Find out more about Papaya Global How To Claim Employment Allowance ... We now have the ability to handle both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has actually obtained a different Chief Financial Officer specifically dedicated to managing payments. This provides us with a protected and trusted approach of paying to our 10,000 employees worldwide.}
the BEST international payroll managment app, saves me hours of time each month, one single control panel for my payroll, EOR and professionals
Employee Portal
Workers have access to an Employee Portal where they can view their pay slips, wage and tax statements and employment documents. The portal is readily available in multiple languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps business use competitive benefits packages to international workers despite the number of workers in the business. The company can establish medical insurance, short-term and long-term special needs, vision, dental and maternity leave while eliminating the need to source regional benefits suppliers in every country, create regional accounts and have a minimum variety of workers.
The HR abilities offered by International HR encompass numerous functions such as monitoring holiday time, guaranteeing compliance, helping with the procedure of inviting brand-new employees and bidding farewell to departing ones, using a safe and secure online platform for saving employees' files, and supplying support for work allow procedures in case your staff members need help in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force costs, workforce diversity, total employment costs distributed per area, total work costs per cycle and far more.
environments across the globe I provided leadership and strategy to populations of over a hundred thousand staff members in more than 170 countries today I'm the payroll methods for as Mark said I work across business managing and structure external relationships supporting Enterprise clients and options as well as acting as an advisor for those of you that do not understand who papaya Worldwide is papaya is the first payroll and payments
As a worldwide company, we are honored to be included on the distinguished Time 100 list of the most prominent companies worldwide. We concentrate on offering payroll and workforce management services to staff members in more than 160 countries. I am delighted to present Johnny Nash, as pointed out by Mark. Now, I'll let Johnny introduce himself. Good day to all, no matter your area. It's a satisfaction to satisfy you and thank you for your valuable time. As Ian pointed out, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments market, I have concentrated on payroll and payment solutions for the past seven years. The intricacies and obstacles of this field have actually constantly captivated me.
payroll payments and decided to kind of make a genuine go at that over the last five or 6 years where I've sort of had a range of different functions on the supplier side and also on the supplier side from a payroll viewpoint so truly looking forward to this conversation today um and yeah thank you quite for your time everybody okay thanks Johnny uh we'll simply provide everybody another couple of uh well one of the 30 seconds or so to join all of us work back to back these days so we'll kind of let them do that so it 'd be quite fascinating and I can see it going on already simply to hear where everybody is um it's nice to to type of like see where everyone originates from and I really do hope it's much sunnier than it is in the UK today definitely not the peak of the sunshine is it it's not no it's it's drizzling here it's extremely very uninspiring and I wish I was somewhere else at this moment in time okay so let's get started our program for today is as follows um we are going to be taking a look at the challenge years of managing Global payroll why business keep separate
checking account payroll virtual wallets versus payroll bank accounts payroll payroll uh sorry papaya payroll payments anticipating payroll expenses using virtual payroll accounts improving papaya International payroll payments as a strategic property uh we'll also discuss a recap and that ought to leave his time at the very really end for a q a session so as the title of the webinar recommends payroll officers on moving to Virtual payroll accounts and here is why as dispersed to remote and International workforces become increasingly more common and managing them becomes a growing number of intricate Global organizations are seeking to discover Solutions and brand-new ways to streamline procedures specifically from a payroll and cross-border payment perspective lots of companies preserve separate checking account just for payroll while some have several accounts in different countries does it make sense for companies to keep separate bank accounts sometimes in various countries it does however just for payroll exists a much better way what function do virtual accounts and digital wallets likewise referred to as virtual wallets play in helping international business simplify the episode complex procedures of
Ensuring precise, effective, and prompt payroll payments is a complex obstacle for organizations running globally. Join us for a webinar to explore the benefits and disadvantages of payroll wallets versus payroll bank accounts, find out how companies forecast payroll expenses to enhance working capital, and find how streamlining international payroll payments can change them from a challenging job into a tactical possession.
Handling payroll internationally is a difficult task due to different policies, compliance requirements, information security issues, and banking guidelines. The sheer variety of employees and services adds to the intricacy, with an approximated 3.5 billion individuals in the worldwide labor force, 500 countless whom are in Africa, and 230 million services worldwide.
Standard payroll systems often lead to manual procedures, information silos, and an absence of combination, leading to disparities and inefficiencies. In spite of residing in an age of technological developments, payroll management has been slow to adjust, with as much as 25% of payroll still processed manually, typically utilizing pen and paper. This webinar objectives to supply insights and solutions to streamline and optimize global payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of companies state they have Workforce data in real time that's another number that gives me sleep deprived nights and quite honestly the more a service invests in global payroll the less of a photo they see a lack of visibility also extends to payroll payments and inability to accurately track these payments can lead to compliance mishaps in the last mile of the deal nearly half of international companies have revealed that they do not have the level of standardization they require in their procedures or want and as a result eighty percent of errors are due to time reporting poor HCM information data entry mistakes badly communicated hires and terminations in addition to lack management and system configurations and then when you round it all off and the information is delivered to the incorrect place the typical cost of a worldwide information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the cash around the globe payroll and payments do not run smoothly if they rely on the essential multiple procedures systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the challenges organization face when they're paying to staff members or otherwise that's a great question I constantly toss this back and say what is it what does not require to be consisted of right and what does
it require to be thought of there's varying Bank details so the length of an eye band a swift an account number routing code per country there's payment time frames there's payment capabilities so can you pay it from International or do you have to pay from an in-country account do you have to pay from the consumer's own in-country account so there's complexity any place you look right eventually building a knowledge base is definitely crucial however everywhere you look with payroll payment they are like very payments no if however some children about it you are all superheroes processing payments for payroll if you take a look at the type of link in between fintech and payroll it's closer than ever I believe there's now a bit more recognition that payroll payments are definitely fundamental and technology is enabling us to type of progress with that it likewise as well to add to that payroll and finance need to work closer together um with varying Bank Account Details differing banking requirements and setup procedures is definitely necessary that payroll and finance groups work better together than ever um I'm always astonished when individuals say I have actually split payroll and payment um if you walk down the street and asked anyone what is payroll who does not work in the payroll occupation would they split the payroll payment from calculation I would say no so why do we as an industry accept that why our payroll and payments so frequently split and cut up um eventually it's payroll is an end-to-end process it's the point of information collection all the way through to paying individuals wherever they are however likewise paying statutory authorities and on statutory 3rd parties so with the
world we reside in and well-being being increasingly more essential to add to type of the level of complexity there's a growing number of advantages being organ or being provided by businesses across the world so once again you're just aiming to add increasingly more payments to this already complex landscape so if you sort of got any experience well I'm from your large experience here and I'm sure but have you got any experience in kind of genuine challenges or genuine difficult kind of pay uses to play to pay people I think yeah I mean over the last well yeah a couple of years I would certainly state that the bigger a company gets the more it tends to segregate the payroll and the payments works um there are groups doing one part of the job there are groups feeding information into the next function as it were that's really handling the payment side of things but you understand in in my viewpoint and my experience that does not always require to be the case you know long gone are the times where we require to produce additional handoffs in the processes that we operate in they simply make them more timely they make them less effective and they do not make them what they require to be in in an era of tech and a period that you understand that we are working in today there is no reason we are still making this as difficult as it requires to be concurred and rightly as you said payroll is the single greatest liability that any company has from an expense point of view from an effect viewpoint on staff members it is definitely crucial that it's done properly and on time so what we imply by that is not a day before not a day after on pay day and payments need to be done right it has the most significant harmful impact on people's wellness and many other factors if individuals aren't paid uh I have actually constantly been amazed entering into this Market sort of the last five to ten years is how little thanks the
payroll group get um so I'm not exactly sure anyone on this kind of webinar has been informed thank you for processing my payroll correctly if you have it 'd be fantastic to hear your success story and whether that's been from all workers or not um however ultimately payroll is such an essential cycle all of us hear about it when it goes wrong everybody jumps up and down when it goes wrong however when it goes right it's simply a tick box workout and I think that's how it's seen from the external consider as well um so yeah it's likewise like why WI-Fi Global why all of this things is definitely important that all of this things is done correctly so leveraging the first Worldwide Payments first payroll payment solution is a great primary step um offering an end-to-end payroll service for your workers worldwide again I believe is another big um procedure once again aligning and guaranteeing you have standardization Global processes all of those things are definitely essential to success success of organizations and reducing the variety of tools platforms and checking account they require for their International payroll too couldn't agree with you more and on the the front in terms of of the thank yous for getting payroll done I've never had a hundred countless them within a payroll cycle do not anticipate to you do get the odd 5 or 10 or whatever it might be with the with the the problems where things have not gone quite where they're meant to be um I don't believe any of us are actually doing that for for the thanks
anyhow we know how how crucial a role it is which's why we do it that's why we get on with it and this is why we're talking today about making it as simple as possible for everybody that's associated with those procedures and also so picture sorry I'm simply I was just gon na say imagine the quantity of thanks you got if you could cover the quantity of people that we cover within this webinar I'm sure we're speaking about hundreds of thousands potentially Millions envision getting that lots of thank you notes um I imply it 'd be interesting to see the number of Post-it notes you got but it would definitely be an intriguing job trying to clean up all those up for sure oh absolutely I can't think of the size of my my Outlook inbox if that held true um you 'd need days of the week to try to browse them and really see what was going on and kind of try to return to everybody so proceeding look why do companies choose to primary separate bank accounts there are services out there doing exactly this for particular nations and I have actually operated in a business or many companies doing exactly that I can state it doesn't always feel effective and it does develop more work I understand we're not purposely doing that we're not developing additional work for any person where we do not have to and any person that's handling that process I 'd be interested to hear your thoughts Johnny why do you believe that we're doing that in in the in the amount that we are I think lots of reasons one is it's the standard I think individuals have actually got so used to we require a brand-new savings account we open an entity and rightly so you require it for payroll purposes but there are a variety of markets where it's not a requirement so I think it's just been the standard and the norm the people have embraced and continue to do over years and years passed by to add to that people have looked at things like trust accounts and lots of other methods um to to kind of do it so I think there's a range I think this is a procedure that requires taking a look at it requires changing however eventually individuals are really stuck with what they recognize
with ideal um change is a tough thing we all do not like change um so I believe it's just sort of moving away from the norm as we have actually said so yeah so it keeps a great deal of track of things um I understand certainly the advantages of having keeping multiple bank accounts but there's a huge amount of complexity opts for establishing a checking account preserving it guaranteeing it can send International transfers ensuring it's established with the right user accesses for specific people so the intricacy is big but I think the sincere response is modification um people have not had the ability to change or haven't had always the understanding to really make that change into alternate Solutions other than opening a bank account I think you have actually hit the nail on the head I believe it is knowledge you understand and there is an element of resistance to change but we have actually constantly done it that way is no genuine reason for not looking at the the benefits and the possibilities of moving on and moving into you understand what could practically be identified to be the next Century or so there is a lot to track and this method does posture several obstacles um so Johnny might you tell us about those challenges yeah naturally so there's a variety right there is so
I recently made a change to our Enterprise system by transitioning to OS. As a result, we can now handle our payroll and payment jobs on one platform. It feels like our CFO has actually acquired another CFO, and with this enhanced ability, I have successfully protected payments for our 10,000 workers worldwide. Your dedication to mastering worldwide payroll and payments using Papaya payroll OS is commendable. You should have a corner workplace with a parking space that is closer, considering your accomplishments.
Nominal Link Settings Papaya Global