Find out more about Papaya Global Manual Pdf ... We now have the capability to handle both our payroll and payments processes on one merged platform. It's as if our Chief Financial Officer has obtained a different Chief Financial Officer specifically devoted to handling payments. This provides us with a safe and secure and dependable approach of making payments to our 10,000 staff members worldwide.}
The advanced global payroll management app simplifies my payroll process, saving me a considerable amount of time monthly. With its user-friendly interface, I have access to a single dashboard that efficiently manages my payroll, EOR, and contractors.
Staff member Website
Employees have access to a Worker Portal where they can view their pay slips, wage and tax statements and employment documents. The website is offered in several languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global helps business provide competitive advantages bundles to global employees no matter the variety of employees in the company. The business can set up health insurance, short-term and long-term disability, vision, dental and maternity leave while eliminating the requirement to source local benefits service providers in every nation, produce local accounts and have a minimum number of workers.
Global HR Functionalities
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' files and migration services if your workers need work license support.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce costs, workforce diversity, overall employment costs distributed per location, overall work costs per cycle and far more.
environments around the world I provided leadership and method to populations of over a hundred thousand workers in more than 170 countries today I'm the payroll methods for as Mark said I work across business handling and structure external relationships supporting Enterprise customers and options in addition to functioning as an advisor for those of you that don't know who papaya International is papaya is the very first payroll and payments
As a global company, we are honored to be included on the prestigious Time 100 list of the most influential companies worldwide. We specialize in providing payroll and labor force management services to employees in more than 160 countries. I am delighted to introduce Johnny Nash, as pointed out by Mark. Now, I'll let Johnny introduce himself. Good day to all, regardless of your area. It's an enjoyment to meet you and thank you for your valuable time. As Ian mentioned, I am Johnny Nash, the director of payments at our company. With over a years of experience in the payments industry, I have actually focused on payroll and payment options for the past seven years. The intricacies and obstacles of this field have always mesmerized me.
payroll payments and decided to type of make a real go at that over the last 5 or six years where I've type of had a range of various functions on the provider side and likewise on the vendor side from a payroll perspective so really eagerly anticipating this discussion today um and yeah thank you quite for your time everyone alright thanks Johnny uh we'll just give everybody another couple of uh well one of the 30 seconds or so to join we all work back to back nowadays 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 sort of like see where everyone comes from and I truly do hope it's much sunnier than it remains in the UK today definitely not the peak of the sunlight is it it's not no it's it's drizzling here it's really very dreary and I want I was somewhere else at this moment in time okay so let's start our program for today is as follows um we are going to be taking a look at the challenge years of managing Worldwide payroll why companies preserve different
Virtual payroll accounts are an alternative to traditional savings account for managing payroll payments. This is especially useful for global companies with dispersed and remote workforces, as it streamlines the complex process of cross-border payments. Instead of maintaining separate savings account for payroll in different nations, virtual accounts and digital wallets use a more streamlined option. In this webinar, we will check out the benefits of using virtual payroll accounts and go over why they are ending up being a strategic possession for payroll executives. We will also provide a recap of the bottom lines covered and leave time for a Q&A session at the end.
Ensuring precise, effective, and timely payroll payments is a complex challenge for services running worldwide. Join us for a webinar to check out the benefits and downsides of payroll wallets versus payroll savings account, learn how business anticipate payroll expenses to enhance working capital, and discover how enhancing international payroll payments can change them from a troublesome task into a tactical asset.
Managing payroll worldwide is a complicated job due to various regulations, compliance requirements, information security concerns, and banking guidelines. The sheer number of staff members and services adds to the intricacy, with an approximated 3.5 billion people in the global labor force, 500 million of whom are in Africa, and 230 million organizations worldwide.
Traditional payroll systems frequently result in manual procedures, data silos, and an absence of integration, leading to inconsistencies and inadequacies. Despite residing in an age of technological developments, payroll management has been sluggish to adapt, with as much as 25% of payroll still processed by hand, often utilizing pen and paper. This webinar goals to provide insights and solutions to streamline and enhance international payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of services state they have Labor force information in real time that's another number that offers me sleep deprived nights and quite honestly the more a company spends on worldwide payroll the less of an image they see an absence of visibility also reaches payroll payments and failure to precisely track these payments can lead to compliance incidents in the last mile of the transaction nearly half of worldwide businesses have expressed 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 because of time reporting poor HCM data data entry mistakes inadequately communicated hires and terminations along with absence management and system configurations and after that when you round it all off and the information is shipped to the wrong location the average cost of an international information breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash around the world payroll and payments don't run smoothly if they count on the required several procedures systems and partners it is simply not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the challenges company face when they're making payments to staff members or otherwise that's a good concern I always throw this back and say what is it what doesn't need to be included right and what does
it need to be thought of there's varying Bank information so the length of an eye band a swift an account number routing code per nation there's payment time frames there's payment capabilities so can you pay it from International or do you need to pay from an in-country account do you need to pay from the client's own in-country account so there's intricacy any place you look best ultimately constructing a knowledge base is absolutely critical however everywhere you look with payroll payment they resemble super payments no if but some babies about it you are all superheroes processing payments for payroll if you look at the sort of link between fintech and payroll it's closer than ever I think there's now a bit more recognition that payroll payments are definitely fundamental and technology is allowing us to kind of move forward with that it likewise too to contribute to that payroll and financing need to work closer together um with differing Savings account Details varying banking requirements and setup processes is definitely necessary that payroll and financing teams work better together than ever um I'm always impressed when individuals state I've divided 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 computation I would say no so why do we as a market accept that why our payroll and payments so often split and cut up um ultimately it's payroll is an end-to-end process it's the point of data collection all the way through to paying people wherever they are but likewise paying statutory authorities and on statutory 3rd parties so with the
The modern-day world places a high worth on wellness and the compensation landscape is ending up being increasingly complex. Services are continuously introducing brand-new advantages and payment alternatives, which adds to the overall intricacy. Large corporations frequently divide their payroll and payment processing into separate teams, which can cause inadequacies and bottlenecks. In my opinion, this does not have to be the case. In today's technologically innovative age, there's no justification for maintaining cumbersome treatments. Payroll, the business's most significant expense, must be processed correctly and on time. Even slight hold-ups can adversely affect workers' well-being and have significant consequences. Therefore, it's crucial to focus on precise and prompt payments.
payroll team get um so I'm uncertain anyone on this sort of webinar has been told thank you for processing my payroll correctly if you have it 'd be great to hear your success story and whether that's been from all staff members or not um however eventually payroll is such a crucial cycle all of us find out about it when it goes wrong everybody jumps up and down when it goes wrong however when it goes right it's just a tick box workout and I believe 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 absolutely crucial that all of this stuff is done properly so leveraging the very first International Payments first payroll payment option is a great first step um offering an end-to-end payroll solution for your workers worldwide again I think is another huge um process again aligning and guaranteeing you have standardization Global procedures all of those things are definitely crucial to success success of companies and lowering the number of tools platforms and bank accounts they require for their Global payroll too could not agree with you more and on the the front in regards to of the thank yous for getting payroll done I have actually never ever had a hundred thousand of them within a payroll cycle don't expect to you do get the odd five or ten or whatever it might be with the with the the grievances where things have not gone rather 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 easy as possible for everybody that's associated with those processes and likewise so picture sorry I'm just I was simply gon na say imagine the quantity of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make sure we're discussing hundreds of thousands potentially Millions envision getting that lots of thank you keeps in mind um I suggest it 'd be interesting to see how many Post-it notes you got however it would definitely be a fascinating task trying to clean all those up for sure oh definitely I can't imagine the size of my my Outlook inbox if that was the case um you 'd require days of the week to attempt to check out them and in fact see what was going on and type of shot to get back to everybody so proceeding look why do business pick to primary separate bank accounts there are services out there doing precisely this for specific nations and I've worked in a business or numerous organizations doing precisely that I can say it does not always feel effective and it does develop more work I understand we're not intentionally doing that we're not producing extra work for any person where we don't have to and anyone that's dealing with that process I 'd be interested to hear your ideas Johnny why do you believe that we're doing that in in the in the quantity that we are I believe many reasons one is it's the standard I believe individuals have got so utilized to we need a new savings account we open an entity and rightly so you require it for payroll purposes but there are a number of markets where it's not a requirement so I believe it's simply been the standard and the standard the people have adopted and continue to do over years and years passed by to add to that individuals have actually taken a look at things like trust accounts and lots of other methods um to to type of do it so I believe there's a range I think this is a procedure that requires taking a look at it needs changing but ultimately people are extremely stuck with what they're familiar
with best um modification is a challenging thing all of us don't like change um so I believe it's simply type of moving far from the standard as we've said so yeah so it keeps a great deal of track of things um I understand clearly the benefits of having keeping numerous checking account however there's a huge quantity of complexity chooses setting up a checking account keeping it guaranteeing it can send International transfers ensuring it's set up with the ideal user accesses for specific people so the complexity is big but I believe the truthful response is modification um people have not been able to alter or have not had always the knowledge to actually make that change into alternate Solutions other than opening a bank account I believe you have actually hit the nail on the head I think it is knowledge you understand and there is an element of resistance to alter but we have actually constantly done it that way is no genuine reason for not looking at the the benefits and the possibilities of carrying on and moving into you understand what could nearly be figured out to be the next Century or so there is a lot to track and this method does position several difficulties um so Johnny could you inform us about those challenges yeah obviously so there's a range right there is so
I simply did you changed our Business to OS so now we can do our payroll and payments operation on a single platform yes it resembles our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 Worldwide employees you are worthy of a corner office with a closer parking space because I mastered Worldwide payroll and payments with Papaya payroll OS did you
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