Find out more about Papaya Global Online Chat ... We now have the capability to manage both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has actually gotten a different Chief Financial Officer particularly devoted to managing payments. This offers us with a safe and secure and trustworthy technique of paying to our 10,000 staff members worldwide.}
the BEST global payroll managment app, conserves me hours of time on a monthly basis, one single control panel for my payroll, EOR and contractors
Worker Website
Employees have access to a Worker Portal where they can view their pay slips, wage and tax declarations and employment documents. The website is readily available in multiple languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global assists companies offer competitive advantages packages to global employees regardless of the number of employees in the business. The business can set up medical insurance, short-term and long-term disability, vision, oral and maternity leave while getting rid of the need to source regional advantages providers in every nation, produce regional accounts and have a minimum number of staff members.
Global HR Functionalities
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and immigration services if your workers require work permit support.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force costs, labor force diversity, total work costs dispersed per location, total employment expenses per cycle and much more.
environments across the globe I supplied leadership and strategy to populations of over a hundred thousand workers in more than 170 nations today I'm the payroll strategies for as Mark said I work across the business managing and building external relationships supporting Business customers and services in addition to acting as a consultant for those of you that do not understand who papaya International is papaya is the very first payroll and payments
As a worldwide company, we are honored to be consisted of on the prominent Time 100 list of the most influential companies worldwide. We concentrate on providing payroll and labor force management services to staff members in more than 160 nations. I am delighted to introduce Johnny Nash, as discussed by Mark. Now, I'll let Johnny introduce himself. Good day to all, despite your location. It's an enjoyment to meet 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 industry, I have focused on payroll and payment options for the past 7 years. The intricacies and obstacles of this field have constantly captivated me.
payroll payments and decided to kind of make a genuine go at that over the last 5 or 6 years where I have actually kind of had a variety of different functions on the service provider side and likewise on the vendor side from a payroll viewpoint so truly anticipating this conversation today um and yeah thank you very much for your time everyone all right thanks Johnny uh we'll simply offer everyone another number of uh well one of the 30 seconds approximately to join all of us work back to back these days so we'll kind of let them do that so it 'd be rather fascinating and I can see it going on already simply to hear where everybody is um it's nice to to kind of like see where everybody originates from and I actually do hope it's much sunnier than it remains in the UK today certainly not the peak of the sunlight is it it's not no it's it's drizzling here it's extremely extremely uninspiring and I want I was somewhere else at this moment in time all right so let's get started our program for today is as follows um we are going to be looking at the challenge years of managing International payroll why companies keep separate
Virtual payroll accounts are an alternative to standard checking account for managing payroll payments. This is particularly helpful for international organizations with dispersed and remote workforces, as it simplifies the intricate procedure of cross-border payments. Instead of preserving different checking account for payroll in different nations, virtual accounts and digital wallets use a more streamlined option. In this webinar, we will explore the benefits of using virtual payroll accounts and discuss why they are ending up being a strategic asset for payroll executives. We will also supply a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
Ensuring accurate, efficient, and timely payroll payments is a complex challenge for companies operating globally. Join us for a webinar to explore the advantages and downsides of payroll wallets versus payroll checking account, find out how companies anticipate payroll costs to optimize working capital, and discover how enhancing worldwide payroll payments can change them from a challenging job into a tactical asset.
Managing payroll globally is a daunting task due to various policies, compliance requirements, information security issues, and banking guidelines. The sheer variety of workers and organizations adds to the complexity, with an estimated 3.5 billion people in the worldwide labor force, 500 million of whom remain in Africa, and 230 million businesses worldwide.
Traditional payroll systems frequently result in manual procedures, information silos, and a lack of integration, causing inconsistencies and inadequacies. Regardless of residing in a period of technological advancements, payroll management has actually been slow to adapt, with as much as 25% of payroll still processed manually, frequently utilizing pen and paper. This webinar objectives to supply insights and solutions to streamline and enhance international payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte only 11 of organizations say they have Workforce information in real time that's another number that gives me sleepless nights and rather honestly the more an organization invests in global payroll the less of an image they see a lack of exposure likewise reaches payroll payments and failure to properly track these payments can result in compliance mishaps in the last mile of the deal almost half of international services have actually revealed that they don't have the level of standardization they require in their procedures or desire and as a result eighty percent of mistakes are because of time reporting poor HCM data information entry mistakes badly communicated hires and terminations along with lack management and system configurations and then when you round all of it off and the data is shipped to the incorrect place the typical cost of an international information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the money worldwide payroll and payments don't run efficiently if they depend on the necessary multiple processes systems and partners it is simply not possible so Johnny from a payments point of view and in your experience what else needs to be factored into the obstacles service face when they're paying to employees or otherwise that's a good question I always toss this back and state what is it what doesn't require to be included right and what does
it require to be thought of there's differing Bank information so the length of an eye band a swift an account number routing code per country there's payment timespan there's payment abilities so can you pay it from International or do you have to pay from an in-country account do you need to pay from the customer's own in-country account so there's intricacy wherever you look ideal ultimately constructing a knowledge base is definitely critical however all over you look with payroll payment they are like very payments no if but 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 acknowledgment that payroll payments are definitely essential and innovation is allowing us to type of move forward with that it also as well to contribute to that payroll and financing require to work closer together um with differing Checking account Details varying banking requirements and setup processes is definitely necessary that payroll and financing teams work closer together than ever um I'm always astonished when people say I've divided payroll and payment um if you walk down the street and asked anybody what is payroll who does not operate in the payroll profession would they split the payroll payment from estimation I would say no so why do we as a market accept that why our payroll and payments so typically split and cut up um ultimately it's payroll is an end-to-end procedure it's the point of information collection all the way through to paying people anywhere they are however also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and well-being being a growing number of important to contribute to sort of the level of intricacy there's a growing number of advantages being organ or being provided by companies across the world so once again you're just looking to add a growing number of payments to this currently complicated landscape so if you sort of got any experience well I'm from your vast experience here and I'm sure however have you got any experience in kind of real challenges or genuine tough kind of pay utilizes to play to pay people I think yeah I imply over the last well yeah a couple of years I would certainly state that the larger a business gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the job there are groups feeding info into the next function as it were that's actually managing the payment side of things but you understand in in my opinion and my experience that does not necessarily require to be the case you know long gone are the times where we require to produce extra handoffs at the same times that we run in they simply make them more prompt they make them less effective and they don't make them what they require to be in in a period of tech and an age that you know that we are working in today there is no reason that we are still making this as tough as it requires to be concurred and appropriately as you said payroll is the single most significant liability that any service has from a cost perspective from an impact point of view on employees it is absolutely critical 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 greatest harmful impact on individuals's wellness and many other elements if people aren't paid uh I've always been astonished entering into this Market kind of the last 5 to 10 years is how little thanks the
The payroll group may not have been thanked for properly processing payroll during a webinar. If anyone has been thanked, it would be great to hear their success story, whether it's from all workers or not. Payroll is an essential cycle, and individuals only see when things fail. However, when things go right, it's viewed as simply a routine task. This is how it's viewed externally as well. For that reason, it is necessary to guarantee that jobs like Wi-Fi Worldwide and other essential matters are done properly. Using the first Global Payments first payroll payment option is a fantastic preliminary step towards offering a thorough payroll solution for employees worldwide. Standardization, global processes, and lowering the variety of tools, platforms, and bank accounts necessary for global payroll are crucial factors in achieving business success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do periodically get a few grievances when things don't go as prepared. Ultimately, we don't do it for the thankfulness.
anyhow we know how how important a role it is and that'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 everyone that's associated with those processes and also so think of sorry I'm simply I was simply gon na state picture the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I make certain we're discussing hundreds of thousands possibly Millions think of getting that numerous thank you keeps in mind um I imply it 'd be interesting to see how many Post-it notes you got however it would absolutely be an interesting 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 require days of the week to attempt to check out them and really see what was going on and sort of shot to get back to everyone so proceeding look why do companies select to primary separate bank accounts there are organizations out there doing precisely this for particular nations and I have actually operated in a business or many companies doing exactly that I can state it does not constantly feel effective and it does produce more work I understand we're not deliberately doing that we're not developing additional work for anybody where we do not have to and anybody 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 lots of reasons one is it's the requirement I think people have actually got so used to we require a new checking account we open an entity and appropriately so you need it for payroll purposes however there are a number of markets where it's not a requirement so I believe it's just been the requirement and the standard individuals 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 sort of do it so I believe there's a range I think this is a process that needs looking at it requires changing but eventually people are really stuck to what they recognize
with right um modification is a hard thing we all don't like modification um so I think it's just kind of moving far from the standard as we have actually said so yeah so it keeps a great deal of track of stuff um I comprehend certainly the advantages of having maintaining multiple checking account but there's a huge amount of complexity opts for establishing a bank account preserving it guaranteeing it can send International transfers guaranteeing it's set up with the right user accesses for specific individuals so the complexity is huge but I believe the honest response is change um individuals haven't had the ability to change or haven't had always the knowledge to really make that change into alternate Solutions other than opening a checking account I believe you've struck the nail on the head I believe it is understanding you understand and there is a component of resistance to alter however we've constantly done it that way is no genuine excuse for not looking at the the benefits and the possibilities of moving on and moving into you understand what could almost be identified to be the next Century or so there is a lot to keep track of and this method does pose a number of challenges um so Johnny might you tell us about those challenges yeah of course so there's a range right there is so
I just did you switched 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 should have a corner workplace with a closer parking space because I mastered International payroll and payments with Papaya payroll OS did you
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