Find out more about Papaya Global Pension Re Enrolment ... We now have the capability to handle both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has acquired a separate Chief Financial Officer specifically committed to handling payments. This provides us with a protected and trusted method of making payments to our 10,000 staff members worldwide.}
the very best international payroll managment app, conserves me hours of time on a monthly basis, one single control panel for my payroll, EOR and specialists
Employee Portal
Employees have access to a Worker Website where they can see their pay slips, wage and tax declarations and work files. The portal is available in multiple languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global assists companies use competitive benefits packages to global staff members regardless of the variety of staff members in the business. The company can establish health insurance, short-term and long-term special needs, vision, dental and maternity leave while getting rid of the requirement to source regional advantages companies in every country, develop regional accounts and have a minimum variety of employees.
The HR abilities provided by International HR include various functions such as keeping an eye on getaway time, guaranteeing compliance, facilitating the procedure of inviting brand-new staff members and bidding goodbye to departing ones, offering a safe and secure online platform for keeping employees' files, and offering support for work permit treatments in case your staff members require help in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force spending, labor force diversity, total work costs dispersed per area, total employment costs per cycle and much more.
Worldwide, I have actually demonstrated management and strategic expertise in guiding large-scale populations of over 100,000 staff members throughout 170 countries. Presently, I am responsible for supervising payroll strategies, as mentioned by Mark. My role includes handling and establishing external partnerships, supporting Enterprise customers, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options provider.
As an international company, we are honored to be included on the prominent Time 100 list of the most influential companies worldwide. We concentrate on supplying payroll and labor force management services to employees in more than 160 nations. 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 place. It's a satisfaction to meet you and thank you for your important time. As Ian mentioned, I am Johnny Nash, the director of payments at our organization. With over a decade of experience in the payments industry, I have focused on payroll and payment solutions for the past seven years. The complexities and challenges of this field have actually constantly mesmerized me.
payroll payments and chose to sort of make a genuine go at that over the last five or six years where I've kind of had a variety of various roles on the service provider side and also on the supplier side from a payroll viewpoint so truly anticipating this discussion today um and yeah thank you quite for your time everyone all right thanks Johnny uh we'll simply give everybody another number of uh well one of the 30 seconds or so to join we all 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 currently simply to hear where everyone is um it's nice to to type of like see where everyone comes from and I actually 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 raining here it's extremely extremely dreary and I want I was somewhere else at this moment in time all right so let's get going our program for today is as follows um we are going to be taking a look at the challenge years of handling Global payroll why companies preserve different
Virtual payroll accounts are an option to standard bank accounts for handling payroll payments. This is particularly beneficial for global organizations with dispersed and remote labor forces, as it streamlines the complex process of cross-border payments. Instead of preserving separate bank accounts for payroll in different nations, virtual accounts and digital wallets use a more streamlined service. In this webinar, we will explore the benefits of using virtual payroll accounts and go over why they are ending up being a tactical asset for payroll executives. We will also provide a wrap-up of the main points covered and leave time for a Q&A session at the end.
Making sure accurate, efficient, and timely payroll payments is a complex challenge for services operating internationally. Join us for a webinar to check out the advantages and disadvantages of payroll wallets versus payroll bank accounts, discover how companies forecast payroll expenses to enhance working capital, and discover how improving global payroll payments can transform them from a troublesome job into a tactical property.
Handling payroll worldwide is a challenging job due to numerous policies, compliance requirements, data security issues, and banking guidelines. The sheer variety of staff members and services contributes to the complexity, with an estimated 3.5 billion individuals in the international labor force, 500 million of whom remain in Africa, and 230 million organizations worldwide.
Traditional payroll systems typically result in manual processes, information silos, and a lack of integration, leading to inconsistencies and inadequacies. Despite living in an age of technological advancements, 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 objectives to offer insights and solutions to simplify and optimize worldwide payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte just 11 of companies state they have Labor force data in real time that's another number that provides me sleepless nights and quite frankly the more a company invests in global payroll the less of a photo they see a lack of exposure also encompasses payroll payments and failure to precisely track these payments can lead to compliance mishaps in the last mile of the deal nearly half of global services 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 mistakes are due to time reporting poor HCM information data entry mistakes improperly interacted hires and terminations along with absence management and system configurations and then when you round it all off and the data is shipped to the incorrect place the average expense of an international information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the cash all over the world payroll and payments do not run smoothly if they rely on the needed multiple processes systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the challenges organization face when they're paying to workers or otherwise that's a good concern I always throw this back and state what is it what doesn't need to be consisted of best and what does
it need to be considered 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 have to pay from an in-country account do you have to pay from the client's own in-country account so there's complexity any place you look best ultimately building a knowledge base is absolutely important however all over 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 type 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 essential and innovation is permitting us to type of move forward with that it also too to contribute to that payroll and finance need to work closer together um with varying Bank Account Details varying banking requirements and setup procedures is definitely important that payroll and financing teams work closer together than ever um I'm always amazed when people say I have actually divided payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't work in the payroll occupation would they divide the payroll payment from estimation I would say no so why do we as an industry accept that why our payroll and payments so typically split and cut up um eventually it's payroll is an end-to-end procedure it's the point of information collection all the way through to paying people wherever they are but likewise paying statutory authorities and on statutory third parties so with the
world we live in and wellness being increasingly more crucial to contribute to sort of the level of complexity there's a growing number of benefits being organ or being offered by companies across the world so again you're just looking to add a growing number of payments to this currently complicated landscape so if you type of got any experience well I'm from your large experience here and I make certain however have you got any experience in kind of genuine obstacles or real difficult sort of pay uses to play to pay people I believe yeah I indicate over the last well yeah a number of years I would definitely say that the larger a company gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the task there are teams feeding information into the next function as it were that's actually managing the payment side of things however you understand in in my opinion and my experience that does not always require to be the case you know long gone are the times where we need to develop additional handoffs while doing sos that we operate in they just make them more prompt they make them less efficient and they do not make them what they need to be in in a period of tech and an era that you understand that we are operating in today there is no reason that we are still making this as difficult as it requires to be agreed and appropriately as you said payroll is the single biggest liability that any service has from a cost point of view from an effect perspective on staff members it is absolutely critical that it's done correctly and on time so what we indicate by that is not a day before not a day after on pay day and payments have to be done right it has the most significant harmful impact on people's wellness and numerous other elements if individuals aren't paid uh I have actually always been amazed entering this Market sort of the last 5 to ten years is how little thanks the
payroll group get um so I'm uncertain anybody on this sort of webinar has actually been informed thank you for processing my payroll properly 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 ultimately payroll is such an essential cycle we all become aware of it when it goes wrong everyone jumps up and down when it fails however when it goes right it's just a tick box exercise and I believe that's how it's seen from the external deem well um so yeah it's also like why WI-Fi Global why all of this things is definitely important that all of this things is done correctly so leveraging the very first Global Payments very first payroll payment solution is a terrific primary step um offering an end-to-end payroll service for your staff members worldwide once again I believe is another big um procedure again lining up and guaranteeing you have standardization Global processes all of those things are absolutely essential to success success of companies and lowering the variety of tools platforms and savings account they need for their Worldwide payroll too could not agree with you more and on the the front in terms of 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 5 or 10 or whatever it might be with the with the the grievances where things have not gone rather where they're implied to be um I do not believe any of us are really doing that for for the thanks
anyhow we know how how important a function 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 everyone that's involved in those procedures and likewise so picture sorry I'm simply I was simply gon na say think of the amount of thanks you got if you could cover the amount of people that we cover within this webinar I make certain we're speaking about numerous thousands potentially Millions picture getting that numerous thank you keeps in mind um I indicate it 'd be interesting to see the number of Post-it notes you got however it would absolutely be an interesting job attempting 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 browse them and actually see what was going on and kind of shot to return to everybody so moving on appearance why do companies pick to main separate bank accounts there are services out there doing exactly this for specific countries and I have actually operated in a company or many businesses doing precisely that I can say it does not constantly feel effective and it does develop more work I know we're not purposely doing that we're not creating extra work for anybody where we do not need to and anybody that's dealing with that procedure I 'd be interested to hear your thoughts Johnny why do you think that we're doing that in in the in the amount that we are I think numerous reasons one is it's the requirement I think people have got so utilized to we need a brand-new bank account we open an entity and appropriately so you require it for payroll functions however there are a number of markets where it's not a requirement so I believe it's just been the requirement and the norm the people have actually adopted and continue to do over years and years passed by to contribute to that people have actually looked at things like trust accounts and many other ways um to to type of do it so I think there's a variety I believe this is a process that requires taking a look at it requires altering but eventually individuals are really stuck with what they recognize
with ideal um change is a difficult thing all of us don't like modification um so I believe it's just kind of moving away from the standard as we've said so yeah so it keeps a great deal of track of things um I comprehend certainly the advantages of having preserving several savings account however there's a huge amount of complexity goes with setting up a savings account maintaining it ensuring it can send out International transfers ensuring it's set up with the ideal user accesses for private people so the complexity is big however I believe the honest answer is modification um people have not been able to change or have not had always the knowledge to really make that change into alternate Solutions other than opening a checking account I think you have actually hit the nail on the head I think it is knowledge you know and there is a component of resistance to change but we have actually constantly done it that way is no real excuse for not looking at the the benefits and the possibilities of carrying on and moving into you understand what could practically be figured out to be the next Century approximately there is a lot to keep track of and this technique does position several difficulties um so Johnny might you tell us about those obstacles yeah of course so there's a range right there is so
I recently made a change to our Business system by transitioning to OS. As a result, we can now manage our payroll and payment jobs on one platform. It feels like our CFO has actually acquired another CFO, and with this boosted ability, I have effectively secured payments for our 10,000 employees worldwide. Your dedication to mastering global payroll and payments utilizing Papaya payroll OS is good. You should have a corner workplace with a parking space that is closer, considering your achievements.
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