Papaya Global Qualification

Find out more about Papaya Global Qualification ... 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 acquired a different Chief Financial Officer specifically committed to managing payments. This provides us with a protected and reputable approach of making payments to our 10,000 employees worldwide.}

the BEST international payroll managment app, conserves me hours of time every month, one single dashboard for my payroll, EOR and contractors

Employee Portal
Staff members have access to a Worker Website where they can view their pay slips, wage and tax declarations and work files. The portal is offered in several languages and can be accessed on a desktop or mobile phone.

Advantages Administration
Papaya Global helps business offer competitive advantages plans to global workers regardless of the number of employees in the company. The company can set up medical insurance, short-term and long-term special needs, vision, dental and maternity leave while getting rid of the need to source regional benefits service providers in every country, produce local accounts and have a minimum number of employees.

The HR abilities supplied by Global HR include various functions such as keeping track of getaway time, making sure compliance, helping with the procedure of welcoming new employees and bidding goodbye to departing ones, using a protected online platform for keeping employees' documents, and supplying assistance for work permit treatments in case your employees need support because location.

HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force spending, workforce variety, total employment costs distributed per area, overall work costs per cycle and much more.

Worldwide, I have actually shown leadership and strategic proficiency in assisting massive populations of over 100,000 staff members across 170 countries. Presently, I am responsible for supervising payroll strategies, as pointed out by Mark. My function includes handling and establishing external partnerships, supporting Business customers, and offering advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments options provider.

company to make the time 100 list for most influential companies in the world we supply payroll payments and workforce management to all staff member enters over 160 countries I am pleased to state that we likewise have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself of course thank you good morning good afternoon great night depending upon where you remain in the world it's beautiful to satisfy you and thank you very much for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I've been in the payments market for over ten years and particularly dealing with the payroll and payment sector for over seven years um I was captivated by the complexity the problem in all of the above of

payroll payments and chose to sort of make a genuine go at that over the last 5 or 6 years where I have actually kind of had a range of different roles on the provider side and likewise on the supplier side from a payroll viewpoint so actually looking forward to this discussion today um and yeah thank you quite for your time everybody okay thanks Johnny uh we'll simply give everyone another number of uh well among the 30 seconds approximately to join we all work back to back these days so we'll sort of let them do that so it 'd be rather intriguing and I can see it going on currently simply to hear where everybody is um it's nice to to type of like see where everybody originates from and I really do hope it's much sunnier than it is 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 very uninspiring and I want I was somewhere else at this moment in time alright so let's get started our program for today is as follows um we are going to be taking a look at the obstacle years of managing International payroll why companies maintain separate

checking account payroll virtual wallets versus payroll savings account payroll payroll uh sorry papaya payroll payments forecasting payroll costs using virtual payroll accounts streamlining papaya International payroll payments as a strategic possession uh we'll likewise discuss a wrap-up which must leave his time at the very very end for a q a session so as the title of the webinar suggests payroll execs on transferring to Virtual payroll accounts and here is why as dispersed to remote and International labor forces end up being increasingly more typical and handling them ends up being more and more complicated Worldwide organizations are looking to find Solutions and brand-new methods to enhance processes particularly from a payroll and cross-border payment standpoint many companies preserve different bank account just for payroll while some have numerous accounts in various countries does it make good sense for companies to maintain separate checking account sometimes in different countries it does but just for payroll exists a much better way what role do virtual accounts and digital wallets also referred to as virtual wallets play in helping international business simplify the episode complex processes of

Making sure precise, efficient, and prompt payroll payments is a complex obstacle for businesses operating worldwide. Join us for a webinar to check out the advantages and downsides of payroll wallets versus payroll checking account, discover how companies forecast payroll costs to enhance working capital, and discover how streamlining global payroll payments can transform them from a difficult job into a tactical property.

Handling payroll internationally is a daunting job due to different policies, compliance requirements, data security issues, and banking rules. The large variety of staff members and companies contributes to the complexity, with an estimated 3.5 billion individuals in the international workforce, 500 countless whom are in Africa, and 230 million services worldwide.

Traditional payroll systems frequently lead to manual procedures, data silos, and a lack of integration, causing inconsistencies and ineffectiveness. Despite residing in a period of technological improvements, payroll management has actually been sluggish to adjust, with as much as 25% of payroll still processed manually, typically using pen and paper. This webinar aims to supply insights and solutions to streamline and optimize worldwide payroll payments.

about it to provide you an idea of how far there still is to come according to Deloitte only 11 of companies state they have Workforce information in real time that's another number that gives me sleep deprived nights and rather honestly the more a business invests in global payroll the less of a photo they see an absence of presence likewise encompasses payroll payments and inability to properly track these payments can lead to compliance accidents in the last mile of the transaction nearly half of global companies have revealed that they don't have the level of standardization they require in their processes or desire and as a result eighty percent of errors are because of time reporting bad HCM information information entry errors badly communicated hires and terminations as well as lack management and system setups and after that when you round it all off and the information is shipped to the wrong place the typical expense of an international data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash worldwide payroll and payments do not run smoothly if they count on the essential multiple processes systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the challenges service face when they're paying to workers or otherwise that's a great concern I always throw this back and say what is it what doesn't require to be included ideal 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 country there's payment timespan 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 customer's own in-country account so there's intricacy anywhere you look ideal eventually developing a knowledge base is absolutely crucial but all over you look with payroll payment they are like incredibly payments no if but some babies about it you are all superheroes processing payments for payroll if you look at the kind 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 basic and innovation is enabling us to kind of progress with that it likewise as well to contribute to that payroll and financing need to work closer together um with differing Checking account Particulars varying banking requirements and setup processes is definitely crucial that payroll and finance teams work more detailed together than ever um I'm always astonished when people state I've divided payroll and payment um if you walk down the street and asked anyone what is payroll who doesn't operate in the payroll profession would they divide 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 process it's the point of information collection all the way through to paying people any place they are but likewise paying statutory authorities and on statutory third parties so with the

world we live in and well-being being more and more essential to contribute to type of the level of complexity there's a growing number of benefits being organ or being used by companies across the world so once again you're simply aiming to include a growing number of payments to this already intricate landscape so if you sort of got any experience well I'm from your large experience here and I'm sure however have you got any experience in kind of real challenges or real tough kind of pay uses to play to pay individuals I think yeah I indicate over the last well yeah a number of years I would absolutely say that the larger an organization gets the more it tends to segregate the payroll and the payments functions um there are teams doing one part of the task there are teams feeding information into the next function as it were that's in fact managing the payment side of things however you understand in in my viewpoint and my experience that doesn't always require to be the case you know long gone are the times where we need to produce extra handoffs in the processes that we operate in they simply make them more timely they make them less efficient and they do not make them what they require to be in in an age of tech and an era that you know that we are operating in today there is no reason why we are still making this as hard as it requires to be concurred and appropriately as you stated payroll is the single biggest liability that any organization has from a cost perspective from an impact point of view on staff members it is absolutely critical that it's done correctly and on time so what we suggest by that is not a day before not a day after on pay day and payments need to be done right it has the biggest destructive result on individuals's wellness and lots of other elements if people aren't paid uh I've always been amazed coming into this Market sort of the last five to ten years is how little thanks the

payroll team get um so I'm not exactly sure anyone on this type of webinar has actually been informed thank you for processing my payroll correctly if you have it 'd be terrific 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 fails everyone jumps up and down when it fails however when it goes right it's simply a tick box exercise and I believe that's how it's seen from the external view as well um so yeah it's also like why WI-Fi Global why all of this stuff is absolutely vital that all of this things is done properly so leveraging the very first Worldwide Payments first payroll payment option is a fantastic initial step um supplying an end-to-end payroll service for your workers globally once again I think is another substantial um process again lining up and ensuring you have standardization International processes all of those things are absolutely essential to success success of businesses and lowering the number of tools platforms and savings 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 don't anticipate to you do get the odd 5 or ten or whatever it might be with the with the the grievances where things have not gone rather where they're indicated to be um I don't believe any of us are actually doing that for for the thanks

anyway 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 associated with those processes and likewise so think of sorry I'm just I was simply gon na say imagine the amount of thanks you got if you could cover the quantity of people that we cover within this webinar I make sure we're talking about numerous thousands potentially Millions imagine getting that many 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 an interesting job trying to clean all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that held true um you 'd require days of the week to try to browse them and in fact see what was going on and kind of try to get back to everybody so moving on appearance why do business pick to primary different bank accounts there are services out there doing precisely this for specific countries and I have actually worked in a service or lots of organizations doing exactly that I can state it does not always feel efficient and it does produce more work I know we're not intentionally doing that we're not developing additional work for anybody where we don't have to and anybody that's handling 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 amount that we are I think numerous reasons one is it's the requirement I believe people have actually got so used to we require a new checking 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 think it's just been the standard and the standard individuals have actually embraced and continue to do over years and years passed by to add to that people have looked at things like trust accounts and numerous other ways um to to sort of do it so I believe there's a variety I believe this is a procedure that needs taking a look at it requires changing however ultimately people are really stuck with what they recognize

with best um modification is a challenging thing we all do not like modification um so I think it's just kind of moving away from the standard as we've said so yeah so it keeps a lot of track of stuff um I comprehend clearly the benefits of having keeping several bank accounts however there's a big amount of complexity chooses establishing a savings account preserving it guaranteeing it can send International transfers guaranteeing it's set up with the right user accesses for individual people so the intricacy is big however I think the sincere answer is change um individuals have not had the ability to change or haven't had always the understanding to actually make that change into alternate Solutions other than opening a savings account I think you have actually hit the nail on the head I believe it is knowledge you understand and there is a component of resistance to change but we have actually always done it that way is no genuine reason for not looking at the the benefits and the possibilities of proceeding and moving into you understand what might almost be figured out to be the next Century approximately there is a lot to track and this approach does posture a number of challenges um so Johnny could you inform us about those difficulties yeah obviously so there's a range right there is so

I just 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 workers you should have a corner workplace with a better parking space due to the fact that I mastered Global payroll and payments with Papaya payroll OS did you

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