Find out more about Papaya Global Templates ... We now have the capability to handle both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has obtained a different Chief Financial Officer particularly devoted to managing payments. This offers us with a safe and secure and trustworthy method of making payments to our 10,000 workers worldwide.}
the BEST international payroll managment app, saves me hours of time every month, one single control panel for my payroll, EOR and contractors
Employee Portal
Workers have access to a Staff member Portal where they can see their pay slips, wage and tax declarations and work documents. The portal is offered in multiple languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global assists business offer competitive benefits packages to global staff members no matter the number of employees in the business. The business can set up medical insurance, short-term and long-lasting disability, vision, dental and maternity leave while removing the requirement to source local benefits service providers in every nation, develop regional accounts and have a minimum number of employees.
The HR capabilities provided by International HR include various functions such as keeping an eye on getaway time, ensuring compliance, helping with the procedure of inviting new staff members and bidding goodbye to departing ones, providing a safe and secure online platform for storing employees' documents, and supplying support for work allow procedures in case your workers require support because location.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force spending, labor force diversity, total employment costs dispersed per location, total employment expenses per cycle and much more.
Globally, I have actually demonstrated leadership and tactical know-how in directing large-scale populations of over 100,000 staff members across 170 nations. Presently, I am responsible for managing payroll strategies, as discussed by Mark. My function involves managing and developing external collaborations, supporting Enterprise customers, and supplying advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments services service provider.
As an international business, we are honored to be included on the prominent Time 100 list of the most influential companies worldwide. We concentrate on providing payroll and labor force management services to workers in more than 160 countries. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny present himself. Good day to all, despite your place. It's an enjoyment to meet you and thank you for your valuable time. As Ian discussed, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments market, I have focused on payroll and payment solutions for the past seven years. The intricacies and difficulties of this field have actually constantly mesmerized me.
payroll payments and decided to type of make a real go at that over the last 5 or six years where I have actually kind of had a variety of various roles on the service provider side and likewise on the vendor side from a payroll viewpoint so truly eagerly anticipating this discussion today um and yeah thank you very much for your time everybody okay thanks Johnny uh we'll just offer everybody another couple of uh well among the 30 seconds or so to join all of us work back to back these days so we'll sort of let them do that so it 'd be quite interesting 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 everybody 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 drizzling here it's really extremely bleak 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 difficulty years of handling Worldwide payroll why companies maintain different
Virtual payroll accounts are an alternative to traditional savings account for managing payroll payments. This is particularly useful for international organizations with dispersed and remote workforces, as it simplifies the complex process of cross-border payments. Instead of maintaining different checking account for payroll in different nations, virtual accounts and digital wallets use a more structured option. In this webinar, we will check out the advantages of using virtual payroll accounts and go over why they are ending up being a tactical property for payroll executives. We will also offer a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments properly effectively firmly and on time throughout this webinar we'll stroll you through the global pros and cons of a payroll wallet versus a payroll bank account how companies properly anticipate their payroll expenses to increase working capital and how streamlining International payroll payments can turn them from a siled pane into a strategic property so payroll can be difficult in adequate in one nation but when you're doing it globally it's next level and Beyond it becomes complex for a variety of reasons most significantly guidelines compliance data security and banking guidelines then there are the sheer numbers they include more intricacy the international Workforce is currently 3 and a half billion individuals by 2030 it's estimated that in Africa alone they will contribute and more 1.1 billion people that number is presently 500 million just for for a scale then factor in that there are some 230 million companies and growing all doing their own thing all over the world in the conventional payroll design there's typically a frustrating variety of various systems resulting in time-consuming manual procedures and silos the number of Integrations could be non-existent in big quantities and or really extremely standard there's no genuine consistency framework we're residing in an age of tech but payroll has actually been slow to get on board in fact as much as 25 of payroll is still done by hand frequently with pen and paper and that just blows my mind every time I I think
about it to offer you an idea of how far there still is to come according to Deloitte just 11 of businesses state they have Workforce information in real time that's another number that gives me sleep deprived nights and quite frankly the more a service invests in worldwide payroll the less of a picture they see an absence of exposure also reaches payroll payments and inability to precisely track these payments can cause compliance mishaps in the last mile of the deal nearly half of worldwide organizations have actually expressed that they do not 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 errors poorly communicated hires and terminations as well as lack management and system setups and then when you round it all off and the data is delivered to the wrong place the typical cost of a global data 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 efficiently if they rely on the necessary several procedures 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 difficulties service face when they're paying to staff members or otherwise that's a good question I always toss this back and state what is it what does not need to be included right and what does
it need to be thought of there's varying Bank details so the length of an eye band a swift an account number routing code per nation 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 have to pay from the consumer's own in-country account so there's intricacy wherever you look ideal eventually constructing a knowledge base is absolutely crucial but everywhere you look with payroll payment they resemble super payments no if however some infants 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 believe there's now a bit more acknowledgment that payroll payments are definitely fundamental and innovation is enabling us to sort of move on with that it likewise as well to contribute to that payroll and financing need to work closer together um with differing Bank Account Particulars varying banking requirements and setup processes is definitely crucial that payroll and financing groups work more detailed together than ever um I'm constantly amazed when people say I've split payroll and payment um if you walk down the street and asked anyone what is payroll who doesn't work in the payroll occupation would they split 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 process it's the point of data collection all the way through to paying individuals wherever they are but likewise paying statutory authorities and on statutory 3rd parties so with the
world we live in and well-being being a growing number of crucial to contribute to kind of the level of intricacy there's increasingly more advantages being organ or being offered by services across the world so once again you're just aiming to add more and more payments to this currently intricate landscape so if you sort of got any experience well I'm from your huge experience here and I make sure however have you got any experience in kind of genuine challenges or real difficult sort of pay uses to play to pay people I believe yeah I imply over the last well yeah a couple of decades I would certainly 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 groups feeding info into the next function as it were that's really handling the payment side of things but you know in in my opinion and my experience that doesn't always need to be the case you know long gone are the times where we need to create extra handoffs in the processes that we run in they simply make them more timely they make them less efficient and they don't make them what they need to be in in an era of tech and an age that you understand that we are operating in today there is no reason we are still making this as tough as it needs to be concurred and rightly as you stated payroll is the single biggest liability that any service has from a cost viewpoint from an impact viewpoint on staff members it is absolutely crucial 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 need to be done right it has the most significant harmful effect on individuals's wellness and many other aspects if individuals aren't paid uh I have actually always been astonished coming into this Market kind of the last five to 10 years is how little thanks the
The payroll team might not have actually been thanked for properly processing payroll throughout a webinar. If anybody has actually been thanked, it would be great to hear their success story, whether it's from all employees or not. Payroll is an essential cycle, and people just see when things go wrong. Nevertheless, when things go right, it's seen as simply a routine job. This is how it's viewed externally also. Therefore, it is necessary to make sure that tasks like Wi-Fi Worldwide and other vital matters are done properly. Utilizing the very first Global Payments first payroll payment option is a fantastic preliminary step towards offering an extensive payroll solution for workers worldwide. Standardization, worldwide processes, and reducing the variety of tools, platforms, and savings account essential for global payroll are key factors in achieving company 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 understand how how essential 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 everyone that's involved in those processes and likewise so envision sorry I'm just I was simply gon na say picture the amount of thanks you got if you could cover the quantity of individuals that we cover within this webinar I make sure we're talking about hundreds of thousands possibly Millions imagine getting that numerous thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got however it would absolutely be an interesting task attempting to clean up all those up for sure oh absolutely I can't imagine the size of my my Outlook inbox if that held true um you 'd need days of the week to try to check out them and really see what was going on and type of shot to return to everyone so carrying on appearance why do business select to primary separate savings account there are companies out there doing exactly this for specific nations and I've operated in an organization or many companies doing precisely that I can say it doesn't constantly feel efficient and it does produce more work I know we're not deliberately doing that we're not developing additional work for anybody where we do not have to and anyone 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 believe many factors one is it's the requirement I think people have got so used to we need a new bank account we open an entity and appropriately so you require it for payroll functions but there are a variety of markets where it's not a requirement so I think it's just been the standard and the standard the people have actually embraced and continue to do over years and years gone past to contribute to that people have looked at things like trust accounts and many other methods um to to sort of do it so I believe there's a variety I think this is a procedure that requires looking at it needs altering however ultimately people are very stuck with what they're familiar
with best um change is a difficult thing we all don't like modification um so I think it's simply 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 clearly the advantages of having preserving numerous bank accounts but there's a big quantity of intricacy goes with establishing a savings account keeping it ensuring it can send out International transfers guaranteeing it's set up with the ideal user accesses for private individuals so the complexity is substantial however I think the sincere response is change um people have not been able to change or haven't had always the knowledge to really make that change into alternate Solutions besides opening a bank account I believe you've struck the nail on the head I think it is understanding you know and there is an element of resistance to alter however we've constantly done it that way is no genuine excuse for not taking a look at the the advantages and the possibilities of carrying on and moving into you understand what could practically be determined to be the next Century approximately there is a lot to track and this approach does present a number of obstacles um so Johnny could you inform us about those challenges yeah of course so there's a range right there is so
I just recently made a change to our Enterprise system by transitioning to OS. As a result, we can now manage our payroll and payment tasks on one platform. It feels like our CFO has actually gained another CFO, and with this enhanced ability, I have effectively secured payments for our 10,000 employees worldwide. Your devotion 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 achievements.
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