Running Papaya Global

Find out more about Running Papaya Global ... We now have the ability to manage both our payroll and payments procedures on one merged platform. It's as if our Chief Financial Officer has actually gotten a different Chief Financial Officer particularly dedicated to handling payments. This supplies us with a safe and secure and dependable method of making payments to our 10,000 workers worldwide.}

the very best global payroll managment app, saves me hours of time on a monthly basis, one single dashboard for my payroll, EOR and specialists

Employee Portal
Staff members have access to a Worker Portal where they can see their pay slips, wage and tax statements and employment files. The portal is available in several languages and can be accessed on a desktop or mobile phone.

Benefits Administration
Papaya Global helps companies offer competitive advantages packages to global employees regardless of the number of staff members in the company. The business can establish health insurance, short-term and long-term special needs, vision, oral and maternity leave while getting rid of the need to source regional benefits suppliers in every nation, produce local accounts and have a minimum number of employees.

The HR capabilities provided by International HR include different functions such as keeping track of holiday time, making sure compliance, facilitating the procedure of inviting brand-new employees and bidding goodbye to departing ones, offering a safe online platform for keeping workers' files, and providing support for work allow treatments in case your workers need support because location.

HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force costs, workforce variety, total employment costs distributed per location, overall work expenses per cycle and a lot more.

Globally, I have demonstrated leadership and strategic competence in directing large-scale populations of over 100,000 workers across 170 countries. Currently, I am responsible for overseeing payroll strategies, as discussed by Mark. My role involves managing and developing external partnerships, supporting Enterprise customers, and offering advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions supplier.

As an international company, we are honored to be included on the distinguished Time 100 list of the most prominent companies worldwide. We concentrate on supplying payroll and workforce management services to employees 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, regardless of your location. It's a pleasure to meet you and thank you for your valuable time. As Ian discussed, I am Johnny Nash, the director of payments at our company. With over a decade of experience in the payments industry, I have focused on payroll and payment options for the past seven years. The complexities and challenges of this field have actually constantly captivated me.

payroll payments and chose to type of make a genuine go at that over the last five or six years where I've type of had a range of different functions on the company side and also on the vendor side from a payroll point of view so truly anticipating this conversation today um and yeah thank you very much for your time everyone all right thanks Johnny uh we'll just provide everybody another couple of uh well one of the 30 seconds or two to join all of us 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 everyone is um it's nice to to kind of like see where everyone comes from and I actually 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 raining here it's extremely extremely dreary and I want I was somewhere else at this moment in time all right so let's begin our program for today is as follows um we are going to be taking a look at the challenge years of managing Global payroll why business maintain different

Virtual payroll accounts are an option to traditional bank accounts for handling payroll payments. This is especially helpful for global organizations with dispersed and remote workforces, as it streamlines the complex procedure of cross-border payments. Instead of preserving different bank accounts for payroll in different nations, virtual accounts and digital wallets use a more streamlined solution. In this webinar, we will explore the benefits of using virtual payroll accounts and go over why they are becoming a tactical property for payroll executives. We will likewise provide a wrap-up of the main points covered and leave time for a Q&A session at the end.

Ensuring precise, efficient, and prompt payroll payments is a complex obstacle for companies running globally. Join us for a webinar to explore the benefits and disadvantages of payroll wallets versus payroll checking account, find out how business forecast payroll costs to optimize working capital, and find how enhancing worldwide payroll payments can transform them from a burdensome task into a strategic property.

Handling payroll globally is a daunting task due to various guidelines, compliance requirements, data security concerns, and banking guidelines. The large number of employees and businesses contributes to the intricacy, with an estimated 3.5 billion people in the international labor force, 500 million of whom remain in Africa, and 230 million businesses worldwide.

Conventional payroll systems typically result in manual processes, information silos, and an absence of integration, leading to inconsistencies and inadequacies. Regardless of living in an age of technological advancements, payroll management has actually been sluggish to adapt, with as much as 25% of payroll still processed manually, frequently utilizing pen and paper. This webinar objectives to offer insights and services to streamline and optimize global payroll payments.

about it to give you an idea of how far there still is to come according to Deloitte only 11 of organizations state they have Workforce data in real time that's another number that gives me sleep deprived nights and rather honestly the more an organization spends on international payroll the less of a picture they see a lack of visibility likewise reaches payroll payments and failure to properly track these payments can result in compliance incidents in the last mile of the transaction nearly half of international companies have revealed that they don't have the level of standardization they need in their procedures or want and as a result eighty percent of errors are due to time reporting bad HCM information information entry mistakes improperly interacted 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 location the average 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 all over the world payroll and payments do not run smoothly if they depend on the needed numerous procedures 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 company face when they're making payments to staff members or otherwise that's an excellent concern I constantly toss this back and state what is it what does not need to be included best and what does

it need to be thought about there's varying Bank details so the length of an eye band a swift an account number routing code per country there's payment amount of time 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 complexity anywhere you look best eventually building a knowledge base is definitely crucial however all over you look with payroll payment they are like super payments no if but some babies about it you are all superheroes processing payments for payroll if you take a look at the sort 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 absolutely fundamental and innovation is permitting us to sort of progress with that it likewise too to add to that payroll and financing require to work closer together um with varying Savings account Particulars varying banking requirements and setup processes is absolutely crucial that payroll and financing groups work better together than ever um I'm always impressed when individuals say I have actually divided payroll and payment um if you stroll down the street and asked anybody 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 often split and cut up um eventually it's payroll is an end-to-end process it's the point of information collection all the way through to paying individuals anywhere they are however also paying statutory authorities and on statutory third parties so with the

world we reside in and wellness being a growing number of important to add to type of the level of intricacy there's a growing number of benefits being organ or being offered by businesses throughout the world so once again you're simply aiming to add more and more payments to this already complex landscape so if you kind 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 genuine difficulties or genuine challenging type of pay utilizes to play to pay individuals I think yeah I imply over the last well yeah a number of decades I would certainly say that the larger a company gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the job there are groups feeding info into the next function as it were that's actually handling the payment side of things but you know in in my viewpoint and my experience that does not necessarily need to be the case you know long gone are the times where we require to produce additional handoffs while doing sos that we run in they just make them more timely they make them less efficient and they do not make them what they require to be in in an era of tech and an age that you understand that we are working in today there is no reason why we are still making this as difficult as it requires to be concurred and rightly as you said payroll is the single biggest liability that any company has from an expense perspective from an effect viewpoint on workers it is absolutely important that it's done correctly 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 detrimental impact on people's well-being and many other aspects if individuals aren't paid uh I've always been astonished entering this Market type of the last 5 to ten years is how little thanks the

The payroll group may not have been thanked for properly processing payroll during 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 important cycle, and people only see when things go wrong. However, when things go right, it's seen as simply a routine job. This is how it's perceived externally too. Therefore, it is necessary to guarantee that tasks like Wi-Fi Global and other essential matters are done properly. Using the first Worldwide Payments first payroll payment solution is a terrific initial action towards supplying a detailed payroll solution for workers worldwide. Standardization, worldwide procedures, and lowering the variety of tools, platforms, and checking account required for global payroll are key factors in attaining service success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do sometimes get a couple of grievances when things don't go as planned. Eventually, we do not do it for the gratitude.

anyhow we understand how how crucial 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 everybody that's associated with those processes and also so imagine sorry I'm simply I was simply gon na state picture the amount of thanks you got if you could cover the amount of individuals that we cover within this webinar I make certain we're discussing numerous thousands potentially Millions envision getting that lots of thank you notes um I indicate it 'd be interesting to see how many Post-it notes you got however it would absolutely be a fascinating job trying to clean all those up for sure oh absolutely I can't picture the size of my my Outlook inbox if that held true 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 get back to everyone so carrying on appearance why do companies select to main different checking account there are services out there doing exactly this for specific nations and I've worked in a service or lots of organizations doing exactly that I can say it does not always feel efficient and it does develop more work I understand we're not purposely doing that we're not producing 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 reasons one is it's the requirement I believe people have actually got so utilized to we require a brand-new checking account we open an entity and appropriately so you require 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 the people have actually adopted and continue to do over years and years passed by 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 think there's a variety I believe this is a procedure that requires taking a look at it requires changing however eventually people are really stuck to what they recognize

with right um modification is a tough thing all of us don't like modification um so I think it's simply kind of moving away from the norm as we've said so yeah so it keeps a great deal of track of stuff um I comprehend undoubtedly the benefits of having keeping several checking account however there's a big amount of intricacy opts for establishing a savings account preserving it guaranteeing it can send International transfers guaranteeing it's established with the best user accesses for individual people so the complexity is big however I think the truthful answer is change um people haven't had the ability to alter or haven't had always the knowledge to truly make that change into alternate Solutions besides opening a checking account I believe 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've always done it that way is no real reason for not taking a look at the the benefits and the possibilities of carrying on and moving into you know what might practically be figured out to be the next Century or two there is a lot to track and this method does present several difficulties um so Johnny might you inform us about those obstacles yeah of course so there's a range right there is so

I recently made a modification to our Enterprise system by transitioning to OS. As a result, we can now handle our payroll and payment tasks on one platform. It seems like our CFO has gained another CFO, and with this boosted capability, I have successfully protected payments for our 10,000 staff members worldwide. Your dedication to mastering worldwide payroll and payments utilizing Papaya payroll OS is commendable. You should have a corner workplace with a parking space that is more detailed, considering your accomplishments.

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