Find out more about Papaya Global Apprenticeship Levy Nominal Link ... We now have the ability to handle both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has obtained a different Chief Financial Officer specifically dedicated to managing payments. This provides us with a safe and secure and reputable approach of making payments to our 10,000 employees worldwide.}
the very best worldwide payroll managment app, conserves me hours of time every month, one single control panel for my payroll, EOR and professionals
Staff member Portal
Employees have access to a Worker Website where they can view their pay slips, wage and tax declarations and work files. The portal is readily available in several languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global assists companies provide competitive benefits packages to international employees regardless of the variety of staff members in the company. The company can set up health insurance, short-term and long-lasting disability, vision, oral and maternity leave while eliminating the need to source local benefits suppliers in every country, produce regional accounts and have a minimum number of staff members.
Worldwide HR Functionalities
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and immigration services if your workers require work permit support.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force spending, labor force diversity, overall employment costs distributed per location, total employment costs per cycle and much more.
Internationally, I have shown leadership and tactical proficiency in directing large-scale populations of over 100,000 staff members throughout 170 nations. Presently, I are accountable for overseeing payroll strategies, as pointed out by Mark. My role includes handling and developing external partnerships, supporting Enterprise customers, and providing advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services supplier.
company to make the time 100 list for many prominent companies in the world we provide payroll payments and workforce management to all staff member key ins over 160 nations I am pleased to state that we likewise have as Mark said Johnny Nash with us today Johnny would you like to introduce yourself obviously thank you good morning excellent afternoon good night depending on where you are in the world it's beautiful to meet you and thank you very much for your time as Ian said my name is Johnny Nash and I'm the payments director here at um I've remained in the payments industry for over ten years and specifically working on the payroll and payment sector for over 7 years um I was interested by the complexity the problem in all of the above of
payroll payments and chose to kind of make a genuine go at that over the last five or six years where I have actually sort of had a variety of different functions on the service provider side and likewise on the supplier side from a payroll point of view so actually eagerly anticipating this conversation today um and yeah thank you quite for your time everybody okay thanks Johnny uh we'll simply offer everybody another number of uh well one of the 30 seconds or two to join all of us work back to back nowadays so we'll sort of let them do that so it 'd be quite intriguing and I can see it going on currently simply to hear where everybody is um it's nice to to kind of like see where everybody comes from and I actually do hope it's much sunnier than it remains in the UK today certainly not the peak of the sunshine is it it's not no it's it's raining here it's really very bleak and I want I was elsewhere at this moment in time okay so let's start our program for today is as follows um we are going to be looking at the challenge years of managing International payroll why business preserve different
Virtual payroll accounts are an alternative to traditional savings account for managing payroll payments. This is particularly beneficial for international organizations with dispersed and remote workforces, as it simplifies the intricate process of cross-border payments. Instead of preserving different checking account for payroll in various countries, virtual accounts and digital wallets offer a more streamlined option. In this webinar, we will check out the advantages of using virtual payroll accounts and talk about why they are ending up being a tactical property for payroll executives. We will also provide a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
Ensuring accurate, effective, and timely payroll payments is a complex challenge for companies running globally. Join us for a webinar to explore the benefits and drawbacks of payroll wallets versus payroll savings account, find out how companies forecast payroll expenses to enhance working capital, and discover how enhancing international payroll payments can change them from a troublesome job into a tactical possession.
Managing payroll globally is an overwhelming job due to numerous guidelines, compliance requirements, data security issues, and banking guidelines. The sheer number of staff members and companies contributes to the intricacy, with an estimated 3.5 billion people in the global workforce, 500 countless whom are in Africa, and 230 million services worldwide.
Traditional payroll systems frequently result in manual procedures, data silos, and a lack of combination, leading to disparities and inefficiencies. Regardless of residing in an age of technological advancements, payroll management has actually been slow to adapt, with as much as 25% of payroll still processed by hand, typically utilizing pen and paper. This webinar objectives to offer insights and solutions to simplify and optimize worldwide payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte only 11 of businesses say they have Labor force data in real time that's another number that gives me sleepless nights and quite honestly the more a business invests in international payroll the less of a photo they see an absence of presence also extends to payroll payments and inability to properly track these payments can result in compliance accidents in the last mile of the deal nearly half of global businesses have actually revealed that they do not have the level of standardization they require in their processes or want and as a result eighty percent of errors are because of time reporting poor HCM information information entry errors inadequately communicated hires and terminations along with lack management and system setups and after that when you round all of it off and the data is shipped to the wrong place the typical expense of a worldwide data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still require to move the cash worldwide payroll and payments don't run smoothly if they rely 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 organization face when they're paying to workers or otherwise that's an excellent question I constantly toss this back and say what is it what does not require to be included ideal and what does
it require to be thought about there's differing Bank details 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 wherever you look right eventually constructing a knowledge base is definitely crucial however all over you look with payroll payment they resemble extremely payments no if but some infants about it you are all superheroes processing payments for payroll if you look at the sort of link in between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are definitely basic and technology is permitting us to kind of move on with that it likewise also to contribute to that payroll and financing require to work closer together um with differing Checking account Details differing banking requirements and setup processes is definitely necessary that payroll and financing groups work closer together than ever um I'm always astonished when individuals say I've divided payroll and payment um if you walk down the street and asked anyone what is payroll who does not operate in the payroll occupation would they divide the payroll payment from computation I would say no so why do we as an industry accept that why our payroll and payments so frequently split and cut up um ultimately it's payroll is an end-to-end procedure it's the point of data collection all the way through to paying individuals anywhere they are but also paying statutory authorities and on statutory 3rd parties so with the
The contemporary world puts a high worth on well-being and the settlement landscape is ending up being increasingly complex. Organizations are continuously presenting brand-new benefits and payment alternatives, which contributes to the general complexity. Large corporations frequently divide their payroll and payment processing into different groups, which can cause inadequacies and bottlenecks. In my viewpoint, this doesn't need to be the case. In today's highly advanced age, there's no justification for preserving cumbersome procedures. Payroll, the business's biggest expense, need to be processed correctly and on time. Even minor delays can adversely impact employees' well-being and have significant repercussions. Therefore, it's vital to focus on accurate and timely payments.
payroll group get um so I'm unsure anyone on this type of webinar has been told 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 employees or not um but ultimately payroll is such an important cycle we all become aware of it when it fails everyone jumps up and down when it fails however when it goes right it's simply a tick box workout and I believe that's how it's seen from the external deem well um so yeah it's likewise like why WI-Fi Global why all of this things is absolutely vital that all of this things is done correctly so leveraging the first Global Payments first payroll payment solution is an excellent initial step um offering an end-to-end payroll service for your employees internationally once again I think is another huge um process once again lining up and guaranteeing you have standardization International processes all of those things are absolutely essential to success success of businesses and lowering the variety 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 regards to of the thank yous for getting payroll done I have actually never had a hundred thousand of them within a payroll cycle don't expect to you do get the odd five or ten or whatever it might be with the with the the complaints where things have not gone rather where they're indicated to be um I do not think any of us are in fact doing that for for the thanks
anyhow we know how how important 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 simple as possible for everyone that's associated with those processes and likewise so picture 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 picture getting that many thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got but it would absolutely be an intriguing task attempting to clean all those up for sure oh definitely I can't envision the size of my my Outlook inbox if that was the case um you 'd need days of the week to attempt to check out them and in fact see what was going on and type of shot to get back to everybody so proceeding appearance why do companies pick to main different checking account there are businesses out there doing precisely this for particular nations and I've worked in a service or numerous services doing precisely that I can state it doesn't constantly feel effective and it does create more work I know we're not deliberately doing that we're not developing additional work for anyone where we don't need to and anybody that's handling that process I 'd be interested to hear your thoughts Johnny why do you think that we're doing that in in the in the quantity that we are I think numerous reasons one is it's the standard I think individuals have actually got so utilized to we need a brand-new bank 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 think it's simply been the standard and the norm individuals have adopted and continue to do over years and years gone past to add to that people have looked at things like trust accounts and many other ways um to to kind of do it so I think there's a range I believe this is a process that needs looking at it requires altering but eventually individuals are very stuck with what they're familiar
with right um modification is a challenging thing all of us do not like modification um so I believe it's simply type of moving away from the norm as we've said so yeah so it keeps a lot of track of stuff um I comprehend obviously the advantages of having keeping numerous checking account however there's a substantial quantity of intricacy goes with setting up a bank account preserving it ensuring it can send out International transfers ensuring it's set up with the best user accesses for private people so the intricacy is big but I think the sincere answer is change um individuals have not been able to alter or have not had necessarily the understanding to actually make that change into alternate Solutions besides opening a checking account I think you've struck the nail on the head I believe it is understanding you know and there is an element of resistance to alter however we've constantly done it that way is no real excuse for not taking a look at the the advantages and the possibilities of carrying on and moving into you know what might nearly be determined to be the next Century or two there is a lot to keep track of and this technique does pose several difficulties um so Johnny could you inform us about those obstacles yeah obviously so there's a variety right there is so
I recently made a change to our Business system by transitioning to OS. As a result, we can now handle our payroll and payment tasks on one platform. It feels like our CFO has gotten another CFO, and with this improved capability, I have effectively secured payments for our 10,000 workers worldwide. Your devotion to mastering worldwide payroll and payments utilizing Papaya payroll OS is good. You should have a corner workplace with a parking space that is more detailed, considering your accomplishments.
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