Find out more about Papaya Global Autoupdateclient.Exe Not Found ... We now have the ability to manage both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has acquired a separate Chief Financial Officer specifically devoted to managing payments. This offers us with a safe and secure and reputable method of paying to our 10,000 staff members worldwide.}
the very best worldwide payroll managment app, conserves me hours of time monthly, one single control panel for my payroll, EOR and professionals
The Worker Portal offers staff members with the ability to access and view essential files such as pay slips, wage and tax statements, and work records. This website is accessible on both desktop and mobile phones and is provided in various languages.
Advantages Administration
Papaya Global assists companies provide competitive benefits plans to international staff members no matter the variety of workers in the company. The company can establish medical insurance, short-term and long-lasting impairment, vision, oral and maternity leave while getting rid of the need to source local advantages service providers in every nation, create regional accounts and have a minimum number of staff members.
The HR abilities provided by Global HR incorporate numerous functions such as monitoring vacation time, guaranteeing compliance, helping with the process of welcoming new staff members and bidding goodbye to leaving ones, using a secure online platform for storing workers' files, and supplying support for work allow treatments in case your staff members need help in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce costs, workforce variety, total work costs distributed per area, overall employment costs per cycle and much more.
Globally, I have demonstrated leadership and tactical know-how in guiding large-scale populations of over 100,000 staff members across 170 nations. Presently, I are accountable for overseeing payroll methods, as pointed out by Mark. My role involves managing and establishing external partnerships, supporting Enterprise clients, and offering advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments services company.
As an international business, we are honored to be consisted of on the distinguished Time 100 list of the most prominent companies worldwide. We focus on providing payroll and labor force management services to staff members in more than 160 countries. I am delighted to present Johnny Nash, as pointed out by Mark. Now, I'll let Johnny present himself. Good day to all, despite your area. It's a satisfaction to satisfy you and thank you for your important time. As Ian discussed, I am Johnny Nash, the director of payments at our company. With over a decade of experience in the payments market, I have actually concentrated on payroll and payment solutions for the past seven years. The intricacies and challenges of this field have constantly captivated me.
payroll payments and decided to type of make a real go at that over the last 5 or 6 years where I've kind of had a range of different functions on the company side and also on the vendor side from a payroll point of view so really eagerly anticipating this discussion today um and yeah thank you very much for your time everyone fine thanks Johnny uh we'll just provide everybody another couple of uh well one of the 30 seconds approximately to join all of us work back to back these days so we'll type 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 sort 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 very dreary and I want I was somewhere else at this moment in time okay so let's get going our program for today is as follows um we are going to be looking at the challenge years of managing Worldwide payroll why business maintain different
Virtual payroll accounts are an option to conventional savings account for managing payroll payments. This is particularly beneficial for international organizations with dispersed and remote workforces, as it streamlines the complex procedure of cross-border payments. Instead of maintaining different bank accounts for payroll in different countries, virtual accounts and digital wallets offer a more structured solution. In this webinar, we will explore the benefits of using virtual payroll accounts and talk about why they are ending up being a strategic 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.
making payroll payments precisely efficiently safely and on time during this webinar we'll walk you through the international pros and cons of a payroll wallet versus a payroll checking account how companies properly anticipate their payroll costs to increase working capital and how improving Worldwide payroll payments can turn them from a siled pane into a tactical possession so payroll can be challenging in sufficient in one country but when you're doing it internationally it's next level and Beyond it becomes complex for a variety of factors most notably guidelines compliance information security and banking guidelines then there are the sheer numbers they include more complexity the international Labor force is currently 3 and a half billion individuals by 2030 it's approximated that in Africa alone they will contribute and more 1.1 billion people that number is currently 500 million just for for a scale then consider that there are some 230 million organizations and growing all doing their own thing around the globe in the traditional payroll model there's often a frustrating number of different systems causing lengthy manual procedures and silos the number of Integrations could be non-existent in large amounts and or extremely very fundamental there's no genuine consistency structure we're living in an era of tech but payroll has actually been sluggish to get on board in fact as much as 25 of payroll is still done by hand frequently with pen and paper which just blows my mind whenever I I believe
about it to offer you an idea of how far there still is to come according to Deloitte just 11 of companies say they have Labor force data in real time that's another number that offers me sleep deprived nights and rather frankly the more a service spends on global payroll the less of a picture they see an absence of exposure also reaches payroll payments and failure to precisely track these payments can lead to compliance mishaps in the last mile of the transaction nearly half of global businesses have revealed that they do not have the level of standardization they need in their procedures or want and as a result eighty percent of errors are because of time reporting poor HCM data data entry errors inadequately communicated hires and terminations along with absence management and system configurations and after that when you round everything off and the information is delivered to the incorrect place the typical expense of a global information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the money all over the world payroll and payments don't run smoothly if they depend on the needed numerous procedures systems and partners it is just not possible so Johnny from a payments point of view and in your experience what else requires to be factored into the challenges organization face when they're paying to employees or otherwise that's a great question I always toss this back and state what is it what does not need to be included ideal and what does
it require to be considered there's differing 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 need to pay from an in-country account do you have to pay from the client's own in-country account so there's complexity anywhere you look right ultimately constructing a knowledge base is definitely critical but all over you look with payroll payment they are like incredibly payments no if however some babies about it you are all superheroes processing payments for payroll if you take a look at the type 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 essential and technology is permitting us to type of progress with that it also too to add to that payroll and financing need to work closer together um with varying Savings account Details differing banking requirements and setup procedures is definitely vital that payroll and financing teams work more detailed together than ever um I'm constantly surprised when individuals say I've divided payroll and payment um if you walk down the street and asked anybody what is payroll who does not operate in the payroll profession would they divide the payroll payment from calculation 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 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 increasingly more essential to contribute to kind of the level of intricacy there's more and more benefits being organ or being offered by services throughout the world so again you're just seeking to include a growing number of payments to this currently intricate landscape so if you sort of got any experience well I'm from your large experience here and I'm sure but have you got any experience in kind of real obstacles or genuine challenging sort of pay utilizes to play to pay individuals I believe yeah I imply over the last well yeah a couple of years I would certainly say that the bigger a service gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the task there are groups feeding information into the next function as it were that's in fact managing the payment side of things however you know in in my opinion and my experience that doesn't necessarily need to be the case you understand long gone are the times where we require to produce additional handoffs at the same times that we run in they simply make them more timely they make them less effective and they do not make them what they need 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 rightly as you stated payroll is the single biggest liability that any business has from an expense perspective from an effect viewpoint on employees it is definitely vital that it's done properly 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 most significant destructive result on people's wellness and lots of other factors if people aren't paid uh I have actually always been astonished coming into this Market sort of the last 5 to ten years is how little thanks the
payroll group get um so I'm unsure anyone on this type of webinar has actually been told thank you for processing my payroll properly if you have it 'd be fantastic to hear your success story and whether that's been from all employees or not um however eventually payroll is such an important cycle all of us find out about it when it goes wrong everybody jumps up and down when it goes wrong but when it goes right it's simply a tick box workout and I believe that's how it's seen from the external consider as well um so yeah it's also 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 very first payroll payment service is a terrific primary step um offering an end-to-end payroll service for your employees internationally again I think is another huge um process once again lining up and guaranteeing you have standardization Global processes all of those things are absolutely key to success success of companies and reducing the number of tools platforms and bank accounts they require for their Global payroll too could not agree with you more and on the the front in regards to of the thank yous for getting payroll done I've never had a hundred countless 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 complaints where things haven't gone quite where they're implied to be um I don't think any of us are in fact doing that for for the thanks
anyhow we understand how how important a function 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 involved in those procedures and also so envision sorry I'm simply I was just gon na state think of the amount of thanks you got if you might cover the amount of people that we cover within this webinar I make certain we're discussing numerous thousands potentially Millions think of getting that many thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got however it would certainly be a fascinating job attempting to clean up all those up for sure oh definitely I can't think of the size of my my Outlook inbox if that was the case um you 'd need days of the week to try to look through them and in fact see what was going on and sort of try to return to everybody so proceeding look why do companies pick to primary separate checking account there are organizations out there doing precisely this for specific countries and I've operated in a company or numerous organizations doing exactly that I can state it doesn't always feel efficient and it does create more work I know we're not purposely doing that we're not developing extra work for anyone where we do not need to and any person that's handling 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 quantity that we are I think numerous factors one is it's the requirement I believe individuals have got so utilized to we require a new savings account we open an entity and rightly so you require it for payroll purposes however there are a variety of markets where it's not a requirement so I believe it's simply been the standard and the standard individuals have actually adopted and continue to do over years and years passed by to add to that individuals have looked at things like trust accounts and numerous other methods um to to type of do it so I think there's a variety I believe this is a process that needs taking a look at it needs altering however eventually people are very stuck to what they recognize
with right um change is a hard thing all of us do not like modification um so I think it's simply sort of moving away from the standard as we have actually said so yeah so it keeps a lot of track of stuff um I understand undoubtedly the benefits of having preserving multiple checking account however there's a substantial quantity of intricacy chooses establishing a bank account keeping it ensuring it can send out International transfers guaranteeing it's set up with the best user accesses for individual people so the intricacy is huge but I believe the sincere answer is change um individuals haven't had the ability to alter or have not had always the understanding to really make that change into alternate Solutions other than opening a savings account I believe you've hit the nail on the head I believe it is understanding you understand and there is an aspect of resistance to alter but we have actually always done it that way is no genuine excuse for not taking a look 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 approach does pose numerous challenges um so Johnny could you inform us about those difficulties yeah naturally so there's a range right there is so
I simply did you changed our Enterprise 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 staff members you are worthy of a corner office with a closer parking space because I mastered Global payroll and payments with Papaya payroll OS did you
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