Find out more about Papaya Global Child Support ... We now have the capability to manage 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 committed to handling payments. This supplies us with a protected and dependable method of paying to our 10,000 employees worldwide.}
the BEST worldwide payroll managment app, conserves me hours of time each month, one single dashboard for my payroll, EOR and professionals
Worker Portal
Workers have access to an Employee 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 bundles to worldwide staff members no matter the number of employees in the business. The business can set up health insurance, short-term and long-term disability, vision, oral and maternity leave while eliminating the need to source local advantages service providers in every country, create regional accounts and have a minimum variety of employees.
International HR Performances
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' files and immigration services if your employees need work authorization assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force costs, workforce diversity, overall work costs distributed per area, overall employment costs per cycle and far more.
Worldwide, I have actually shown management and tactical knowledge in assisting massive populations of over 100,000 employees across 170 nations. Presently, I am responsible for supervising payroll techniques, as discussed by Mark. My role includes managing and developing external collaborations, supporting Business clients, and supplying advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions company.
As an international business, we are honored to be consisted of on the prominent Time 100 list of the most prominent 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 mentioned by Mark. Now, I'll let Johnny present himself. Good day to all, no matter your place. It's an enjoyment to meet you and thank you for your important time. As Ian pointed out, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments industry, I have focused on payroll and payment options for the past seven years. The complexities and difficulties of this field have always mesmerized me.
payroll payments and chose to sort of make a real go at that over the last five or 6 years where I have actually sort of had a range of various roles on the company side and likewise on the vendor side from a payroll perspective so actually eagerly anticipating this conversation today um and yeah thank you very much for your time everyone all right thanks Johnny uh we'll simply give everyone another couple of uh well among the 30 seconds or so to join we all work back to back nowadays so we'll type of let them do that so it 'd be rather intriguing and I can see it going on already simply to hear where everybody is um it's nice to to type of like see where everybody comes from and I really do hope it's much sunnier than it is 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 really really gloomy and I want I was elsewhere at this moment in time fine so let's get going our agenda for today is as follows um we are going to be taking a look at the difficulty years of managing Worldwide payroll why business maintain different
Virtual payroll accounts are an option to standard checking account for managing payroll payments. This is particularly beneficial for international organizations with dispersed and remote workforces, as it streamlines the intricate process of cross-border payments. Instead of keeping separate bank accounts for payroll in different nations, virtual accounts and digital wallets offer a more structured solution. In this webinar, we will check out the advantages of using virtual payroll accounts and discuss why they are ending up being a tactical property for payroll executives. We will likewise offer a recap of the bottom lines covered and leave time for a Q&A session at the end.
Guaranteeing accurate, efficient, and prompt payroll payments is a complex challenge for services operating internationally. Join us for a webinar to check out the benefits and downsides of payroll wallets versus payroll checking account, discover how companies forecast payroll expenses to enhance working capital, and find how streamlining global payroll payments can transform them from a difficult task into a strategic property.
Handling payroll globally is a daunting job due to numerous regulations, compliance requirements, data security issues, and banking guidelines. The sheer number of staff members and organizations contributes to the complexity, with an estimated 3.5 billion individuals in the global workforce, 500 countless whom remain in Africa, and 230 million businesses worldwide.
Traditional payroll systems often result in manual procedures, data silos, and an absence of integration, resulting in disparities and inefficiencies. Despite residing in an age of technological advancements, payroll management has been sluggish to adapt, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar aims to offer insights and services to streamline and enhance worldwide payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte just 11 of organizations state they have Workforce information in real time that's another number that provides me sleep deprived nights and quite frankly the more a service invests in international payroll the less of a photo they see an absence of presence likewise encompasses payroll payments and failure to precisely track these payments can lead to compliance accidents in the last mile of the deal nearly half of global businesses have actually expressed that they don't have the level of standardization they need in their processes or desire and as a result eighty percent of mistakes are because of time reporting bad HCM data information entry errors badly communicated hires and terminations along with absence management and system configurations and after that when you round all of it off and the information is shipped to the incorrect location 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 cash around the globe payroll and payments don't run efficiently if they depend on the essential multiple procedures systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the difficulties organization face when they're making payments to employees or otherwise that's an excellent question I always toss this back and say what is it what doesn't need to be included ideal and what does
it require to be thought of there's varying Bank information 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 have to pay from an in-country account do you have to pay from the customer's own in-country account so there's complexity any place you look best eventually developing a knowledge base is definitely important but everywhere you look with payroll payment they resemble super payments no if but some children 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 definitely basic and innovation is allowing us to sort of move forward with that it also too to contribute to that payroll and finance require to work closer together um with varying Checking account Particulars varying banking requirements and setup procedures is absolutely essential that payroll and financing teams work more detailed together than ever um I'm always surprised when individuals state I have actually 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 split the payroll payment from calculation 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 ultimately it's payroll is an end-to-end process it's the point of data collection all the way through to paying individuals anywhere they are however likewise paying statutory authorities and on statutory third parties so with the
world we live in and wellness being more and more essential to add to kind of the level of intricacy there's increasingly more advantages being organ or being used by services throughout the world so again you're just looking to include a growing number of payments to this already complex 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 genuine challenges or real tough kind of pay uses to play to pay individuals I believe yeah I imply over the last well yeah a couple of decades I would absolutely say that the bigger a service gets the more it tends to segregate the payroll and the payments works um there are groups doing one part of the job there are groups feeding info into the next function as it were that's really managing the payment side of things however you understand in in my viewpoint and my experience that does not necessarily require to be the case you know long gone are the times where we require to develop additional handoffs at the same times that we operate in they just make them more prompt they make them less efficient and they don't make them what they need to be in in an era of tech and an era that you understand that we are working in today there is no reason we are still making this as tough as it requires to be agreed and appropriately as you said payroll is the single biggest liability that any company has from an expense viewpoint from an effect viewpoint on workers it is absolutely important that it's done properly and on time so what we mean by that is not a day before not a day after on pay day and payments have to be done right it has the greatest destructive effect on people's wellness and numerous other factors if people aren't paid uh I've constantly been amazed entering this Market sort of the last five to ten years is how little thanks the
The payroll team might not have been thanked for correctly processing payroll throughout a webinar. If anyone has actually been thanked, it would be great to hear their success story, whether it's from all workers or not. Payroll is a crucial cycle, and individuals only notice when things fail. Nevertheless, when things go right, it's viewed as just a routine task. This is how it's perceived externally also. For that reason, it is necessary to guarantee that jobs like Wi-Fi International and other essential matters are done properly. Utilizing the very first Worldwide Payments very first payroll payment option is a terrific initial action towards supplying a thorough payroll option for staff members worldwide. Standardization, global processes, and minimizing the number of tools, platforms, and bank accounts necessary for worldwide payroll are essential factors in accomplishing service success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do periodically receive a few problems when things don't go as prepared. Eventually, we do not do it for the thankfulness.
anyway we know how how crucial 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 easy as possible for everybody that's involved in those procedures and also so think of sorry I'm just I was just gon na say picture the amount of thanks you got if you might cover the quantity of people that we cover within this webinar I make sure we're discussing numerous thousands possibly Millions envision getting that numerous thank you keeps in mind um I suggest it 'd be interesting to see how many Post-it notes you got however it would certainly be an interesting task attempting to clean up all those up for sure oh absolutely I can't think of the size of my my Outlook inbox if that was the case um you 'd require days of the week to try to look through them and actually see what was going on and kind of try to get back to everyone so proceeding appearance why do business select to main separate checking account there are services out there doing exactly this for particular countries and I've worked in an organization or lots of companies doing exactly that I can say it does not always feel efficient and it does create more work I know we're not deliberately doing that we're not creating extra work for anyone where we don't have to and anyone that's handling that procedure I 'd be interested to hear your ideas Johnny why do you believe that we're doing that in in the in the quantity that we are I think lots of reasons one is it's the requirement I think individuals have actually got so used to we require a brand-new savings account we open an entity and rightly so you need it for payroll functions however there are a variety of markets where it's not a requirement so I think it's simply been the standard and the norm the people have actually adopted and continue to do over years and years passed by to contribute to that individuals have looked at things like trust accounts and numerous other methods um to to kind of do it so I think there's a variety I believe this is a procedure that requires taking a look at it needs changing however ultimately individuals are very stuck with what they're familiar
with best um modification is a challenging thing we all don't like modification um so I think it's just type 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 undoubtedly the benefits of having preserving several savings account but there's a huge quantity of complexity chooses establishing a bank account keeping it guaranteeing it can send International transfers guaranteeing it's set up with the right user accesses for individual individuals so the intricacy is big but I think the honest response is change um people have not had the ability to change or have not had always the knowledge to really make that change into alternate Solutions aside from opening a checking account I believe you have actually struck the nail on the head I believe it is understanding you understand and there is an element of resistance to alter but we've always done it that way is no real excuse for not looking at the the advantages and the possibilities of carrying on and moving into you know what might nearly be figured out to be the next Century or two there is a lot to monitor and this technique does pose several obstacles um so Johnny might you inform us about those obstacles yeah naturally so there's a range right there is so
I just recently made a change to our Business 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 gained another CFO, and with this improved capability, I have successfully secured payments for our 10,000 workers worldwide. Your commitment to mastering global payroll and payments using Papaya payroll OS is commendable. You are worthy of a corner workplace with a parking space that is closer, considering your accomplishments.
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