Find out more about Papaya Global Closes After Login ... We now have the ability to handle both our payroll and payments procedures on one merged platform. It's as if our Chief Financial Officer has actually acquired a separate Chief Financial Officer particularly dedicated to managing payments. This provides us with a safe and secure and reliable approach of making payments to our 10,000 workers worldwide.}
the very best global payroll managment app, saves me hours of time each month, one single dashboard for my payroll, EOR and professionals
Staff member Portal
Workers have access to a Worker Portal where they can view their pay slips, wage and tax statements and work files. The portal is available in numerous languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global helps business use competitive advantages plans to global staff members no matter the number of employees in the business. The business can set up health insurance, short-term and long-lasting impairment, vision, oral and maternity leave while eliminating the requirement to source regional advantages suppliers in every country, produce local accounts and have a minimum number of workers.
The HR capabilities provided by Global HR encompass various functions such as keeping an eye on getaway time, ensuring compliance, facilitating the procedure of inviting new workers and bidding goodbye to leaving ones, providing a safe online platform for storing workers' files, and supplying assistance for work permit procedures in case your employees need assistance because location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, workforce variety, total work expenses distributed per area, overall employment costs per cycle and far more.
Worldwide, I have demonstrated leadership and tactical proficiency in assisting massive populations of over 100,000 employees throughout 170 nations. Presently, I am responsible for supervising payroll techniques, as discussed by Mark. My role involves handling and developing external partnerships, supporting Business clients, and offering advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments options company.
business to make the time 100 list for a lot of influential business in the world we provide payroll payments and workforce management to all worker types in over 160 countries I am pleased to say that we also have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself naturally thank you good morning good afternoon great evening depending upon where you remain in the world it's lovely 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 market for over 10 years and particularly dealing with the payroll and payment sector for over seven years um I was amazed by the intricacy the difficulty in all of the above of
payroll payments and chose to sort of make a real go at that over the last 5 or 6 years where I've sort of had a variety of different functions on the service provider side and also on the vendor side from a payroll viewpoint so really eagerly anticipating this conversation today um and yeah thank you very much for your time everyone alright thanks Johnny uh we'll simply provide everyone another number of uh well one of the 30 seconds or two to join we all work back to back nowadays so we'll type of let them do that so it 'd be quite fascinating and I can see it going on already just to hear where everybody is um it's nice to to sort of like see where everybody comes from and I truly 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 extremely extremely bleak 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 taking a look at the challenge years of handling International payroll why companies keep separate
Virtual payroll accounts are an option to standard bank accounts for handling payroll payments. This is particularly useful for worldwide organizations with dispersed and remote labor forces, as it streamlines the complicated procedure of cross-border payments. Instead of maintaining separate savings account for payroll in various 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 go over why they are becoming a strategic possession for payroll executives. We will also supply a wrap-up of the main points covered and leave time for a Q&A session at the end.
Making sure precise, efficient, and prompt payroll payments is a complex difficulty for businesses running internationally. Join us for a webinar to explore the benefits and drawbacks of payroll wallets versus payroll savings account, learn how business anticipate payroll costs to optimize working capital, and find how simplifying international payroll payments can change them from a troublesome task into a strategic asset.
Managing payroll globally is a challenging task due to various regulations, compliance requirements, data security concerns, and banking guidelines. The large variety of employees and companies contributes to the complexity, with an estimated 3.5 billion people in the global labor force, 500 countless whom remain in Africa, and 230 million businesses worldwide.
Standard payroll systems typically result in manual procedures, data silos, and an absence of combination, causing inconsistencies and inefficiencies. In spite of living in an era 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 goals to offer insights and solutions to streamline and optimize worldwide payroll payments.
about it to give you an idea of how far there still is to come according to Deloitte just 11 of businesses say they have Labor force data in real time that's another number that offers me sleepless nights and rather frankly the more a company invests in worldwide payroll the less of a photo they see a lack of exposure also reaches payroll payments and failure to accurately track these payments can lead to compliance mishaps in the last mile of the transaction almost half of worldwide organizations have expressed that they don't have the level of standardization they need in their processes or want and as a result eighty percent of mistakes are because of time reporting poor HCM data data entry errors inadequately communicated hires and terminations as well as absence management and system setups and after that when you round it all off and the information is shipped to the wrong location the average expense of a global information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the cash all over the world payroll and payments don't run smoothly if they count on the necessary multiple 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 difficulties business face when they're paying to workers or otherwise that's a good question I always throw this back and say what is it what does not require to be consisted of 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 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 consumer's own in-country account so there's complexity wherever you look ideal eventually constructing a knowledge base is definitely vital however all over you look with payroll payment they resemble very payments no if however 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 think there's now a bit more recognition that payroll payments are definitely essential and innovation is enabling us to type of move on with that it likewise too to contribute to that payroll and finance need to work closer together um with differing Savings account Details varying banking requirements and setup procedures is absolutely imperative that payroll and financing teams work closer together than ever um I'm constantly surprised when individuals state I've split 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 computation I would say no so why do we as an industry accept that why our payroll and payments so often split and cut up um eventually it's payroll is an end-to-end procedure it's the point of information collection all the way through to paying individuals anywhere they are however likewise paying statutory authorities and on statutory 3rd parties so with the
The modern-day world puts a high worth on well-being and the payment landscape is becoming increasingly complex. Organizations are constantly introducing brand-new benefits and payment choices, which adds to the overall complexity. Big corporations often divide their payroll and payment processing into different teams, which can cause inadequacies and traffic jams. In my opinion, this does not have to hold true. In today's technically advanced era, there's no justification for keeping troublesome procedures. Payroll, the business's most significant cost, must be processed correctly and on time. Even minor hold-ups can adversely impact staff members' well-being and have far-reaching repercussions. Therefore, it's critical to prioritize precise and prompt payments.
The payroll group may not have been thanked for properly processing payroll during a webinar. If anybody has been thanked, it would be fantastic to hear their success story, whether it's from all employees or not. Payroll is a crucial cycle, and people just notice when things go wrong. Nevertheless, when things go right, it's viewed as simply a regular job. This is how it's viewed externally as well. Therefore, it is essential to make sure that jobs like Wi-Fi Global and other vital matters are done properly. Using the first Global Payments first payroll payment solution is a terrific preliminary action towards providing a thorough payroll option for employees worldwide. Standardization, global procedures, and reducing the number of tools, platforms, and checking account required for worldwide payroll are key factors in accomplishing service success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do occasionally receive a few complaints when things don't go as prepared. Eventually, we don't do it for the gratitude.
anyway 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 easy as possible for everybody that's associated with those procedures and likewise so picture sorry I'm just I was just gon na state think of the quantity of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make certain we're talking about hundreds of thousands potentially Millions imagine getting that numerous thank you keeps in mind um I indicate it 'd be interesting to see the number of Post-it notes you got but it would definitely be an interesting job trying 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 require days of the week to attempt to check out them and in fact see what was going on and type of try to get back to everyone so proceeding appearance why do companies choose to primary different bank accounts there are businesses out there doing exactly this for particular nations and I've worked in a company or many companies doing precisely that I can state it doesn't always feel effective and it does produce more work I understand we're not deliberately doing that we're not creating extra work for any person where we do not need to and anybody that's managing that procedure I 'd be interested to hear your thoughts Johnny why do you believe that we're doing that in in the in the amount that we are I believe numerous factors one is it's the standard I think people have actually got so used to we need a new bank account we open an entity and appropriately so you need it for payroll functions but there are a variety of markets where it's not a requirement so I believe it's just been the standard and the norm individuals 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 think there's a range I believe this is a procedure that requires taking a look at it needs changing but eventually individuals are very stuck with what they recognize
with ideal um change is a challenging thing all of us don't like change um so I think it's just sort of moving far from the standard as we've said so yeah so it keeps a lot of track of stuff um I understand clearly the advantages of having keeping numerous savings account however there's a huge quantity of complexity chooses setting up a checking account maintaining it ensuring it can send out International transfers ensuring it's set up with the best user accesses for specific individuals so the complexity is huge however I think the sincere response is change um people haven't had the ability to change or have not had always the understanding to truly make that change into alternate Solutions aside from opening a savings account I believe you've struck the nail on the head I believe it is understanding you know and there is an aspect of resistance to alter but we've constantly done it that way is no genuine excuse for not looking at the the advantages and the possibilities of carrying on and moving into you know what could nearly be identified to be the next Century or so there is a lot to monitor and this method does position several challenges um so Johnny could you tell us about those difficulties yeah naturally so there's a variety right there is so
I just did you switched our Enterprise to OS so now we can do our payroll and payments operation on a single platform yes it's like our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 International staff members you are worthy of a corner workplace with a closer parking space because I mastered Global payroll and payments with Papaya payroll OS did you
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