Find out more about Papaya Global Closing Down ... We now have the capability to handle both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has actually acquired a separate Chief Financial Officer specifically committed to managing payments. This offers us with a secure and trustworthy approach of paying to our 10,000 workers worldwide.}
the BEST international payroll managment app, saves me hours of time on a monthly basis, one single dashboard for my payroll, EOR and contractors
Staff member Portal
Staff members have access to an Employee Website where they can see their pay slips, wage and tax statements and employment files. The website is available in numerous languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global assists companies use competitive benefits packages to international workers despite the number of staff members in the business. The company can set up health insurance, short-term and long-lasting special needs, vision, oral and maternity leave while getting rid of the need to source regional advantages suppliers in every country, create regional accounts and have a minimum variety of workers.
Worldwide HR Performances
's HR functionalities consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and immigration services if your employees need work permit support.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, workforce variety, total work expenses distributed per place, total employment costs per cycle and a lot more.
environments around the world I offered management and technique to populations of over a hundred thousand staff members in more than 170 nations today I'm the payroll methods for as Mark said I work across business managing and structure external relationships supporting Enterprise customers and services in addition to serving as a consultant for those of you that do not understand who papaya Global is papaya is the very first payroll and payments
As an international company, we are honored to be included on the prominent Time 100 list of the most prominent business worldwide. We specialize in providing payroll and workforce management services to staff members in more than 160 nations. 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 location. It's an enjoyment to fulfill you and thank you for your valuable 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 actually focused on payroll and payment options for the past seven years. The complexities and difficulties of this field have constantly captivated me.
payroll payments and decided to type of make a genuine go at that over the last 5 or six years where I've type of had a range of various roles on the company side and also on the supplier side from a payroll perspective so truly looking forward to this discussion today um and yeah thank you very much for your time everyone fine thanks Johnny uh we'll just offer everybody another number of uh well one of the 30 seconds or two to join all of us work back to back these days so we'll kind of let them do that so it 'd be quite fascinating and I can see it going on currently 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 certainly not the peak of the sunshine is it it's not no it's it's raining here it's very really bleak and I wish I was elsewhere at this moment in time all right so let's begin our agenda for today is as follows um we are going to be looking at the challenge years of managing International payroll why companies keep separate
Virtual payroll accounts are an option to traditional checking account for handling payroll payments. This is particularly beneficial for worldwide companies with dispersed and remote labor forces, as it simplifies the complex process of cross-border payments. Instead of maintaining different checking account for payroll in various countries, virtual accounts and digital wallets provide a more structured solution. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are becoming a tactical property for payroll executives. We will also supply a recap 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 challenge for companies running worldwide. Join us for a webinar to explore the advantages and disadvantages of payroll wallets versus payroll savings account, learn how companies forecast payroll expenses to optimize working capital, and find how improving global payroll payments can change them from a burdensome job into a strategic property.
Handling payroll worldwide is a complicated job due to various guidelines, compliance requirements, data security issues, and banking rules. The large variety of staff members and organizations adds to the intricacy, with an approximated 3.5 billion individuals in the global labor force, 500 million of whom remain in Africa, and 230 million services worldwide.
Traditional payroll systems frequently lead to manual processes, information silos, and an absence of integration, leading to disparities and ineffectiveness. In spite of residing in a period of technological improvements, payroll management has been slow to adapt, with as much as 25% of payroll still processed manually, often utilizing pen and paper. This webinar aims to supply insights and solutions 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 services say they have Workforce data in real time that's another number that provides me sleep deprived nights and quite frankly the more a business spends on global payroll the less of an image they see a lack of visibility likewise reaches payroll payments and failure to accurately track these payments can result in compliance incidents in the last mile of the deal almost half of worldwide companies have actually revealed 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 bad HCM data data entry mistakes inadequately communicated hires and terminations in addition to lack management and system setups and after that when you round everything off and the information is shipped to the wrong place the typical expense of an international information breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash worldwide payroll and payments don't run efficiently if they count on the needed several procedures systems and partners it is just not possible so Johnny from a payments point of view and in your experience what else needs to be factored into the obstacles service face when they're paying to employees or otherwise that's an excellent concern I always throw this back and state what is it what doesn't need to be included right and what does
it need to be thought of there's varying Bank details so the length of an eye band a swift an account number routing code per nation there's payment timespan there's payment abilities 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 best eventually developing a knowledge base is definitely critical but everywhere you look with payroll payment they are like extremely payments no if but some children about it you are all superheroes processing payments for payroll if you look at the type of link between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are definitely essential and innovation is allowing us to sort of move forward with that it also also to contribute to that payroll and finance need to work closer together um with differing Bank Account Particulars differing banking requirements and setup processes is definitely imperative that payroll and financing groups work closer together than ever um I'm constantly astonished when people say I have actually split 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 calculation I would say no so why do we as an industry accept that why our payroll and payments so typically split and cut up um eventually it's payroll is an end-to-end process it's the point of data collection all the way through to paying individuals wherever they are however also paying statutory authorities and on statutory third parties so with the
The modern world places a high worth on wellness and the settlement landscape is ending up being significantly detailed. Organizations are constantly introducing brand-new advantages and payment options, which adds to the general intricacy. Big corporations typically divide their payroll and payment processing into separate teams, which can cause ineffectiveness and bottlenecks. In my viewpoint, this does not need to hold true. In today's technologically innovative era, there's no reason for keeping troublesome treatments. Payroll, the company's greatest expense, must be processed correctly and on time. Even minor delays can negatively affect staff members' wellness and have significant consequences. Therefore, it's critical to focus on precise and timely payments.
The payroll team may not have actually been thanked for correctly processing payroll during 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 see when things fail. Nevertheless, when things go right, it's viewed as simply a regular job. This is how it's perceived externally also. Therefore, it is necessary to make sure that tasks like Wi-Fi Worldwide and other essential matters are done properly. Utilizing the very first Worldwide Payments very first payroll payment service is a great initial action towards supplying a thorough payroll solution for staff members worldwide. Standardization, global procedures, and reducing the number of tools, platforms, and savings account required for international payroll are essential consider accomplishing company success. While we do not anticipate a hundred thousand thank yous within a payroll cycle, we do periodically get a few grievances when things don't go as planned. Ultimately, we don't do it for the thankfulness.
anyhow we know how how essential 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 easy as possible for everybody that's involved in those processes and likewise so imagine sorry I'm just I was simply gon na state think of the amount of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make sure we're talking about numerous thousands possibly Millions envision getting that lots of thank you notes um I suggest it 'd be interesting to see the number of Post-it notes you got but it would definitely be a fascinating task trying to clean all those up for sure oh definitely I can't picture the size of my my Outlook inbox if that was the case um you 'd require days of the week to attempt to browse them and in fact see what was going on and kind of shot to get back to everyone so proceeding look why do companies select to main different checking account there are services out there doing precisely this for specific countries and I've worked in a business or numerous businesses doing precisely that I can state it does not constantly feel effective and it does develop more work I know we're not intentionally doing that we're not producing additional work for anybody where we do not have to and anyone that's dealing with that process I 'd be interested to hear your ideas Johnny why do you think that we're doing that in in the in the quantity that we are I think many factors one is it's the requirement I believe people have got so utilized to we require a new bank account we open an entity and rightly so you need it for payroll purposes however there are a variety of markets where it's not a requirement so I think it's just been the standard and the norm the people have adopted and continue to do over years and years gone past to add to that people have actually looked at things like trust accounts and many other methods um to to type of do it so I believe there's a variety I believe this is a procedure that needs taking a look at it requires changing but eventually people are extremely stuck with what they recognize
with ideal um change is a hard thing all of us don't like modification um so I believe it's just sort of moving away from the standard as we've said so yeah so it keeps a great deal of track of things um I comprehend obviously the advantages of having maintaining multiple checking account however there's a substantial quantity of complexity chooses establishing a checking account preserving it guaranteeing it can send out International transfers guaranteeing it's established with the right user accesses for private people so the complexity is huge however I believe the sincere response is modification um individuals haven't had the ability to alter or have not had always the knowledge to really make that change into alternate Solutions besides opening a savings account I think you have actually hit the nail on the head I believe it is understanding you understand and there is an aspect of resistance to alter but we've always done it that way is no real reason for not taking a look at the the advantages and the possibilities of proceeding and moving into you understand what could nearly be figured out to be the next Century approximately there is a lot to keep an eye on and this approach does posture several obstacles um so Johnny could you inform us about those difficulties yeah obviously so there's a variety right there is so
I recently made a modification to our Business system by transitioning to OS. As a result, we can now manage our payroll and payment jobs on one platform. It seems like our CFO has gotten another CFO, and with this enhanced ability, I have effectively protected payments for our 10,000 workers worldwide. Your devotion to mastering international payroll and payments using Papaya payroll OS is commendable. You should have a corner workplace with a parking space that is better, considering your accomplishments.
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