Find out more about Papaya Global Cloud Reports Not Working ... We now have the capability to manage 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 trusted approach of making payments to our 10,000 staff members worldwide.}
the very best global payroll managment app, saves me hours of time on a monthly basis, one single control panel for my payroll, EOR and professionals
Staff member Website
Employees have access to an Employee Portal where they can see their pay slips, wage and tax statements and employment files. The website is readily available in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global assists companies provide competitive benefits packages to international workers despite the number of staff members in the business. The business can establish health insurance, short-term and long-lasting special needs, vision, dental and maternity leave while removing the need to source regional advantages suppliers in every country, develop regional accounts and have a minimum number of employees.
International HR Functionalities
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' files and migration services if your staff members need work authorization assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce spending, workforce diversity, overall employment expenses distributed per place, total work expenses per cycle and far more.
Internationally, I have demonstrated management and strategic knowledge in assisting massive populations of over 100,000 employees across 170 countries. Presently, I are accountable for supervising payroll methods, as mentioned by Mark. My role includes managing and developing external collaborations, supporting Business clients, and offering advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments services provider.
As a global business, we are honored to be consisted of on the distinguished Time 100 list of the most prominent companies worldwide. We focus on supplying payroll and workforce management services to employees in more than 160 countries. I am delighted to introduce Johnny Nash, as pointed out by Mark. Now, I'll let Johnny present himself. Good day to all, no matter your location. It's a satisfaction to meet you and thank you for your important time. As Ian discussed, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments industry, I have actually concentrated on payroll and payment services for the past 7 years. The complexities and challenges of this field have constantly mesmerized me.
payroll payments and decided to sort of make a real go at that over the last 5 or six years where I have actually kind of had a range of different functions on the supplier side and likewise on the vendor side from a payroll perspective so truly anticipating this conversation today um and yeah thank you quite for your time everyone okay thanks Johnny uh we'll simply provide everyone another number of uh well one of the 30 seconds approximately to join we all work back to back nowadays so we'll sort of let them do that so it 'd be rather 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 everybody comes from and I actually do hope it's much sunnier than it is in the UK today certainly not the peak of the sunlight is it it's not no it's it's raining here it's really very bleak and I want I was somewhere else at this moment in time okay so let's begin our program 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 separate
Virtual payroll accounts are an alternative to standard savings account for handling payroll payments. This is particularly useful for global companies with dispersed and remote labor forces, as it simplifies the intricate process of cross-border payments. Instead of preserving separate savings account for payroll in different nations, virtual accounts and digital wallets offer a more structured solution. In this webinar, we will explore the advantages of using virtual payroll accounts and go over why they are ending up being a tactical possession for payroll executives. We will likewise offer a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments properly effectively safely and on time during this webinar we'll stroll you through the international advantages and disadvantages of a payroll wallet versus a payroll bank account how companies precisely forecast their payroll costs to increase working capital and how streamlining Global payroll payments can turn them from a siled pane into a strategic property so payroll can be tough in adequate in one nation but when you're doing it worldwide it's next level and Beyond it ends up being intricate for a range of reasons most significantly guidelines compliance data security and banking rules then there are the large numbers they add more intricacy the international Workforce is currently three and a half billion individuals by 2030 it's estimated that in Africa alone they will contribute and more 1.1 billion individuals that number is currently 500 million just for for a scale then consider that there are some 230 million companies and growing all doing their own thing around the globe in the conventional payroll model there's often an overwhelming variety of different systems resulting in time-consuming manual processes and silos the number of Integrations could be non-existent in big amounts and or really really basic there's no real consistency framework we're living in an age of tech however payroll has actually been sluggish to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper which just blows my mind every time I I think
about it to give you an idea of how far there still is to come according to Deloitte only 11 of companies state they have Labor force data in real time that's another number that offers me sleep deprived nights and rather honestly the more an organization invests in international payroll the less of a picture they see an absence of exposure likewise encompasses payroll payments and inability to properly track these payments can cause compliance mishaps in the last mile of the deal almost half of international organizations have actually expressed that they don't have the level of standardization they require in their processes or desire and as a result eighty percent of errors are due to time reporting bad HCM information information entry mistakes badly interacted hires and terminations along with absence management and system setups and then when you round it all off and the data is delivered to the wrong location the typical cost 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 around the world payroll and payments do not run efficiently if they depend on the necessary multiple processes systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the challenges company face when they're paying to staff members or otherwise that's a good question I constantly throw this back and say what is it what does not require to be consisted of ideal 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 country there's payment time frames there's payment abilities 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 consumer's own in-country account so there's complexity any place you look right ultimately building a knowledge base is absolutely crucial but all over you look with payroll payment they resemble very payments no if but some children 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 innovation is enabling us to sort of progress with that it likewise as well to add to that payroll and finance need to work closer together um with differing Bank Account Particulars varying banking requirements and setup procedures is absolutely imperative that payroll and financing groups work closer together than ever um I'm always 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 an industry 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 data collection all the way through to paying people anywhere they are but also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and well-being being a growing number of essential to add to type of the level of intricacy there's a growing number of advantages being organ or being offered by organizations across the world so again you're simply aiming to add increasingly more payments to this already intricate landscape so if you sort of got any experience well I'm from your huge experience here and I'm sure but have you got any experience in kind of genuine difficulties or real challenging kind of pay uses to play to pay individuals I believe yeah I suggest over the last well yeah a number of decades I would definitely say that the larger a business gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the job there are groups feeding information into the next function as it were that's really managing the payment side of things but you know in in my viewpoint and my experience that does not 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 operate in they just make them more prompt they make them less efficient and they do not make them what they need to be in in a period of tech and a period that you know that we are operating in today there is no reason why we are still making this as difficult as it needs to be agreed and rightly as you said payroll is the single greatest liability that any organization has from an expense point of view from an effect point of view on workers it is absolutely vital 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 detrimental result on people's well-being and many other aspects if individuals aren't paid uh I have actually always been astonished entering this Market kind of the last 5 to ten years is how little thanks the
The payroll team may not have actually been thanked for properly processing payroll during a webinar. If anyone has been thanked, it would be fantastic to hear their success story, whether it's from all workers or not. Payroll is an essential cycle, and individuals just notice when things fail. Nevertheless, when things go right, it's seen as just a regular task. This is how it's viewed externally also. Therefore, it is essential to make sure that tasks like Wi-Fi International and other essential matters are done properly. Utilizing the first International Payments first payroll payment service is a terrific preliminary action towards providing a comprehensive payroll option for workers worldwide. Standardization, global procedures, and lowering the variety of tools, platforms, and savings account needed for worldwide payroll are crucial factors in achieving service success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do sometimes get a few grievances when things don't go as planned. Eventually, we don't do it for the appreciation.
anyhow we understand 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 simple as possible for everyone that's involved in those procedures and likewise so think of sorry I'm simply I was simply gon na state envision the quantity of thanks you got if you could cover the amount of people that we cover within this webinar I make certain we're talking about hundreds of thousands potentially Millions picture getting that many thank you notes um I imply it 'd be interesting to see the number of Post-it notes you got however it would certainly be an interesting job attempting to clean all those up for sure oh absolutely 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 try to look through them and in fact see what was going on and kind of shot to get back to everybody so carrying on appearance why do companies select to primary different bank accounts there are companies out there doing precisely this for specific countries and I have actually worked in a company or numerous services doing precisely that I can say it does not always feel efficient and it does produce more work I know we're not intentionally doing that we're not creating extra work for anyone where we do not need to and anybody that's dealing with that process 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 lots of factors one is it's the standard I believe individuals have got so utilized to we require a new savings account we open an entity and rightly 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 requirement and the standard individuals have adopted and continue to do over years and years gone past to contribute to that people have taken a look at things like trust accounts and many other methods um to to type of do it so I think there's a range I believe this is a process that needs looking at it needs altering but eventually people are extremely stuck with what they're familiar
with right um modification is a challenging thing all of us do not like change um so I think it's just 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 clearly the advantages of having maintaining numerous checking account but there's a substantial amount of intricacy goes with setting up a checking account keeping it ensuring it can send International transfers ensuring it's established with the right user accesses for individual individuals so the complexity is big but I think the truthful response is change um people have not had the ability to change or haven't had always the understanding to actually make that change into alternate Solutions other than opening a checking account I believe you've hit the nail on the head I think it is understanding you know and there is an element of resistance to alter however we have actually always done it that way is no real excuse for not taking a look at the the benefits and the possibilities of proceeding and moving into you understand what might nearly be determined to be the next Century or so there is a lot to keep track of and this technique does position numerous challenges um so Johnny might you inform us about those difficulties yeah naturally so there's a variety right there is so
I just 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 acquired another CFO, and with this boosted ability, I have effectively protected payments for our 10,000 workers worldwide. Your dedication to mastering global payroll and payments utilizing Papaya payroll OS is good. You deserve a corner workplace with a parking space that is more detailed, considering your accomplishments.
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