Find out more about Papaya Global Compatibility With Windows 10 ... 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 gotten a separate Chief Financial Officer particularly committed to handling payments. This offers us with a protected and dependable approach of making payments to our 10,000 staff members worldwide.}
The advanced global payroll management app streamlines my payroll procedure, saving me a substantial amount of time monthly. With its easy to use interface, I have access to a single control panel that efficiently handles my payroll, EOR, and specialists.
Staff member Portal
Employees have access to a Staff member Portal where they can view their pay slips, wage and tax statements and work documents. The website is available in numerous languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps business provide competitive advantages packages to worldwide employees no matter the variety of workers in the business. The company can set up health insurance, short-term and long-term impairment, vision, dental and maternity leave while removing the requirement to source local advantages service providers in every nation, create regional accounts and have a minimum variety of workers.
Worldwide HR Performances
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and immigration services if your staff members require work license help.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce costs, workforce variety, overall work costs distributed per area, total work costs per cycle and far more.
environments around the world I provided management and method to populations of over a hundred thousand employees in more than 170 countries today I'm the payroll strategies for as Mark said I work across the business managing and building external relationships supporting Enterprise clients and solutions along with serving as a consultant for those of you that do not know who papaya International is papaya is the first payroll and payments
As an international business, we are honored to be included on the prestigious Time 100 list of the most prominent business worldwide. We specialize in offering payroll and labor force management services to workers in more than 160 nations. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny present himself. Good day to all, despite your location. It's a satisfaction to meet you and thank you for your valuable time. As Ian mentioned, 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 solutions for the past 7 years. The intricacies and challenges of this field have constantly mesmerized me.
payroll payments and chose to type of make a genuine go at that over the last 5 or six years where I have actually type of had a variety of different roles on the service provider side and also on the vendor side from a payroll viewpoint so truly eagerly anticipating this discussion today um and yeah thank you quite for your time everyone fine 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 type of let them do that so it 'd be rather fascinating and I can see it going on currently simply to hear where everybody is um it's nice to to kind of like see where everyone originates 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 very really gloomy and I want I was somewhere else at this moment in time alright so let's start our program for today is as follows um we are going to be looking at the challenge years of handling Global payroll why companies maintain separate
savings account payroll virtual wallets versus payroll bank accounts payroll payroll uh sorry papaya payroll payments forecasting payroll costs utilizing virtual payroll accounts improving papaya Worldwide payroll payments as a strategic asset uh we'll also go over a wrap-up which ought to leave his time at the really extremely end for a q a session so as the title of the webinar suggests payroll officers on transferring to Virtual payroll accounts and here is why as dispersed to remote and International workforces end up being increasingly more common and managing them becomes more and more intricate International companies are seeking to find Solutions and brand-new ways to improve processes especially from a payroll and cross-border payment viewpoint numerous organizations keep different savings account just for payroll while some have several accounts in different countries does it make sense for business to preserve separate savings account in some cases in various nations it does however just for payroll exists a better method what role do virtual accounts and digital wallets likewise called virtual wallets play in helping international business improve the episode complex procedures of
Ensuring precise, efficient, and timely payroll payments is a complex obstacle for businesses running worldwide. Join us for a webinar to check out the advantages and disadvantages of payroll wallets versus payroll bank accounts, discover how business anticipate payroll expenses to enhance working capital, and discover how streamlining worldwide payroll payments can transform them from a burdensome job into a tactical property.
Handling payroll globally is an overwhelming task due to various guidelines, compliance requirements, data security issues, and banking guidelines. The sheer number of staff members and businesses adds to the complexity, with an estimated 3.5 billion individuals in the global workforce, 500 countless whom remain in Africa, and 230 million organizations worldwide.
Standard payroll systems frequently result in manual procedures, information silos, and an absence of integration, causing inconsistencies and inadequacies. Despite residing in an era of technological advancements, payroll management has actually been sluggish to adjust, with as much as 25% of payroll still processed manually, typically using pen and paper. This webinar goals to provide insights and services to simplify and enhance worldwide payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte only 11 of organizations state they have Labor force information in real time that's another number that gives me sleepless nights and quite honestly the more a business invests in international payroll the less of a photo they see an absence of visibility also extends to payroll payments and failure to precisely track these payments can cause compliance incidents in the last mile of the transaction nearly half of worldwide companies have actually revealed that they do not have the level of standardization they require in their procedures or desire and as a result eighty percent of mistakes are because of time reporting poor HCM data data entry errors improperly interacted hires and terminations along with lack management and system setups and then when you round everything off and the information is shipped to the incorrect place the typical expense of an international data 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 do not run smoothly if they depend on the needed numerous processes systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the challenges organization face when they're paying to workers or otherwise that's an excellent concern I constantly throw this back and say what is it what doesn't require to be consisted of right and what does
it require 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 time frames 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 consumer's own in-country account so there's complexity wherever you look ideal eventually constructing a knowledge base is absolutely important however everywhere you look with payroll payment they resemble super payments no if however 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 believe 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 add to that payroll and financing require to work closer together um with varying Bank Account Particulars varying banking requirements and setup procedures is absolutely important that payroll and financing groups work better together than ever um I'm constantly surprised when people state I've split payroll and payment um if you stroll down the street and asked anyone what is payroll who doesn't work in the payroll profession would they split the payroll payment from computation I would say no so why do we as a market accept that why our payroll and payments so frequently 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 people wherever they are however likewise paying statutory authorities and on statutory 3rd parties so with the
world we reside in and well-being being more and more crucial to add to kind of the level of intricacy there's increasingly more benefits being organ or being used by organizations throughout the world so again you're simply wanting to add a growing number of payments to this currently complicated landscape so if you kind of got any experience well I'm from your large experience here and I make certain but have you got any experience in kind of genuine difficulties or real difficult kind of pay utilizes to play to pay people I believe yeah I imply over the last well yeah a number of decades I would definitely say that the bigger an organization gets the more it tends to segregate the payroll and the payments works um there are groups doing one part of the task there are teams feeding info into the next function as it were that's in fact managing the payment side of things however you know in in my viewpoint and my experience that doesn't always require to be the case you understand long gone are the times where we need to produce extra handoffs while doing sos that we run in they just make them more timely they make them less effective and they don't make them what they need to be in in an age of tech and an era that you understand that we are working in today there is no reason that we are still making this as difficult as it needs to be concurred and rightly as you said payroll is the single greatest liability that any company has from an expense point of view from an effect viewpoint on staff members it is absolutely crucial that it's done correctly and on time so what we imply by that is not a day before not a day after on pay day and payments need to be done right it has the biggest detrimental effect on individuals's wellness and numerous other factors if people aren't paid uh I've constantly been impressed entering this Market type of the last five to 10 years is how little thanks the
payroll group get um so I'm not exactly sure anybody on this kind of webinar has actually been told thank you for processing my payroll correctly if you have it 'd be excellent to hear your success story and whether that's been from all workers or not um but ultimately payroll is such a crucial cycle all of us become aware of it when it goes wrong everyone jumps up and down when it fails but when it goes right it's just 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 definitely important that all of this stuff is done properly so leveraging the first International Payments very first payroll payment service is a fantastic first step um supplying an end-to-end payroll solution for your workers internationally once again I think is another substantial um process again aligning and ensuring you have standardization Global procedures all of those things are absolutely crucial to success success of organizations and decreasing the variety of tools platforms and savings account they need for their International payroll too could not agree with you more and on the the front in terms of of the thank yous for getting payroll done I have actually never ever had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd five or ten or whatever it might be with the with the the problems where things have not gone quite where they're suggested to be um I don't think any of us are really doing that for for the thanks
anyway we understand 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 simple as possible for everyone that's associated with those procedures and likewise so imagine sorry I'm just I was simply gon na say 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 discussing numerous thousands possibly Millions envision 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 certainly be an interesting task attempting to clean up all those up for sure oh definitely I can't imagine the size of my my Outlook inbox if that held true um you 'd need days of the week to try to browse them and actually see what was going on and type of shot to get back to everyone so carrying on appearance why do business choose to primary separate savings account there are businesses out there doing precisely this for specific countries and I have actually operated in a company or many businesses doing exactly that I can state it does not constantly feel effective and it does develop more work I understand we're not purposely doing that we're not producing extra work for anyone where we don't need to and anyone that's managing 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 amount that we are I believe numerous reasons one is it's the requirement I believe people have actually got so utilized to we require a new checking account we open an entity and rightly so you require it for payroll functions however there are a number of markets where it's not a requirement so I believe it's simply been the requirement and the standard the people have adopted and continue to do over years and years gone past to add to that individuals have taken a look at things like trust accounts and numerous other ways um to to type of do it so I believe there's a variety I think this is a process that requires taking a look at it requires changing but eventually individuals are very stuck with what they're familiar
with best um modification is a hard thing we all do not like modification um so I think it's just type of moving away from the norm as we've said so yeah so it keeps a lot of track of things um I comprehend certainly the advantages of having maintaining numerous bank accounts but there's a huge quantity of complexity goes with setting up a savings account maintaining it ensuring it can send International transfers guaranteeing it's set up with the ideal user accesses for specific people so the complexity is big however I think the sincere answer is modification um individuals have not been able to change or have not had always the knowledge to actually make that change into alternate Solutions other than opening a savings account I believe you have actually struck the nail on the head I believe it is knowledge you know and there is a component of resistance to alter however we've always done it that way is no real reason for not looking at the the advantages and the possibilities of proceeding and moving into you know what might almost be figured out to be the next Century or two there is a lot to keep track of and this technique does posture several difficulties um so Johnny might you inform us about those difficulties yeah obviously so there's a range right there is so
I just did you switched our Business 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 since I mastered International payroll and payments with Papaya payroll OS did you
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