Find out more about Papaya Global Courses Limerick ... We now have the capability to manage both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer particularly dedicated to managing payments. This offers us with a protected and dependable technique of paying to our 10,000 employees worldwide.}
the BEST global payroll managment app, saves me hours of time on a monthly basis, one single control panel for my payroll, EOR and specialists
Worker Website
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 offered in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global helps companies provide competitive benefits plans to worldwide staff members no matter the variety of staff members in the company. The business can set up health insurance, short-term and long-term impairment, vision, oral and maternity leave while removing the need to source local advantages companies in every country, create regional accounts and have a minimum variety of staff members.
Global HR Performances
's HR performances consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and migration services if your workers need work permit help.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, labor force diversity, total employment expenses dispersed per area, overall employment expenses per cycle and far more.
Worldwide, I have demonstrated management and tactical expertise in assisting large-scale populations of over 100,000 employees across 170 nations. Currently, I are accountable for overseeing payroll strategies, as mentioned by Mark. My role includes handling and developing external collaborations, supporting Enterprise customers, and supplying advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services supplier.
business to make the time 100 list for the majority of prominent companies worldwide we provide payroll payments and workforce management to all staff member types in over 160 nations I am pleased to state that we likewise have as Mark stated Johnny Nash with us today Johnny would you like to present yourself of course thank you good morning great afternoon good evening depending on where you are in the world it's charming to satisfy you and thank you very much for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I've been in the payments market for over 10 years and specifically dealing with the payroll and payment sector for over 7 years um I was interested by the intricacy the trouble in all of the above of
payroll payments and decided to type of make a genuine go at that over the last five or 6 years where I've sort of had a range of various roles on the supplier side and also on the vendor side from a payroll viewpoint so actually eagerly anticipating this discussion today um and yeah thank you very much for your time everybody all right thanks Johnny uh we'll just offer everyone another couple of uh well among the 30 seconds or two to join all of us work back to back these days so we'll type of let them do that so it 'd be rather fascinating and I can see it going on currently just to hear where everybody is um it's nice to to sort of like see where everyone comes from and I truly do hope it's much sunnier than it is in the UK today certainly not the peak of the sunshine is it it's not no it's it's drizzling here it's really very dreary and I want I was elsewhere at this moment in time alright so let's start our agenda for today is as follows um we are going to be taking a look at the obstacle years of handling Worldwide payroll why companies preserve separate
Virtual payroll accounts are an option to standard checking account for handling payroll payments. This is particularly helpful for global organizations with dispersed and remote labor forces, as it simplifies the complex process of cross-border payments. Instead of preserving different bank accounts for payroll in various nations, virtual accounts and digital wallets offer a more structured option. In this webinar, we will check out the advantages of using virtual payroll accounts and go over why they are becoming a tactical property for payroll executives. We will also 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 global pros and cons of a payroll wallet versus a payroll bank account how companies properly anticipate their payroll costs to increase working capital and how enhancing Global payroll payments can turn them from a siled pane into a strategic possession so payroll can be challenging in sufficient in one country but when you're doing it worldwide it's next level and Beyond it ends up being complicated for a variety of factors most notably policies compliance information security and banking guidelines then there are the sheer numbers they add further intricacy the global Workforce is currently three and a half billion people by 2030 it's estimated that in Africa alone they will contribute and further 1.1 billion people that number is presently 500 million just for for a scale then factor in that there are some 230 million organizations and growing all doing their own thing around the globe in the standard payroll model there's often a frustrating variety of various systems causing lengthy manual processes and silos the variety of Combinations could be non-existent in big amounts and or very very basic there's no real consistency framework we're residing in a period of tech but payroll has actually been slow to get on board in fact as much as 25 of payroll is still done by hand frequently with pen and paper and that just blows my mind every time I I think
about it to provide you an idea of how far there still is to come according to Deloitte just 11 of services say they have Workforce information in real time that's another number that offers me sleep deprived nights and rather frankly the more an organization spends on international payroll the less of an image they see an absence of visibility also extends to payroll payments and inability to accurately track these payments can lead to compliance mishaps in the last mile of the deal nearly half of global services have actually revealed that they do not have the level of standardization they require in their processes or want and as a result eighty percent of errors are due to time reporting poor HCM information data entry errors poorly communicated hires and terminations as well as lack management and system configurations and after that when you round all of it off and the information is delivered to the wrong place the typical expense of a global data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash all over the world payroll and payments do not run smoothly if they count on the essential several procedures 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 an excellent concern I constantly throw this back and state what is it what does not require to be included best and what does
it require to be considered there's varying Bank information 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 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 intricacy wherever you look best ultimately building a knowledge base is definitely important but everywhere you look with payroll payment they resemble super payments no if however some babies about it you are all superheroes processing payments for payroll if you look at the type 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 absolutely fundamental and technology is allowing us to sort of progress with that it likewise also to contribute to that payroll and financing need to work closer together um with varying Checking account Particulars varying banking requirements and setup procedures is absolutely essential that payroll and financing groups work more detailed together than ever um I'm constantly astonished when individuals say 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 divide the payroll payment from computation 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 procedure 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 reside in and wellness being more and more important to add to type of the level of intricacy there's increasingly more benefits being organ or being provided by services across the world so again you're just looking to include more and more 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 real difficulties or real challenging type of pay utilizes to play to pay individuals I believe yeah I indicate over the last well yeah a couple of years I would definitely say that the bigger an organization gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the task there are groups feeding info into the next function as it were that's in fact managing the payment side of things but you understand in in my viewpoint and my experience that doesn't necessarily need to be the case you understand long gone are the times where we require to create additional handoffs at the same times that we operate in they just make them more timely they make them less efficient and they don't make them what they require to be in in an age of tech and an age that you know that we are operating in today there is no reason we are still making this as hard as it requires to be concurred and appropriately as you stated payroll is the single biggest liability that any company has from a cost viewpoint from an effect point of view on workers it is definitely critical 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 need to be done right it has the most significant destructive result on people's well-being and numerous other elements if individuals aren't paid uh I've constantly been impressed coming into this Market kind of the last five to 10 years is how little thanks the
payroll team get um so I'm unsure anyone on this type of webinar has been told thank you for processing my payroll correctly if you have it 'd be great to hear your success story and whether that's been from all staff members or not um however ultimately payroll is such a crucial cycle we all find out about it when it goes wrong everybody jumps up and down when it fails but when it goes right it's simply 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 absolutely essential that all of this stuff is done correctly so leveraging the very first Worldwide Payments very first payroll payment service is a terrific first step um offering an end-to-end payroll service for your employees worldwide once again I believe is another substantial um process again aligning and guaranteeing you have standardization International processes all of those things are absolutely key to success success of companies and lowering the variety of tools platforms and bank accounts they require for their Worldwide payroll too could not agree with you more and on the the front in regards to of the thank yous for getting payroll done I've never ever had a hundred countless them within a payroll cycle do not expect to you do get the odd 5 or ten or whatever it might be with the with the the grievances where things haven't gone rather where they're suggested to be um I don't think any of us are actually doing that for for the thanks
anyway we understand how how essential 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 everyone that's involved in those processes and also 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 quantity of people that we cover within this webinar I make sure we're talking about numerous thousands potentially Millions envision getting that many thank you keeps in mind um I indicate it 'd be interesting to see how many Post-it notes you got however it would definitely be an interesting job trying to clean all those up for sure oh absolutely I can't envision 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 return to everyone so carrying on appearance why do business choose to main separate bank accounts there are companies out there doing exactly this for specific countries and I have actually worked in a service or many organizations doing exactly that I can say it does not always feel efficient and it does develop more work I understand we're not intentionally doing that we're not producing extra work for anybody where we do not have to and anyone that's handling 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 quantity that we are I believe many reasons one is it's the standard I think people have actually got so utilized to we need a new checking account we open an entity and appropriately so you require it for payroll purposes but there are a variety 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 people have looked at things like trust accounts and many other methods um to to kind of do it so I believe there's a variety I think this is a procedure that requires taking a look at it needs altering but ultimately individuals are extremely stuck with what they're familiar
with ideal um change is a hard thing we all do not like modification um so I think it's simply sort of moving away from the standard as we have actually said so yeah so it keeps a lot of track of things um I comprehend clearly the benefits of having preserving multiple savings account but there's a big amount of intricacy chooses setting up a checking account keeping it ensuring it can send out International transfers guaranteeing it's established with the best user accesses for individual people so the complexity is substantial but I think the sincere answer is change um individuals haven't had the ability to alter or haven't had necessarily the understanding to really make that change into alternate Solutions other than opening a savings account I think you've struck the nail on the head I believe it is understanding you know and there is an element of resistance to change however we have actually constantly done it that way is no genuine excuse for not taking a look at the the advantages and the possibilities of proceeding and moving into you understand what might practically be identified to be the next Century approximately there is a lot to monitor and this approach does present several challenges um so Johnny might you tell us about those challenges yeah naturally so there's a variety right there is so
I simply did you changed our Enterprise to OS so now we can do our payroll and payments operation on a single platform yes it resembles our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 International staff members you deserve a corner workplace with a closer parking space because I mastered International payroll and payments with Papaya payroll OS did you
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