Find out more about Papaya Global Crashes When Emailing Payslips ... We now have the capability to handle both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has obtained a different Chief Financial Officer specifically committed to managing payments. This supplies us with a secure and trustworthy method of making payments to our 10,000 workers worldwide.}
The cutting-edge worldwide payroll management app streamlines my payroll procedure, conserving me a considerable amount of time every month. With its easy to use user interface, I have access to a single control panel that efficiently manages my payroll, EOR, and contractors.
Employee Website
Workers have access to a Staff member Website where they can see 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 companies provide competitive advantages bundles to international workers no matter the variety of staff members in the business. The company can set up health insurance, short-term and long-lasting impairment, vision, dental and maternity leave while getting rid of the requirement to source local benefits companies in every nation, create local accounts and have a minimum number of staff members.
Worldwide HR Functionalities
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and migration services if your employees need work permit assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force spending, workforce diversity, total employment costs distributed per place, total work costs per cycle and a lot more.
Worldwide, I have demonstrated management and tactical know-how in directing large-scale populations of over 100,000 workers throughout 170 nations. Presently, I am responsible for supervising payroll techniques, as mentioned by Mark. My function involves handling and developing external partnerships, supporting Enterprise customers, and offering advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments options provider.
company to make the time 100 list for many prominent business worldwide we provide payroll payments and labor force management to all worker enters over 160 nations I am pleased to state that we also have as Mark said Johnny Nash with us today Johnny would you like to present yourself obviously thank you good morning good afternoon great evening depending on where you remain in the world it's lovely to meet you and thank you quite for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I have actually been in the payments industry for over 10 years and particularly working on the payroll and payment sector for over seven years um I was amazed by the intricacy the trouble in all of the above of
payroll payments and decided to type of make a real go at that over the last five or six years where I have actually sort of had a variety of different roles on the company side and also on the supplier side from a payroll point of view so really looking forward to this conversation today um and yeah thank you very much for your time everybody all right thanks Johnny uh we'll simply give 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 rather fascinating and I can see it going on currently just to hear where everyone is um it's nice to to type of like see where everyone originates from and I really do hope it's much sunnier than it is in the UK today definitely 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 wish 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 taking a look at the challenge years of handling Worldwide payroll why companies maintain separate
Virtual payroll accounts are an option to traditional checking account for handling payroll payments. This is particularly beneficial 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 use a more streamlined solution. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are ending up being a strategic asset 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 payroll payments precisely efficiently securely and on time during this webinar we'll stroll you through the worldwide benefits and drawbacks of a payroll wallet versus a payroll bank account how companies accurately anticipate their payroll expenses to increase working capital and how enhancing International payroll payments can turn them from a siled pane into a tactical property so payroll can be challenging in adequate in one country but when you're doing it internationally it's next level and Beyond it becomes complicated for a variety of factors most importantly regulations compliance information security and banking guidelines then there are the large numbers they include further intricacy the worldwide Workforce is presently 3 and a half billion individuals by 2030 it's estimated that in Africa alone they will contribute and further 1.1 billion individuals that number is currently 500 million just for for a scale then consider that there are some 230 million businesses and growing all doing their own thing worldwide in the conventional payroll model there's typically a frustrating variety of different systems causing time-consuming manual processes and silos the variety of Combinations could be non-existent in big quantities and or very very standard there's no real consistency structure we're living in an age of tech but payroll has actually been sluggish to get on board in fact as much as 25 of payroll is still done by hand often with pen and paper and that simply blows my mind each time I I believe
about it to give you a concept of how far there still is to come according to Deloitte just 11 of services state they have Labor force information in real time that's another number that offers me sleepless nights and quite frankly the more a company spends on global payroll the less of an image they see an absence of visibility also reaches payroll payments and failure to properly track these payments can lead to compliance mishaps in the last mile of the deal almost half of worldwide organizations have actually expressed that they do not have the level of standardization they need in their procedures or desire and as a result eighty percent of mistakes are due to time reporting bad HCM data information entry errors badly communicated hires and terminations along with lack management and system setups and then when you round all of it off and the data is shipped to the incorrect location the typical cost of a global information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the cash around the globe payroll and payments don't run efficiently if they depend on the required 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 obstacles organization face when they're making payments to employees or otherwise that's an excellent question I constantly toss this back and say what is it what doesn't require to be included ideal and what does
it need to be thought about there's differing 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 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 customer's own in-country account so there's intricacy wherever you look right eventually constructing a knowledge base is definitely vital however everywhere you look with payroll payment they are like very payments no if but some babies about it you are all superheroes processing payments for payroll if you take a 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 essential and innovation is permitting us to kind of move forward with that it likewise too to contribute to that payroll and financing require to work closer together um with varying Savings account Details differing banking requirements and setup processes is absolutely important that payroll and finance teams work better together than ever um I'm always astonished when individuals say I have actually split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't work in the payroll profession would they split the payroll payment from estimation 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 ultimately it's payroll is an end-to-end procedure 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 live in and wellness being more and more crucial to add to type of the level of intricacy there's a growing number of benefits being organ or being offered by services across the world so once again you're just looking to include a growing number of payments to this already complicated landscape so if you kind of got any experience well I'm from your large experience here and I make sure however have you got any experience in kind of real obstacles or genuine challenging type of pay utilizes to play to pay individuals I believe yeah I mean over the last well yeah a number of decades I would certainly state that the larger a business gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the job there are groups feeding info into the next function as it were that's actually managing the payment side of things however you understand in in my opinion and my experience that does not always need to be the case you understand long gone are the times where we require to develop additional handoffs at the same times that we operate in they simply make them more prompt they make them less effective 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 that we are still making this as difficult as it requires to be agreed and appropriately as you said payroll is the single biggest liability that any business has from a cost viewpoint from an impact viewpoint on employees it is definitely important that it's done correctly and on time so what we suggest 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 effect on individuals's well-being and lots of other aspects if individuals aren't paid uh I have actually constantly been surprised entering this Market kind of the last 5 to 10 years is how little thanks the
The payroll team might not have been thanked for correctly processing payroll during a webinar. If anyone has actually been thanked, it would be fantastic to hear their success story, whether it's from all staff members or not. Payroll is an important cycle, and people only notice when things fail. Nevertheless, when things go right, it's seen as just a regular job. This is how it's viewed externally too. For that reason, it is essential to make sure that jobs like Wi-Fi International and other essential matters are done properly. Utilizing the very first International Payments first payroll payment solution is an excellent initial action towards offering an extensive payroll solution for employees worldwide. Standardization, international processes, and minimizing the number of tools, platforms, and checking account necessary for worldwide payroll are key consider accomplishing business success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do sometimes get a couple of problems when things do not go as prepared. Ultimately, we do not do it for the appreciation.
anyhow we understand how how important 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 everyone that's associated with those procedures and also so imagine sorry I'm simply I was simply gon na state picture the quantity of thanks you got if you might cover the quantity of individuals that we cover within this webinar I'm sure we're talking about hundreds of thousands possibly Millions picture getting that numerous thank you keeps in mind um I suggest it 'd be interesting to see the number of Post-it notes you got however it would certainly be an intriguing task trying to clean all those up for sure oh absolutely 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 try to check out them and actually see what was going on and sort of try to get back to everyone so proceeding appearance why do business choose to primary different savings account there are organizations out there doing precisely this for specific nations and I have actually operated in an organization or many services doing exactly that I can say it doesn't constantly feel effective and it does create more work I know we're not intentionally doing that we're not producing additional work for anybody where we don't have to and anyone 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 many reasons one is it's the standard I believe people have got so used to we need a brand-new checking account we open an entity and appropriately so you need it for payroll functions however 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 adopted and continue to do over years and years passed by to contribute to that individuals have actually looked at things like trust accounts and lots of other ways um to to kind of do it so I think there's a variety I think this is a process that requires taking a look at it requires altering however eventually people are very stuck to what they recognize
with best um modification is a hard thing we all don't like change um so I believe it's just kind of moving away from the norm as we've said so yeah so it keeps a great deal of track of things um I comprehend clearly the advantages of having maintaining multiple checking account but there's a big amount of intricacy opts for setting up a bank account keeping it ensuring it can send out International transfers ensuring it's established with the ideal user accesses for individual people so the intricacy is substantial but I believe the truthful answer 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 besides opening a checking account I think you've struck the nail on the head I think it is understanding you know and there is an element of resistance to alter but we have actually constantly done it that way is no real reason for not looking at the the advantages and the possibilities of moving on and moving into you understand what could nearly be identified to be the next Century approximately there is a lot to keep an eye on and this technique does position a number of obstacles um so Johnny could you inform us about those obstacles yeah of course 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 Global workers you should have a corner workplace with a better parking space because I mastered International payroll and payments with Papaya payroll OS did you
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