Find out more about Efficient And Affordable Payroll Management With Papaya Global ... We now have the ability to manage both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has actually acquired a different Chief Financial Officer particularly dedicated to handling payments. This supplies us with a secure and reliable technique of paying to our 10,000 staff members worldwide.}
The advanced international payroll management app enhances my payroll process, saving me a substantial amount of time each month. With its user-friendly interface, I have access to a single dashboard that effectively handles my payroll, EOR, and specialists.
Staff member Portal
Workers have access to a Staff member Website where they can view their pay slips, wage and tax statements and employment documents. The website is available in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global assists business use competitive benefits packages to worldwide workers no matter the variety of workers in the company. The business can establish health insurance, short-term and long-lasting special needs, vision, dental and maternity leave while getting rid of the requirement to source regional advantages service providers in every country, produce local accounts and have a minimum number of employees.
Global HR Performances
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' files and migration services if your workers require work authorization assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce spending, labor force variety, total work expenses distributed per area, overall work expenses per cycle and much more.
Worldwide, I have actually shown management and strategic knowledge in assisting large-scale populations of over 100,000 employees across 170 nations. Currently, I are accountable for managing payroll techniques, as discussed by Mark. My role includes handling and establishing external collaborations, supporting Business customers, and offering advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments services provider.
company to make the time 100 list for the majority of influential business on the planet we supply 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 said Johnny Nash with us today Johnny would you like to introduce yourself obviously thank you good morning excellent afternoon excellent night depending on where you remain in the world it's beautiful to fulfill 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 ten years and specifically working on the payroll and payment sector for over seven years um I was fascinated by the complexity the trouble in all of the above of
payroll payments and decided to sort of make a genuine go at that over the last 5 or 6 years where I have actually sort of had a variety of various functions on the provider side and also on the supplier side from a payroll point of view so actually anticipating this conversation today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll simply provide everybody another couple 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 interesting and I can see it going on already just to hear where everyone is um it's nice to to kind of like see where everybody comes from and I truly do hope it's much sunnier than it remains in the UK today certainly not the peak of the sunlight is it it's not no it's it's drizzling here it's very extremely dreary and I wish I was somewhere else 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 challenge years of managing Global payroll why business keep separate
Virtual payroll accounts are an option to standard checking account for handling payroll payments. This is particularly beneficial for global organizations with dispersed and remote workforces, as it streamlines the complicated process of cross-border payments. Instead of preserving separate savings account for payroll in different nations, virtual accounts and digital wallets offer a more streamlined service. In this webinar, we will explore the advantages of using virtual payroll accounts and discuss why they are ending up being a strategic possession for payroll executives. We will likewise supply a wrap-up of the bottom lines 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 advantages and disadvantages of a payroll wallet versus a payroll bank account how business precisely anticipate their payroll expenses to increase working capital and how enhancing International payroll payments can turn them from a siled pane into a tactical asset so payroll can be challenging in adequate in one country however when you're doing it globally it's next level and Beyond it becomes complex for a variety of factors most notably policies compliance information security and banking rules then there are the large numbers they include further complexity the worldwide Workforce is presently three and a half billion individuals by 2030 it's approximated that in Africa alone they will contribute and additional 1.1 billion people that number is currently 500 million just for for a scale then factor in that there are some 230 million services and growing all doing their own thing around the world in the conventional payroll design there's frequently an overwhelming variety of different systems resulting in lengthy manual procedures and silos the variety of Combinations could be non-existent in big quantities and or very very fundamental there's no genuine consistency framework we're living in a period of tech however payroll has 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 simply 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 organizations state they have Labor force data in real time that's another number that provides me sleepless nights and rather honestly the more an organization spends on global payroll the less of an image they see an absence of presence also reaches payroll payments and failure to accurately track these payments can result in compliance mishaps in the last mile of the deal nearly half of worldwide companies have revealed that they do not have the level of standardization they require in their procedures or want and as a result eighty percent of mistakes are because of time reporting poor HCM data information entry mistakes improperly communicated hires and terminations along with lack management and system setups and after that when you round all of it off and the information is shipped to the wrong place the average expense of an international information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the cash worldwide payroll and payments do not run efficiently if they rely on the needed numerous procedures systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the difficulties business face when they're paying to employees or otherwise that's an excellent question I constantly toss this back and say what is it what does not require to be included right and what does
it need to be considered there's differing Bank details so the length of an eye band a swift an account number routing code per country 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 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 definitely crucial however everywhere you look with payroll payment they resemble super payments no if however some infants 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 definitely fundamental and innovation is permitting us to type of progress with that it also as well to add to that payroll and financing require to work closer together um with varying Bank Account Details varying banking requirements and setup processes is definitely essential that payroll and finance groups work more detailed together than ever um I'm always astonished when individuals state I've divided payroll and payment um if you walk down the street and asked anybody what is payroll who does not work in the payroll occupation would they divide the payroll payment from estimation I would say no so why do we as an industry accept that why our payroll and payments so often split and cut up um eventually it's payroll is an end-to-end process it's the point of information collection all the way through to paying individuals wherever they are however also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and wellness being increasingly more crucial to add to kind of the level of complexity there's a growing number of advantages being organ or being used by services throughout the world so once again you're simply aiming to include more and more payments to this currently complex landscape so if you kind of got any experience well I'm from your huge experience here and I make certain however have you got any experience in kind of real difficulties or real challenging type of pay utilizes to play to pay people I believe yeah I suggest over the last well yeah a couple of years I would absolutely say that the larger a service gets the more it tends to segregate the payroll and the payments works um there are teams doing one part of the job there are teams feeding information into the next function as it were that's really handling the payment side of things however you understand in in my viewpoint and my experience that does not necessarily require to be the case you understand long gone are the times where we require to create extra handoffs in the processes 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 a period of tech and a period that you know that we are working in today there is no reason we are still making this as hard as it requires to be concurred and rightly as you said payroll is the single greatest liability that any organization has from an expense point of view from an impact point of view on employees it is definitely crucial that it's done properly and on time so what we imply by that is not a day before not a day after on pay day and payments have to be done right it has the most significant damaging result on people's wellness and many other aspects if individuals aren't paid uh I have actually constantly been astonished entering this Market sort of the last 5 to 10 years is how little thanks the
The payroll group might not have been thanked for correctly processing payroll throughout a webinar. If anybody has been thanked, it would be terrific to hear their success story, whether it's from all workers or not. Payroll is an important cycle, and people just discover when things fail. However, when things go right, it's seen as just a routine task. This is how it's viewed externally also. Therefore, it is important to ensure that jobs like Wi-Fi Worldwide and other important matters are done correctly. Utilizing the very first Global Payments first payroll payment option is a fantastic initial step towards offering an extensive payroll solution for staff members worldwide. Standardization, global procedures, and lowering the number of tools, platforms, and bank accounts needed for worldwide payroll are crucial consider achieving company success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do sometimes get a few problems when things do not go as prepared. Ultimately, we do not do it for the appreciation.
anyhow we understand how how important a function it is which'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 imagine sorry I'm simply I was just gon na say envision the quantity of thanks you got if you could cover the amount of people that we cover within this webinar I'm sure we're discussing hundreds of thousands possibly Millions picture getting that many thank you keeps in mind um I imply it 'd be interesting to see the number of Post-it notes you got but it would absolutely be an intriguing task trying to clean all those up for sure oh absolutely I can't imagine the size of my my Outlook inbox if that held true um you 'd require days of the week to attempt to browse them and in fact see what was going on and type of shot to return to everybody so proceeding look why do business pick to primary different checking account there are businesses out there doing precisely this for particular countries and I've operated in a company or numerous organizations doing precisely that I can state it does not always feel effective and it does create more work I understand we're not intentionally doing that we're not creating extra work for anybody where we do not need to and anyone that's dealing with that procedure I 'd be interested to hear your ideas Johnny why do you think 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 used to we require a new bank account we open an entity and appropriately 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 simply been the standard and the norm the people have embraced and continue to do over years and years passed by to contribute to that individuals have taken a look at things like trust accounts and numerous other methods um to to type of do it so I think there's a range I think this is a process that requires looking at it requires altering however ultimately people are really stuck with what they recognize
with ideal um change is a difficult thing all of us do not like change um so I believe it's just sort of moving far from the norm as we've said so yeah so it keeps a lot of track of things um I comprehend undoubtedly the advantages of having keeping numerous bank accounts but there's a huge quantity of intricacy goes with establishing a savings account preserving it ensuring it can send International transfers ensuring it's set up with the right user accesses for individual individuals so the complexity is substantial however I think the sincere answer is modification um individuals haven't been able to alter or haven't had always the understanding to really make that change into alternate Solutions besides opening a savings account I think you've struck the nail on the head I think it is knowledge you know and there is a component of resistance to alter however we've always done it that way is no genuine excuse for not taking a look at the the benefits and the possibilities of carrying on and moving into you know what might practically be figured out to be the next Century or so there is a lot to keep an eye on and this technique does posture several difficulties um so Johnny might you inform us about those obstacles yeah of course so there's a variety right there is so
I recently made a modification to our Enterprise 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 successfully protected payments for our 10,000 employees worldwide. Your commitment to mastering international payroll and payments using Papaya payroll OS is commendable. You deserve a corner workplace with a parking space that is closer, considering your achievements.
Papaya Global Bhutan