Eynat Guez Papaya Global

Find out more about Eynat Guez 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 gotten a different Chief Financial Officer particularly dedicated to managing payments. This provides us with a safe and reputable approach of paying to our 10,000 staff members worldwide.}

The advanced worldwide payroll management app enhances my payroll procedure, saving me a substantial quantity of time each month. With its user-friendly interface, I have access to a single dashboard that efficiently handles my payroll, EOR, and professionals.

Staff member Portal
Workers have access to a Staff member Website where they can see their pay slips, wage and tax declarations and work documents. The portal is offered in numerous languages and can be accessed on a desktop or mobile phone.

Advantages Administration
Papaya Global assists business offer competitive benefits bundles to international employees regardless of the variety of employees in the business. The business can establish medical insurance, short-term and long-lasting disability, vision, dental and maternity leave while getting rid of the need to source local advantages suppliers in every country, produce regional accounts and have a minimum number of employees.

The HR capabilities provided by Worldwide HR incorporate various functions such as keeping an eye on holiday time, guaranteeing compliance, helping with the process of inviting new workers and bidding goodbye to leaving ones, offering a safe and secure online platform for saving employees' documents, and providing support for work permit procedures in case your employees require help because location.

HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, labor force diversity, overall work costs dispersed per place, total work expenses per cycle and a lot more.

Worldwide, I have actually demonstrated management and tactical knowledge in directing large-scale populations of over 100,000 workers across 170 countries. Currently, I are accountable for overseeing payroll methods, as discussed by Mark. My role includes handling and developing external collaborations, supporting Enterprise customers, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions supplier.

company to make the time 100 list for a lot of influential business on the planet we provide payroll payments and workforce management to all employee key ins over 160 countries I am pleased to state that we likewise have as Mark said Johnny Nash with us today Johnny would you like to introduce yourself naturally thank you good morning excellent afternoon great evening 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 remained in the payments market for over ten years and particularly dealing with the payroll and payment sector for over 7 years um I was amazed by the intricacy the trouble in all of the above of

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 various functions on the supplier side and likewise on the vendor side from a payroll viewpoint so really anticipating this discussion today um and yeah thank you very much for your time everyone all right thanks Johnny uh we'll just give everyone another number of uh well one of the 30 seconds or so to join all of us work back to back these days so we'll kind 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 everybody comes from and I truly do hope it's much sunnier than it remains in the UK today definitely not the peak of the sunshine is it it's not no it's it's drizzling here it's very really bleak and I wish I was elsewhere at this moment in time alright so let's get going our program for today is as follows um we are going to be looking at the difficulty years of handling International payroll why business maintain separate

Virtual payroll accounts are an option to traditional bank accounts for managing payroll payments. This is particularly useful for worldwide organizations with dispersed and remote workforces, as it simplifies the complex procedure of cross-border payments. Instead of preserving different savings account for payroll in various nations, virtual accounts and digital wallets offer a more streamlined option. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are becoming a strategic property for payroll executives. We will also offer a recap of the bottom lines covered and leave time for a Q&A session at the end.

making payroll payments accurately efficiently firmly and on time throughout this webinar we'll stroll you through the global benefits and drawbacks of a payroll wallet versus a payroll bank account how business precisely forecast their payroll expenses to increase working capital and how simplifying Global payroll payments can turn them from a siled pane into a strategic possession so payroll can be challenging in adequate in one country however when you're doing it worldwide it's next level and Beyond it ends up being intricate for a variety of reasons most significantly regulations compliance information security and banking rules then there are the sheer numbers they add additional complexity the international Labor force is currently 3 and a half billion individuals by 2030 it's approximated that in Africa alone they will contribute and further 1.1 billion individuals that number is presently 500 million just for for a scale then consider that there are some 230 million organizations and growing all doing their own thing all over the world in the standard payroll design there's typically an overwhelming variety of various systems resulting in time-consuming manual processes and silos the variety of Integrations could be non-existent in large quantities and or really really basic there's no genuine consistency framework we're residing in an era of tech however 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 simply blows my mind each time I I think

about it to offer you an idea of how far there still is to come according to Deloitte just 11 of services state they have Labor force data in real time that's another number that offers me sleepless nights and quite frankly the more a service spends on international payroll the less of a picture they see an absence of visibility also encompasses payroll payments and inability to precisely track these payments can cause compliance incidents in the last mile of the transaction nearly half of global businesses have revealed that they don't have the level of standardization they require in their processes or want and as a result eighty percent of mistakes are due to time reporting bad HCM information information entry errors badly communicated hires and terminations in addition to absence management and system configurations and then when you round all of it off and the information is delivered to the incorrect place the average cost of an international information 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 don't run efficiently if they count on the necessary several processes 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 challenges service face when they're making payments to staff members or otherwise that's a great concern I always toss this back and say what is it what does not require to be included right and what does

it require to be thought about there's differing 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 client's own in-country account so there's intricacy anywhere you look best eventually building a knowledge base is absolutely critical however all over you look with payroll payment they are like super payments no if but some children about it you are all superheroes processing payments for payroll if you take a look at the kind of link between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are absolutely basic and innovation is permitting us to kind of move on with that it also too to contribute to that payroll and finance need to work closer together um with differing Bank Account Particulars differing banking requirements and setup processes is absolutely necessary that payroll and financing groups work better together than ever um I'm constantly impressed when individuals say I've split 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 split the payroll payment from calculation 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 information collection all the way through to paying people any place they are but also paying statutory authorities and on statutory third parties so with the

The modern-day world places a high worth on wellness and the payment landscape is ending up being progressively intricate. Organizations are continually presenting brand-new benefits and payment choices, which adds to the total intricacy. Big corporations frequently divide their payroll and payment processing into different groups, which can lead to inadequacies and bottlenecks. In my viewpoint, this doesn't have to be the case. In today's technically sophisticated era, there's no validation for maintaining troublesome treatments. Payroll, the business's greatest expense, must be processed properly and on time. Even slight hold-ups can adversely affect employees' well-being and have far-reaching consequences. Therefore, it's crucial to focus on precise and prompt payments.

The payroll group may not have been thanked for properly processing payroll during a webinar. If anybody has actually been thanked, it would be terrific to hear their success story, whether it's from all employees or not. Payroll is a crucial cycle, and people just see when things go wrong. Nevertheless, when things go right, it's seen as simply a regular job. This is how it's perceived externally too. For that reason, it is essential to make sure that jobs like Wi-Fi Worldwide and other vital matters are done properly. Utilizing the first International Payments very first payroll payment solution is a terrific preliminary step towards supplying a detailed payroll service for staff members worldwide. Standardization, global processes, and lowering the number of tools, platforms, and savings account necessary for global payroll are key factors in accomplishing company success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do occasionally get a few grievances when things do not go as prepared. Eventually, we don't do it for the thankfulness.

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 everybody that's involved in those procedures and also so envision sorry I'm simply I was just gon na say imagine the quantity of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make sure we're speaking about hundreds of thousands potentially Millions imagine getting that many thank you keeps in mind um I mean it 'd be interesting to see the number of Post-it notes you got but it would definitely be a fascinating task attempting to clean up all those up for sure oh definitely I can't think of the size of my my Outlook inbox if that held true um you 'd require days of the week to try to browse them and actually see what was going on and sort of shot to get back to everybody so proceeding look why do business choose to main different bank accounts there are companies out there doing exactly this for specific countries and I have actually worked in a business or numerous organizations doing exactly that I can say it does not always feel effective and it does develop more work I understand we're not intentionally doing that we're not producing 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 ideas Johnny why do you think that we're doing that in in the in the amount that we are I believe lots of reasons one is it's the requirement I believe people have got so utilized to we need a new savings account we open an entity and rightly so you require it for payroll purposes but there are a number of markets where it's not a requirement so I believe it's just been the requirement and the norm the people have actually embraced and continue to do over years and years passed by to add to that people have looked at things like trust accounts and lots of other methods um to to type of do it so I believe there's a range I believe this is a process that needs looking at it needs altering but ultimately people are extremely stuck to what they recognize

with right um change is a challenging thing we all don't like change um so I think it's simply sort of moving away from the standard as we've said so yeah so it keeps a great deal of track of stuff um I comprehend obviously the advantages of having preserving several savings account but there's a huge quantity of intricacy opts for establishing a checking account keeping it guaranteeing it can send International transfers guaranteeing it's established with the ideal user accesses for individual individuals so the intricacy is huge but I believe the honest response is change um individuals haven't had the ability to change or haven't had necessarily the understanding to actually make that change into alternate Solutions besides opening a savings account I think you have actually struck the nail on the head I think it is understanding you understand and there is an element of resistance to alter but we have actually constantly done it that way is no genuine reason for not taking a look at the the benefits and the possibilities of moving on and moving into you know what might almost be figured out to be the next Century or two there is a lot to monitor and this method does posture several obstacles um so Johnny might you tell us about those challenges yeah naturally so there's a range right there is so

I simply did you changed 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 should have a corner office with a better parking space since I mastered International payroll and payments with Papaya payroll OS did you

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