Find out more about Glassdoor Papaya Global ... We now have the ability to handle both our payroll and payments procedures on one merged platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer specifically committed to managing payments. This supplies us with a safe and secure and reliable method of paying to our 10,000 staff members worldwide.}
the very best international payroll managment app, saves me hours of time every month, one single control panel for my payroll, EOR and contractors
The Employee Portal supplies workers with the capability to gain access to and view essential files such as pay slips, wage and tax declarations, and employment records. This portal is accessible on both desktop and mobile phones and is used in different languages.
Advantages Administration
Papaya Global helps companies use competitive benefits bundles to worldwide workers despite the variety of workers in the business. The business can establish health insurance, short-term and long-term impairment, vision, dental and maternity leave while eliminating the requirement to source local advantages providers in every country, develop regional accounts and have a minimum variety of employees.
The HR abilities offered by Worldwide HR incorporate different functions such as monitoring holiday time, guaranteeing compliance, assisting in the procedure of welcoming brand-new workers and bidding goodbye to leaving ones, offering a safe and secure online platform for storing workers' files, and offering support for work allow treatments in case your employees need assistance in that area.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force spending, workforce diversity, total work costs dispersed per area, overall employment costs per cycle and much more.
Worldwide, I have demonstrated management and strategic proficiency in guiding large-scale populations of over 100,000 staff members throughout 170 countries. Presently, I am responsible for managing payroll strategies, as mentioned by Mark. My function includes handling and establishing external partnerships, supporting Enterprise clients, and offering advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments services service provider.
As a worldwide business, we are honored to be included on the prominent Time 100 list of the most prominent companies worldwide. We specialize in supplying payroll and labor force management services to workers in more than 160 countries. I am delighted to introduce Johnny Nash, as mentioned by Mark. Now, I'll let Johnny introduce himself. Good day to all, regardless of your place. It's a satisfaction to satisfy you and thank you for your important time. As Ian mentioned, I am Johnny Nash, the director of payments at our company. With over a years of experience in the payments market, I have focused on payroll and payment services for the past seven years. The intricacies and challenges of this field have actually constantly mesmerized me.
payroll payments and decided to type of make a real go at that over the last five or six years where I've kind of had a range of different roles on the provider side and likewise on the supplier side from a payroll viewpoint so truly eagerly anticipating this conversation today um and yeah thank you quite for your time everybody alright thanks Johnny uh we'll simply provide everyone another couple of uh well one of the 30 seconds approximately to join all of us work back to back these days so we'll type of let them do that so it 'd be quite intriguing and I can see it going on currently just to hear where everybody 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 definitely not the peak of the sunshine is it it's not no it's it's raining here it's really really uninspiring and I wish I was somewhere else at this moment in time okay so let's begin our agenda for today is as follows um we are going to be looking at the challenge years of handling Worldwide payroll why companies preserve different
Virtual payroll accounts are an option to traditional checking account for managing payroll payments. This is particularly helpful for worldwide organizations with dispersed and remote workforces, as it streamlines the intricate process of cross-border payments. Instead of keeping separate savings account for payroll in different nations, virtual accounts and digital wallets use a more streamlined option. In this webinar, we will check out the benefits of using virtual payroll accounts and talk about why they are ending up being a tactical property for payroll executives. We will also provide a recap of the main points covered and leave time for a Q&A session at the end.
making payroll payments accurately efficiently securely and on time throughout this webinar we'll stroll you through the international pros and cons of a payroll wallet versus a payroll bank account how companies accurately forecast their payroll costs to increase working capital and how simplifying International payroll payments can turn them from a siled pane into a strategic asset so payroll can be difficult in enough in one nation however when you're doing it internationally it's next level and Beyond it becomes complex for a variety of factors most importantly policies compliance data security and banking guidelines then there are the large numbers they add further complexity the worldwide Labor force is presently three 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 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 all over the world in the conventional payroll design there's often a frustrating number of various systems causing time-consuming manual procedures and silos the variety of Integrations could be non-existent in large quantities and or very extremely fundamental there's no real consistency structure we're living in an age of tech however payroll has been slow 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 believe
about it to give you a concept of how far there still is to come according to Deloitte only 11 of businesses say they have Labor force information in real time that's another number that offers me sleepless nights and rather frankly the more an organization spends on global payroll the less of an image they see an absence of exposure also reaches payroll payments and failure to properly track these payments can result in compliance accidents in the last mile of the transaction nearly half of worldwide companies have actually revealed that they don't have the level of standardization they require in their processes or desire and as a result eighty percent of mistakes are because of time reporting bad HCM data information entry mistakes inadequately interacted hires and terminations as well as absence management and system setups and after that when you round it all off and the data is delivered to the incorrect place the average cost of a worldwide data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still require to move the money around the globe payroll and payments don't run smoothly if they depend on the required numerous procedures systems and partners it is just not possible so Johnny from a payments point of view and in your experience what else requires to be factored into the obstacles organization face when they're making payments to workers or otherwise that's a great concern I always throw this back and say what is it what doesn't need to be included right and what does
it need to be thought about there's varying Bank details so the length of an eye band a swift an account number routing code per nation 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 need to pay from the customer's own in-country account so there's complexity anywhere you look ideal ultimately developing a knowledge base is absolutely crucial but everywhere you look with payroll payment they are like extremely payments no if however some infants 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 acknowledgment that payroll payments are absolutely basic and innovation is permitting us to type of progress with that it likewise as well to contribute to that payroll and finance require to work closer together um with differing Savings account Particulars differing banking requirements and setup procedures is absolutely essential that payroll and finance teams work better together than ever um I'm always amazed when people say I've split payroll and payment um if you walk down the street and asked anyone what is payroll who does not operate in the payroll occupation 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 eventually it's payroll is an end-to-end procedure it's the point of information collection all the way through to paying individuals any place they are but likewise paying statutory authorities and on statutory third parties so with the
world we reside in and well-being being more and more important to contribute to sort of the level of complexity there's increasingly more advantages being organ or being offered by businesses across the world so again you're just seeking to include a growing number of payments to this already intricate landscape so if you sort of got any experience well I'm from your large experience here and I make certain however have you got any experience in kind of genuine difficulties or real tough sort of pay uses to play to pay people I believe yeah I mean over the last well yeah a number of decades I would certainly state that the larger a service gets the more it tends to segregate the payroll and the payments works um there are groups doing one part of the job there are teams feeding info into the next function as it were that's really 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 need to produce extra handoffs at the same times that we run in they simply make them more prompt they make them less efficient and they do not make them what they require to be in in an age of tech and an era that you understand that we are operating in today there is no reason that we are still making this as hard as it requires to be agreed and appropriately as you stated payroll is the single greatest liability that any organization has from a cost viewpoint from an impact point of view on staff members it is absolutely crucial 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 have to be done right it has the greatest destructive result on individuals's wellness and lots of other elements if individuals aren't paid uh I've always been surprised coming into this Market type of the last five to 10 years is how little thanks the
payroll team get um so I'm not exactly sure anybody on this type of webinar has actually 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 workers or not um however eventually payroll is such an important cycle all of us hear about it when it fails everyone jumps up and down when it goes wrong but when it goes right it's just a tick box exercise and I think that's how it's seen from the external view as well um so yeah it's also like why WI-Fi Global why all of this stuff is absolutely crucial that all of this stuff is done correctly so leveraging the first International Payments very first payroll payment service is an excellent first step um offering an end-to-end payroll service for your workers globally again I think is another big um procedure once again lining up and ensuring you have standardization International procedures all of those things are absolutely key to success success of companies and reducing the variety of tools platforms and checking account 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 have actually never ever had a hundred thousand of them within a payroll cycle do not expect to you do get the odd five or 10 or whatever it might be with the with the the problems where things haven't gone rather where they're implied to be um I do not believe any of us are in fact doing that for for the thanks
anyhow we know 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 processes and likewise so think of sorry I'm just I was just gon na say envision the amount of thanks you got if you could cover the quantity of people that we cover within this webinar I make sure we're speaking about hundreds of thousands potentially Millions envision getting that lots of thank you notes um I suggest it 'd be interesting to see how many Post-it notes you got but it would absolutely be an interesting job trying to clean up all those up for sure oh definitely I can't envision 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 really see what was going on and type of shot to get back to everyone so proceeding look why do business choose to main separate savings account there are services out there doing precisely this for particular nations and I've worked in a service or numerous organizations doing exactly that I can state it doesn't always feel effective and it does develop more work I understand we're not intentionally doing that we're not producing additional work for anyone where we do not need to and anybody that's managing 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 quantity that we are I believe numerous reasons one is it's the standard I believe individuals have actually got so utilized to we require a brand-new savings account we open an entity and rightly so you need it for payroll purposes but there are a number of markets where it's not a requirement so I believe it's simply been the requirement and the standard individuals have actually adopted and continue to do over years and years passed by to contribute to that people have actually looked at things like trust accounts and lots of other ways um to to type of do it so I think there's a range I think this is a process that needs looking at it requires changing but ultimately people are very stuck with what they're familiar
with ideal um change is a challenging thing we all do not like change um so I think it's simply sort of moving away from the norm as we have actually said so yeah so it keeps a great deal of track of things um I comprehend obviously the benefits of having preserving several bank accounts however there's a substantial quantity of complexity chooses setting up a savings account maintaining it guaranteeing it can send International transfers guaranteeing it's established with the best user accesses for specific individuals so the intricacy is substantial however I think the truthful response is modification um individuals haven't been able to change or haven't had necessarily the understanding to truly make that change into alternate Solutions other than opening a checking account I think you've struck the nail on the head I believe it is knowledge you understand and there is an element of resistance to change however we've always done it that way is no real excuse for not taking a look at the the benefits and the possibilities of moving on and moving into you understand what could nearly be figured out to be the next Century approximately there is a lot to track and this method does posture numerous difficulties um so Johnny could you inform us about those obstacles yeah obviously so there's a range right there is so
I just recently made a change to our Enterprise system by transitioning to OS. As a result, we can now manage our payroll and payment tasks on one platform. It seems like our CFO has actually gained another CFO, and with this boosted capability, I have successfully protected payments for our 10,000 workers worldwide. Your commitment to mastering worldwide payroll and payments using Papaya payroll OS is commendable. You should have a corner workplace with a parking space that is more detailed, considering your accomplishments.
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