Find out more about Papaya Global Careers ... We now have the ability to handle both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has gotten a separate Chief Financial Officer specifically committed to handling payments. This supplies us with a safe and reputable method of paying to our 10,000 employees worldwide.}
the very best worldwide payroll managment app, conserves me hours of time monthly, one single control panel for my payroll, EOR and professionals
The Employee Portal provides workers with the ability to gain access to and view crucial files such as pay slips, wage and tax statements, and employment records. This website is accessible on both desktop and mobile devices and is offered in various languages.
Benefits Administration
Papaya Global assists business use competitive benefits packages to worldwide staff members despite the variety of staff members in the business. 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 benefits service providers in every country, develop local accounts and have a minimum variety of employees.
Global HR Performances
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and immigration services if your workers require work license support.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force costs, labor force variety, total work costs dispersed per location, overall employment expenses per cycle and far more.
environments around the world I provided leadership and technique to populations of over a hundred thousand workers in more than 170 nations today I'm the payroll methods for as Mark said I work throughout business managing and structure external relationships supporting Business clients and solutions along with acting as an advisor for those of you that don't know who papaya Worldwide is papaya is the very first payroll and payments
business to make the time 100 list for a lot of prominent companies in the world we provide payroll payments and labor force management to all employee key ins over 160 countries I am pleased to say that we also have as Mark said Johnny Nash with us today Johnny would you like to introduce yourself of course thank you good morning excellent afternoon excellent evening depending on where you are in the world it's lovely 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 10 years and particularly dealing with the payroll and payment sector for over seven years um I was captivated 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 type of had a range of various roles on the company side and also on the vendor side from a payroll perspective so really eagerly anticipating this conversation today um and yeah thank you very much for your time everybody fine thanks Johnny uh we'll simply provide everyone another couple 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 quite interesting and I can see it going on currently just to hear where everyone is um it's nice to to sort of like see where everybody originates from and I really do hope it's much sunnier than it is in the UK today certainly not the peak of the sunlight is it it's not no it's it's raining here it's really extremely gloomy and I wish I was somewhere else at this moment in time all right so let's get going our program for today is as follows um we are going to be taking a look at the challenge years of handling International payroll why companies maintain separate
Virtual payroll accounts are an alternative to traditional savings account for managing payroll payments. This is especially helpful for global organizations with dispersed and remote workforces, as it streamlines the complex process of cross-border payments. Instead of keeping different savings account for payroll in different nations, virtual accounts and digital wallets offer a more streamlined solution. In this webinar, we will check out the advantages of using virtual payroll accounts and talk about why they are becoming a tactical property for payroll executives. We will likewise offer a recap of the main points covered and leave time for a Q&A session at the end.
Making sure precise, effective, and prompt payroll payments is a complex challenge for organizations operating globally. Join us for a webinar to explore the advantages and drawbacks of payroll wallets versus payroll bank accounts, find out how business forecast payroll costs to optimize working capital, and discover how improving global payroll payments can change them from a difficult job into a tactical asset.
Handling payroll globally is a daunting job due to numerous guidelines, compliance requirements, information security concerns, and banking guidelines. The large variety of workers and services adds to the complexity, with an estimated 3.5 billion people in the international workforce, 500 countless whom remain in Africa, and 230 million services worldwide.
Traditional payroll systems often lead to manual procedures, data silos, and a lack of integration, resulting in disparities and inadequacies. Regardless of living in an age of technological improvements, payroll management has actually been sluggish to adjust, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar objectives to provide insights and solutions to simplify and optimize worldwide payroll payments.
about it to provide you an idea of how far there still is to come according to Deloitte only 11 of services state they have Labor force data in real time that's another number that offers me sleep deprived nights and rather honestly the more a company spends on worldwide payroll the less of a picture they see a lack of presence likewise reaches payroll payments and inability to precisely track these payments can result in compliance mishaps in the last mile of the deal nearly half of worldwide companies have actually expressed that they do not 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 information information entry mistakes badly interacted hires and terminations along with absence management and system configurations and after that when you round everything off and the data is delivered 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 need to move the cash worldwide payroll and payments do not run efficiently if they rely on the essential numerous procedures systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the difficulties organization face when they're making payments to staff members or otherwise that's an excellent concern I always toss this back and say what is it what doesn't require to be consisted of right and what does
it need 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 amount of time 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 anywhere you look right ultimately building a knowledge base is absolutely vital but everywhere you look with payroll payment they resemble incredibly payments no if however some children about it you are all superheroes processing payments for payroll if you look at the kind of link in between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are absolutely essential and innovation is enabling us to kind of move forward with that it likewise also to add to that payroll and financing require to work closer together um with differing Checking account Particulars differing banking requirements and setup processes is absolutely imperative that payroll and financing teams work closer together than ever um I'm always impressed when people say I have actually split payroll and payment um if you walk down the street and asked anybody what is payroll who does not work in the payroll profession would they divide the payroll payment from calculation 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 people anywhere they are however also paying statutory authorities and on statutory third parties so with the
The contemporary world puts a high value on well-being and the payment landscape is becoming progressively complex. Organizations are continuously presenting brand-new benefits and payment alternatives, which contributes to the general intricacy. Big corporations often divide their payroll and payment processing into separate groups, which can lead to inefficiencies and traffic jams. In my opinion, this does not need to hold true. In today's technologically innovative age, there's no validation for preserving cumbersome procedures. Payroll, the company's biggest expenditure, should be processed correctly and on time. Even small delays can negatively affect workers' wellness and have far-reaching consequences. For that reason, it's vital to focus on accurate and prompt payments.
The payroll team might not have been thanked for properly processing payroll throughout 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 an important cycle, and people only observe when things fail. Nevertheless, when things go right, it's viewed as simply a regular task. This is how it's viewed externally as well. For that reason, it is necessary to make sure that jobs like Wi-Fi Worldwide and other important matters are done correctly. Using the first International Payments very first payroll payment service is an excellent initial action towards offering a thorough payroll solution for employees worldwide. Standardization, worldwide procedures, and reducing the variety of tools, platforms, and checking account required for worldwide payroll are key consider achieving company success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do periodically receive a couple of complaints when things don't go as prepared. Eventually, we don't do it for the appreciation.
anyhow we understand how how crucial a role 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 easy as possible for everyone that's involved in those procedures and also so picture sorry I'm just I was simply gon na say picture the quantity of thanks you got if you might cover the amount of individuals that we cover within this webinar I make certain we're talking about numerous thousands potentially Millions imagine getting that many thank you notes um I indicate it 'd be interesting to see how many Post-it notes you got however it would certainly be an intriguing job trying to clean up all those up for sure oh absolutely I can't picture the size of my my Outlook inbox if that was the case um you 'd need days of the week to try to browse them and actually see what was going on and sort of shot to get back to everyone so proceeding appearance why do companies choose to main different checking account there are services out there doing precisely this for particular countries and I have actually worked in a business or many businesses doing precisely that I can state it doesn't always feel effective and it does produce more work I know we're not purposely doing that we're not creating extra work for any person where we do not need to and anybody that's dealing with that procedure I 'd be interested to hear your thoughts Johnny why do you think that we're doing that in in the in the amount that we are I think numerous reasons one is it's the requirement I think people have actually got so utilized to we require a new savings account we open an entity and rightly so you need it for payroll functions but there are a number of markets where it's not a requirement so I think it's just been the standard and the standard the people have actually embraced and continue to do over years and years gone past to add to that people have actually taken a look at things like trust accounts and numerous other methods um to to type of do it so I believe there's a variety I think this is a procedure that requires taking a look at it needs changing but ultimately people are very stuck with what they recognize
with right um change is a difficult thing we all don't like modification um so I think it's just kind of moving far from the norm as we've said so yeah so it keeps a great deal of track of stuff um I understand clearly the benefits of having keeping numerous bank accounts however there's a big amount of intricacy goes with setting up a bank account keeping it ensuring it can send International transfers guaranteeing it's set up with the right user accesses for specific individuals so the complexity is substantial but I think the sincere answer is change um people haven't had the ability to change or haven't had always the knowledge to actually make that change into alternate Solutions other than opening a checking account I think you have actually struck the nail on the head I believe it is understanding you know and there is an element of resistance to alter however we have actually always done it that way is no genuine reason for not looking at the the benefits and the possibilities of proceeding and moving into you know what could almost be figured out to be the next Century approximately there is a lot to monitor and this method does posture a number of obstacles um so Johnny might you inform us about those obstacles yeah of course so there's a variety right there is so
I just recently made a change to our Enterprise system by transitioning to OS. As a result, we can now handle our payroll and payment jobs on one platform. It feels like our CFO has gained another CFO, and with this improved ability, I have effectively secured payments for our 10,000 workers worldwide. Your commitment to mastering worldwide payroll and payments utilizing Papaya payroll OS is good. You should have a corner workplace with a parking space that is closer, considering your achievements.
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