Find out more about Papaya Global Hr Software For Businesses With Multilingual Employees ... We now have the ability to handle both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has actually gotten a separate Chief Financial Officer particularly dedicated to managing payments. This offers us with a safe and secure and dependable approach of making payments to our 10,000 workers worldwide.}
the BEST international payroll managment app, saves me hours of time on a monthly basis, one single dashboard for my payroll, EOR and professionals
Employee Portal
Workers have access to a Staff member Website where they can view their pay slips, wage and tax statements and work documents. The website is readily available in numerous languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global assists companies provide competitive benefits packages to international staff members no matter the number of staff members in the business. The business can set up health insurance, short-term and long-term special needs, vision, oral and maternity leave while eliminating the need to source local advantages suppliers in every nation, create regional accounts and have a minimum number of workers.
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 license assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce costs, labor force variety, total employment expenses dispersed per location, total work costs per cycle and much more.
environments around the world I provided management and strategy to populations of over a hundred thousand workers in more than 170 countries today I'm the payroll strategies for as Mark stated I work across business handling and building external relationships supporting Enterprise clients and options along with functioning as a consultant for those of you that do not know who papaya Global is papaya is the first payroll and payments
As a global company, we are honored to be included on the prominent Time 100 list of the most influential business worldwide. We focus on supplying payroll and labor force management services to employees in more than 160 nations. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny present himself. Good day to all, despite your place. It's an enjoyment to fulfill you and thank you for your valuable time. As Ian mentioned, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments industry, I have actually concentrated on payroll and payment services for the past 7 years. The complexities and challenges of this field have always mesmerized me.
payroll payments and decided to kind of make a genuine go at that over the last 5 or 6 years where I've type of had a variety of different roles on the company side and likewise on the supplier side from a payroll viewpoint so truly looking forward to this conversation today um and yeah thank you quite for your time everybody all right thanks Johnny uh we'll just provide everybody another number of uh well among the 30 seconds approximately to join we all work back to back nowadays so we'll type of let them do that so it 'd be rather intriguing and I can see it going on currently just to hear where everybody is um it's nice to to type of like see where everybody comes from and I truly do hope it's much sunnier than it is in the UK today definitely not the peak of the sunlight is it it's not no it's it's raining here it's very extremely dreary and I wish I was elsewhere at this moment in time alright so let's get started our program for today is as follows um we are going to be taking a look at the obstacle years of handling International payroll why companies preserve separate
Virtual payroll accounts are an option to conventional savings account for handling payroll payments. This is particularly helpful for worldwide companies with dispersed and remote labor forces, as it streamlines the complicated process of cross-border payments. Instead of maintaining different bank accounts for payroll in various countries, virtual accounts and digital wallets use a more structured solution. In this webinar, we will explore the advantages of using virtual payroll accounts and go over why they are ending up being a strategic possession for payroll executives. We will likewise provide a wrap-up of the main points covered and leave time for a Q&A session at the end.
Guaranteeing precise, efficient, and prompt payroll payments is a complex difficulty for services operating globally. Join us for a webinar to check out the benefits and drawbacks of payroll wallets versus payroll savings account, find out how business forecast payroll expenses to enhance working capital, and find how streamlining worldwide payroll payments can transform them from a difficult task into a strategic asset.
Handling payroll internationally is an overwhelming task due to various policies, compliance requirements, data security concerns, and banking guidelines. The sheer number of employees and businesses contributes to the complexity, with an approximated 3.5 billion people in the international workforce, 500 countless whom remain in Africa, and 230 million companies worldwide.
Conventional payroll systems frequently lead to manual processes, information silos, and an absence of integration, causing inconsistencies and ineffectiveness. Regardless of living in an era of technological improvements, payroll management has been slow to adapt, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar objectives to provide insights and options to streamline and enhance worldwide payroll payments.
about it to provide you a concept of how far there still is to come according to Deloitte only 11 of companies say they have Workforce data in real time that's another number that gives me sleep deprived nights and rather frankly the more a service invests in worldwide payroll the less of a photo they see a lack of presence also encompasses payroll payments and failure to precisely track these payments can lead to compliance accidents in the last mile of the transaction nearly half of international services have 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 due to time reporting poor HCM data data entry mistakes inadequately interacted hires and terminations in addition to lack management and system setups and then when you round all of it off and the data is delivered to the wrong place the typical cost of a worldwide information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the cash all over the world payroll and payments do not run efficiently if they count on the necessary multiple procedures systems and partners it is simply not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the challenges company face when they're paying 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 included best 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 time frames 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 customer's own in-country account so there's complexity anywhere you look right ultimately developing a knowledge base is absolutely important however all over you look with payroll payment they are like extremely payments no if however some children about it you are all superheroes processing payments for payroll if you take a look at the type of link between fintech and payroll it's closer than ever I think there's now a bit more recognition that payroll payments are absolutely basic and technology is permitting us to sort of progress with that it also too to add to that payroll and financing need to work closer together um with varying Checking account Particulars varying banking requirements and setup processes is absolutely vital that payroll and financing teams work better together than ever um I'm constantly surprised when individuals state I have actually divided payroll and payment um if you stroll down the street and asked anyone what is payroll who doesn't 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 data collection all the way through to paying individuals any place they are but also paying statutory authorities and on statutory 3rd parties so with the
The contemporary world places a high value on well-being and the compensation landscape is becoming progressively detailed. Companies are constantly introducing brand-new advantages and payment alternatives, which contributes to the overall complexity. Large corporations often divide their payroll and payment processing into different groups, which can lead to ineffectiveness and traffic jams. In my viewpoint, this does not have to hold true. In today's technically sophisticated age, there's no justification for maintaining cumbersome treatments. Payroll, the business's most significant expense, need to be processed correctly and on time. Even slight delays can adversely affect employees' wellness and have significant repercussions. For that reason, it's crucial to focus on precise and prompt payments.
payroll group get um so I'm not exactly sure anybody on this kind of webinar has actually been told thank you for processing my payroll properly if you have it 'd be excellent to hear your success story and whether that's been from all workers or not um but ultimately payroll is such a crucial cycle we all become aware of it when it goes wrong everyone jumps up and down when it goes wrong however when it goes right it's just a tick box workout and I believe that's how it's seen from the external view as well um so yeah it's likewise like why WI-Fi Global why all of this stuff is absolutely essential that all of this stuff is done properly so leveraging the very first International Payments first payroll payment option is a terrific initial step um supplying an end-to-end payroll option for your employees internationally again I think is another substantial um process once again lining up and guaranteeing you have standardization Global procedures all of those things are definitely essential to success success of businesses and reducing the number of tools platforms and savings account they need for their Global payroll too could not agree with you more and on the the front in terms of of the thank yous for getting payroll done I've never had a hundred countless them within a payroll cycle do not expect to you do get the odd 5 or ten or whatever it might be with the with the the complaints where things haven't gone quite where they're meant to be um I do not believe any of us are actually doing that for for the thanks
anyhow we know how how important a function 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 likewise so think of sorry I'm simply I was simply gon na state picture the amount of thanks you got if you might cover the amount of individuals that we cover within this webinar I make sure we're speaking about hundreds of thousands possibly Millions imagine getting that many thank you keeps in mind um I suggest it 'd be interesting to see how many Post-it notes you got but it would certainly be an interesting job attempting to clean all those up for sure oh absolutely 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 attempt to look through them and really see what was going on and sort of try to get back to everyone so carrying on appearance why do business choose to primary separate savings account there are services out there doing precisely this for particular countries and I've worked in a company or lots of businesses doing exactly that I can say it doesn't always feel effective and it does create more work I understand we're not purposely doing that we're not developing extra work for any person where we do not need to and anyone that's managing that process I 'd be interested to hear your ideas Johnny why do you believe that we're doing that in in the in the amount that we are I think lots of reasons one is it's the requirement I think people have got so utilized to we need a brand-new checking 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 simply been the requirement and the standard individuals have actually embraced and continue to do over years and years gone past to contribute to that people have actually taken a look at things like trust accounts and lots of other ways um to to type of do it so I believe there's a range I think this is a process that needs taking a look at it needs changing however ultimately people are very stuck to what they recognize
with ideal um modification is a difficult thing we all do not like modification um so I think it's just kind of moving far from the standard as we've said so yeah so it keeps a lot of track of stuff um I understand clearly the advantages of having preserving several savings account but there's a huge amount of complexity chooses setting up a savings account maintaining it ensuring it can send International transfers guaranteeing it's established with the ideal user accesses for private individuals so the complexity is huge but I believe the sincere response is change um people haven't been able to change or have not had always the understanding to really make that change into alternate Solutions aside from opening a savings account I believe you've struck the nail on the head I believe it is knowledge you understand and there is an aspect of resistance to alter but we've always done it that way is no real reason for not looking at the the benefits and the possibilities of carrying on and moving into you understand what might almost be identified to be the next Century approximately there is a lot to monitor and this technique does pose a number of challenges um so Johnny could you tell us about those challenges yeah naturally so there's a variety right there is so
I recently made a modification to our Business 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 gained another CFO, and with this enhanced ability, I have effectively protected payments for our 10,000 employees worldwide. Your commitment to mastering international payroll and payments utilizing Papaya payroll OS is commendable. You are worthy of a corner workplace with a parking space that is closer, considering your achievements.
Papaya Global Bhutan