Find out more about Papaya Global Israel Phone Number ... We now have the capability to manage both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has actually obtained a separate Chief Financial Officer particularly committed to managing payments. This offers us with a safe and secure and trustworthy method of paying to our 10,000 staff members worldwide.}
the BEST global payroll managment app, conserves me hours of time every month, one single control panel for my payroll, EOR and contractors
The Employee Website supplies employees with the ability to access and view essential documents such as pay slips, wage and tax declarations, and work records. This website is accessible on both desktop and mobile devices and is used in numerous languages.
Benefits Administration
Papaya Global helps business provide competitive benefits bundles to worldwide workers regardless of the number of workers in the business. The company can establish medical insurance, short-term and long-term special needs, vision, oral and maternity leave while getting rid of the need to source regional benefits companies in every nation, create local accounts and have a minimum variety of staff members.
International HR Functionalities
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and migration services if your staff members require work permit support.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce costs, workforce variety, overall employment expenses dispersed per place, overall employment costs per cycle and a lot more.
Globally, I have shown leadership and strategic expertise in assisting large-scale populations of over 100,000 workers throughout 170 nations. Presently, I am responsible for supervising payroll techniques, as mentioned by Mark. My role involves handling and developing external collaborations, supporting Enterprise clients, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services company.
As a worldwide business, we are honored to be included on the distinguished Time 100 list of the most prominent companies worldwide. We focus on providing payroll and labor force management services to employees in more than 160 countries. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny introduce himself. Good day to all, despite your area. It's a satisfaction to fulfill you and thank you for your important time. As Ian discussed, I am Johnny Nash, the director of payments at our company. With over a years of experience in the payments industry, I have concentrated on payroll and payment solutions for the past 7 years. The complexities and obstacles of this field have actually always captivated me.
payroll payments and decided to kind of make a genuine go at that over the last five or 6 years where I have actually kind of had a range of different functions on the supplier side and likewise on the vendor side from a payroll point of view so actually eagerly anticipating this discussion today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll just give everybody another couple of uh well one of the 30 seconds approximately to join we all work back to back these days so we'll kind of let them do that so it 'd be rather interesting and I can see it going on already just to hear where everyone is um it's nice to to sort of like see where everyone comes from and I actually do hope it's much sunnier than it is in the UK today certainly not the peak of the sunshine is it it's not no it's it's drizzling here it's very very dreary and I wish I was somewhere else at this moment in time fine so let's begin 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
bank accounts payroll virtual wallets versus payroll checking account payroll payroll uh sorry papaya payroll payments forecasting payroll costs using virtual payroll accounts improving papaya Global payroll payments as a strategic property uh we'll also discuss a wrap-up and that needs to leave his time at the really really end for a q a session so as the title of the webinar recommends payroll officers on relocating to Virtual payroll accounts and here is why as dispersed to remote and International workforces become more and more typical and handling them ends up being more and more intricate Global organizations are seeking to discover Solutions and new ways to improve procedures particularly from a payroll and cross-border payment perspective numerous organizations preserve separate bank account just for payroll while some have multiple accounts in different nations does it make good sense for companies to keep different savings account often in various countries it does but just for payroll is there a better way what role do virtual accounts and digital wallets likewise called virtual wallets play in helping international business enhance the episode complex procedures of
making payroll payments properly effectively firmly and on time during this webinar we'll stroll you through the worldwide benefits and drawbacks of a payroll wallet versus a payroll savings account how companies properly anticipate their payroll expenses to increase working capital and how improving International payroll payments can turn them from a siled pane into a strategic property so payroll can be challenging in adequate in one nation however when you're doing it worldwide it's next level and Beyond it ends up being intricate for a range of reasons most significantly policies compliance information security and banking rules then there are the sheer numbers they include further intricacy the global Labor force is currently three and a half billion people by 2030 it's approximated that in Africa alone they will contribute and further 1.1 billion individuals that number is currently 500 million just for for a scale then consider that there are some 230 million services and growing all doing their own thing around the globe in the traditional payroll model there's often an overwhelming variety of various systems causing lengthy manual processes and silos the number of Integrations could be non-existent in big amounts and or really very basic there's no genuine consistency framework we're residing in an age of tech but payroll has been sluggish to get on board in fact as much as 25 of payroll is still done by hand often with pen and paper which simply blows my mind every 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 organizations state they have Workforce data in real time that's another number that gives me sleep deprived nights and quite honestly the more an organization spends on international payroll the less of a picture they see a lack of presence likewise encompasses payroll payments and inability to accurately track these payments can result in compliance mishaps in the last mile of the deal nearly half of worldwide services have actually expressed that they do not have the level of standardization they need in their procedures or desire and as a result eighty percent of errors are due to time reporting bad HCM data information entry mistakes improperly interacted hires and terminations as well as lack management and system configurations and after that when you round all of it off and the data is delivered to the wrong location the average cost of a worldwide data breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the cash around the globe payroll and payments do not run smoothly if they depend on the essential several processes systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the obstacles business face when they're paying to employees or otherwise that's a great concern I constantly toss this back and say what is it what doesn't need to be included ideal and what does
it require to be thought of there's varying Bank details so the length of an eye band a swift an account number routing code per nation there's payment timespan 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 consumer's own in-country account so there's complexity anywhere you look ideal ultimately building a knowledge base is absolutely critical but all over you look with payroll payment they resemble incredibly payments no if but some babies about it you are all superheroes processing payments for payroll if you 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 essential and innovation is permitting us to type of move forward with that it likewise also to add to that payroll and finance need to work closer together um with differing Checking account Details varying banking requirements and setup procedures is absolutely crucial that payroll and finance groups work closer together than ever um I'm constantly surprised when people say I have actually divided payroll and payment um if you stroll down the street and asked anyone what is payroll who does not operate in the payroll occupation would they divide 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 ultimately it's payroll is an end-to-end procedure it's the point of data collection all the way through to paying people wherever they are but also paying statutory authorities and on statutory third parties so with the
world we reside in and wellness being more and more essential to add to sort of the level of intricacy there's increasingly more advantages being organ or being provided by services across the world so again you're simply seeking to include a growing number of payments to this currently intricate landscape so if you type of got any experience well I'm from your huge experience here and I make certain but have you got any experience in kind of real difficulties or real tough kind of pay utilizes to play to pay people I think yeah I imply over the last well yeah a couple of decades I would absolutely state 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 groups feeding information into the next function as it were that's in fact handling the payment side of things but you know in in my viewpoint and my experience that does not always need to be the case you know long gone are the times where we require to produce extra handoffs in the processes that we operate in they simply make them more prompt they make them less efficient and they don't make them what they require to be in in an era of tech and an era that you know that we are working in today there is no reason why we are still making this as hard as it requires to be concurred and appropriately as you stated payroll is the single biggest liability that any company has from a cost perspective from an effect point of view on workers it is definitely vital 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 need to be done right it has the biggest damaging result on individuals's well-being and lots of other aspects if people aren't paid uh I've constantly been impressed coming into this Market kind of the last 5 to ten years is how little thanks the
payroll team get um so I'm uncertain anyone on this kind of webinar has been told thank you for processing my payroll properly if you have it 'd be fantastic to hear your success story and whether that's been from all staff members or not um however eventually payroll is such an important cycle all of us find out about it when it fails everybody jumps up and down when it fails however when it goes right it's just a tick box workout 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 essential that all of this things is done properly so leveraging the very first Worldwide Payments first payroll payment solution is a fantastic first step um offering an end-to-end payroll option for your staff members internationally once again I believe is another huge um process again lining up and guaranteeing you have standardization Worldwide procedures all of those things are absolutely key to success success of organizations and decreasing the number of tools platforms and bank accounts they require for their International 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've never ever had a hundred countless them within a payroll cycle don't anticipate to you do get the odd five or 10 or whatever it might be with the with the the grievances where things haven't gone quite where they're meant to be um I don't think any of us are in fact doing that for for the thanks
anyway we understand how how important 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 simple as possible for everybody that's associated with those processes and likewise so picture sorry I'm simply I was simply gon na state imagine the amount of thanks you got if you could cover the amount of individuals that we cover within this webinar I make certain we're talking about numerous thousands possibly Millions think of getting that many thank you keeps in mind um I indicate it 'd be interesting to see how many Post-it notes you got however it would absolutely be a fascinating job attempting to clean all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that held true um you 'd need days of the week to try to check out them and in fact see what was going on and type of try to get back to everybody so moving on appearance why do companies pick to main separate savings account there are organizations out there doing exactly this for particular nations and I have actually operated in a company or numerous services doing exactly that I can say it doesn't always feel effective and it does produce more work I know we're not purposely doing that we're not developing extra work for any person where we do not have to and anybody that's handling that procedure 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 believe many reasons one is it's the requirement I think individuals have actually got so used to we need a brand-new savings account we open an entity and appropriately so you need it for payroll functions however there are a variety of markets where it's not a requirement so I believe it's simply been the requirement and the standard the people have actually adopted and continue to do over years and years gone past to add to that people have looked at things like trust accounts and numerous other methods um to to type of do it so I believe there's a range I believe this is a process that needs taking a look at it requires changing but eventually people are very stuck with what they recognize
with ideal um modification is a difficult thing all of us don't like change um so I believe it's just sort of moving away from the norm as we've said so yeah so it keeps a lot of track of things um I comprehend clearly the advantages of having maintaining numerous checking account but there's a substantial amount of complexity goes with setting up a checking account keeping it ensuring it can send International transfers ensuring it's established with the ideal user accesses for private individuals so the complexity is substantial but I think the sincere answer is change um people haven't had the ability to alter or haven't had always the knowledge to really make that change into alternate Solutions besides opening a checking account I believe you've struck the nail on the head I believe it is understanding you know and there is a component of resistance to change however we've constantly done it that way is no real excuse for not looking at the the advantages and the possibilities of carrying on and moving into you know what might nearly be identified to be the next Century or so there is a lot to monitor and this method does posture numerous difficulties um so Johnny could you tell us about those difficulties yeah obviously so there's a variety right there is so
I simply did you changed our Enterprise to OS so now we can do our payroll and payments operation on a single platform yes it resembles our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 Worldwide workers you deserve a corner workplace with a better parking space because I mastered International payroll and payments with Papaya payroll OS did you
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