Find out more about Papaya Global טלפון ... We now have the capability to manage both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has actually acquired a different Chief Financial Officer specifically devoted to handling payments. This supplies us with a safe and secure and trustworthy technique 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 dashboard for my payroll, EOR and specialists
Employee Portal
Employees have access to a Worker Portal where they can view their pay slips, wage and tax declarations and work files. The website is available in several languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global helps companies use competitive advantages bundles to global employees regardless of the variety of employees in the business. The business can establish health insurance, short-term and long-term impairment, vision, oral and maternity leave while getting rid of the need to source local advantages companies in every nation, create regional accounts and have a minimum number of staff members.
International HR Performances
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and immigration services if your staff members need work license help.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce spending, labor force diversity, overall work expenses distributed per location, total employment expenses per cycle and a lot more.
Internationally, I have demonstrated management and strategic competence in guiding massive populations of over 100,000 workers throughout 170 countries. Currently, I am responsible for overseeing payroll techniques, as discussed by Mark. My function involves managing and developing external partnerships, supporting Business clients, and supplying advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions service provider.
business to make the time 100 list for most prominent business worldwide we provide payroll payments and workforce management to all worker key ins over 160 nations I am pleased to say that we likewise have as Mark stated Johnny Nash with us today Johnny would you like to present yourself of course thank you good morning great afternoon great night depending on where you are in the world it's lovely to meet 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 industry for over ten years and particularly working on the payroll and payment sector for over 7 years um I was amazed by the complexity the difficulty in all of the above of
payroll payments and chose to sort of make a real go at that over the last 5 or 6 years where I've kind of had a variety of different roles on the service provider side and also on the supplier side from a payroll viewpoint so actually eagerly anticipating this conversation today um and yeah thank you very much for your time everyone okay thanks Johnny uh we'll just provide everyone another number of uh well one of the 30 seconds or two to join we all work back to back nowadays so we'll sort of let them do that so it 'd be quite intriguing and I can see it going on currently simply 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 certainly not the peak of the sunlight is it it's not no it's it's raining here it's really very uninspiring and I wish I was elsewhere at this moment in time alright so let's begin our program for today is as follows um we are going to be taking a look at the difficulty years of managing International payroll why business keep different
checking account payroll virtual wallets versus payroll savings account payroll payroll uh sorry papaya payroll payments forecasting payroll expenses utilizing virtual payroll accounts simplifying papaya Worldwide payroll payments as a tactical possession uh we'll likewise go over a recap and that ought to leave his time at the really really end for a q a session so as the title of the webinar suggests payroll officers on relocating to Virtual payroll accounts and here is why as dispersed to remote and International workforces end up being a growing number of typical and managing them ends up being increasingly more complicated Global companies are aiming to find Solutions and brand-new methods to streamline processes specifically from a payroll and cross-border payment viewpoint numerous organizations preserve different savings account just for payroll while some have several accounts in different countries does it make sense for business to keep separate bank accounts sometimes in various countries it does however just for payroll exists a better way what role do virtual accounts and digital wallets also called virtual wallets play in helping international business simplify the episode complex processes of
Making sure precise, efficient, and timely payroll payments is a complex difficulty for organizations running internationally. Join us for a webinar to explore the advantages and disadvantages of payroll wallets versus payroll savings account, discover how business forecast payroll expenses to optimize working capital, and discover how simplifying worldwide payroll payments can change them from a difficult job into a tactical property.
Managing payroll globally is an overwhelming job due to various regulations, compliance requirements, information security concerns, and banking rules. The large variety of staff members and services adds to the complexity, with an approximated 3.5 billion people in the global workforce, 500 million of whom are in Africa, and 230 million businesses worldwide.
Conventional payroll systems frequently result in manual processes, data silos, and an absence of integration, resulting in disparities and inefficiencies. Regardless of living in a period of technological developments, payroll management has been sluggish to adjust, with as much as 25% of payroll still processed manually, typically utilizing pen and paper. This webinar aims to provide insights and services to streamline and enhance worldwide payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of organizations say they have Labor force data in real time that's another number that offers me sleepless nights and rather frankly the more a company spends on worldwide payroll the less of a picture they see a lack of presence also reaches payroll payments and failure to accurately track these payments can result in compliance accidents in the last mile of the transaction nearly half of international organizations 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 poor HCM information information entry errors poorly communicated hires and terminations as well as lack management and system configurations and after that when you round it all off and the data is shipped 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 all over the world payroll and payments do not run smoothly if they rely on the needed numerous procedures 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 obstacles company face when they're paying to employees or otherwise that's an excellent concern I constantly toss this back and state what is it what does not require to be consisted of ideal 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 timespan 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 any place you look ideal ultimately building a knowledge base is absolutely vital but everywhere you look with payroll payment they resemble super payments no if however some babies about it you are all superheroes processing payments for payroll if you take a 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 fundamental and innovation is permitting us to kind of progress with that it likewise too to add to that payroll and finance need to work closer together um with varying Checking account Particulars varying banking requirements and setup processes is absolutely vital that payroll and financing groups work more detailed together than ever um I'm constantly amazed when people state I've split payroll and payment um if you stroll down the street and asked anybody what is payroll who does not work in the payroll profession would they split the payroll payment from computation 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 people wherever they are but also paying statutory authorities and on statutory third parties so with the
world we live in and wellness being a growing number of crucial to add to sort of the level of intricacy there's more and more advantages being organ or being offered by services across the world so once again you're just aiming to include increasingly more payments to this currently intricate landscape so if you type of got any experience well I'm from your vast experience here and I make sure but have you got any experience in kind of genuine difficulties or genuine challenging type of pay utilizes to play to pay individuals I believe yeah I indicate over the last well yeah a number of decades I would absolutely state that the larger an organization gets the more it tends to segregate the payroll and the payments functions um there are groups doing one part of the task there are groups feeding info into the next function as it were that's actually managing the payment side of things however you understand in in my opinion and my experience that doesn't necessarily require to be the case you understand long gone are the times where we require to produce additional handoffs while doing sos that we operate in they just make them more prompt they make them less effective and they do not make them what they need to be in in an age of tech and a period that you know that we are operating in today there is no reason that we are still making this as hard as it needs to be agreed and rightly as you stated payroll is the single greatest liability that any service has from a cost point of view from an effect perspective on workers it is definitely crucial that it's done properly and on time so what we indicate by that is not a day before not a day after on pay day and payments need to be done right it has the most significant damaging impact on individuals's wellness and many other factors if individuals aren't paid uh I have actually constantly been amazed entering this Market kind of the last five to ten years is how little thanks the
payroll group get um so I'm uncertain anyone on this sort of webinar has actually 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 workers or not um however eventually payroll is such an essential cycle all of us hear about it when it fails everybody jumps up and down when it goes wrong but when it goes right it's just a tick box exercise and I believe 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 things is definitely important that all of this stuff is done correctly so leveraging the very first International Payments first payroll payment option is an excellent initial step um supplying an end-to-end payroll solution for your staff members worldwide again I believe is another huge um procedure once again lining up and ensuring you have standardization Global procedures all of those things are definitely essential to success success of services and reducing the number of tools platforms and bank accounts they need for their International payroll too couldn't 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 don't anticipate to you do get the odd five or 10 or whatever it might be with the with the the complaints where things haven't gone quite where they're indicated to be um I do not think any of us are actually doing that for for the thanks
anyhow we know how how important 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 picture sorry I'm just I was simply gon na state envision the amount of thanks you got if you might cover the quantity of people that we cover within this webinar I make certain we're speaking about numerous thousands potentially Millions picture getting that lots of 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 absolutely be an intriguing task trying to clean all those up for sure oh definitely I can't picture the size of my my Outlook inbox if that was the case um you 'd require days of the week to try to browse them and really see what was going on and sort of try to get back to everybody so moving on appearance why do business choose to primary different bank accounts there are businesses out there doing precisely this for specific countries and I have actually operated in a business or many organizations doing exactly that I can say it doesn't constantly 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 thoughts Johnny why do you think that we're doing that in in the in the quantity that we are I think numerous factors one is it's the standard I believe people have actually got so used to we need a brand-new checking account we open an entity and appropriately so you need it for payroll purposes but there are a variety of markets where it's not a requirement so I think it's just been the requirement and the norm individuals have embraced and continue to do over years and years passed by to add to that individuals have taken a look at things like trust accounts and numerous other methods um to to kind of do it so I think there's a range I think this is a procedure that needs taking a look at it requires altering however ultimately people are really stuck to what they recognize
with ideal um modification is a tough thing we all don't like modification um so I think it's simply type of moving far from the standard as we have actually said so yeah so it keeps a lot of track of stuff um I comprehend obviously the advantages of having preserving numerous savings account however there's a big quantity of complexity goes with setting up a savings account keeping it guaranteeing it can send International transfers ensuring it's established with the best user accesses for specific people so the intricacy is big but I think the truthful answer is modification um individuals haven't been able to change or haven't had necessarily the knowledge to truly make that change into alternate Solutions besides opening a savings account I think you've hit the nail on the head I think it is knowledge you understand and there is an aspect of resistance to alter however we have actually constantly done it that way is no genuine excuse for not taking a look at the the advantages and the possibilities of carrying on and moving into you understand what might nearly be figured out to be the next Century or so there is a lot to monitor and this approach does posture several obstacles um so Johnny might you inform us about those challenges yeah obviously so there's a variety 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 Global workers you deserve a corner office with a more detailed parking space because I mastered Global payroll and payments with Papaya payroll OS did you
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