Find out more about Papaya Global Express Payroll ... We now have the ability to manage both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has actually acquired a different Chief Financial Officer specifically committed to handling payments. This provides us with a safe and secure and reliable approach of paying to our 10,000 staff members worldwide.}
the BEST worldwide payroll managment app, saves me hours of time each month, one single control panel for my payroll, EOR and specialists
Staff member Website
Staff members have access to a Worker Portal where they can see their pay slips, wage and tax statements and work files. The portal is available in multiple languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global helps business offer competitive benefits bundles to global workers despite the number of workers in the company. The business can set up medical insurance, short-term and long-term disability, vision, oral and maternity leave while getting rid of the need to source regional benefits service providers in every nation, develop local accounts and have a minimum number of employees.
The HR abilities provided by International HR incorporate numerous functions such as monitoring getaway time, guaranteeing compliance, facilitating the procedure of inviting new workers and bidding goodbye to departing ones, providing a safe and secure online platform for storing workers' documents, and providing assistance for work permit procedures in case your workers require support because location.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce spending, workforce diversity, overall employment expenses dispersed per place, overall work expenses per cycle and a lot more.
environments around the world I offered management and strategy to populations of over a hundred thousand workers in more than 170 countries today I'm the payroll methods for as Mark said I work across business managing and structure external relationships supporting Business clients and solutions along with serving as a consultant for those of you that don't know who papaya International is papaya is the very first payroll and payments
As a global business, we are honored to be consisted of on the distinguished Time 100 list of the most influential companies worldwide. We concentrate on providing payroll and workforce management services to employees in more than 160 nations. I am delighted to present Johnny Nash, as pointed out by Mark. Now, I'll let Johnny introduce himself. Good day to all, despite your place. 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 market, I have concentrated on payroll and payment options for the past seven years. The complexities and challenges of this field have constantly captivated me.
payroll payments and chose 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 various functions on the provider side and likewise on the supplier side from a payroll viewpoint so truly anticipating this conversation today um and yeah thank you quite for your time everybody okay thanks Johnny uh we'll simply offer 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 everybody is um it's nice to to kind of like see where everybody originates from and I truly do hope it's much sunnier than it is 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 extremely very uninspiring and I want 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 looking at the difficulty years of handling International payroll why business preserve different
Virtual payroll accounts are an alternative to conventional bank accounts for handling payroll payments. This is particularly helpful for worldwide companies with dispersed and remote workforces, as it streamlines the intricate procedure of cross-border payments. Instead of maintaining separate checking account for payroll in different countries, virtual accounts and digital wallets provide a more structured solution. In this webinar, we will check out the benefits of using virtual payroll accounts and discuss why they are ending up being a tactical asset for payroll executives. We will also offer a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
Guaranteeing accurate, effective, and timely payroll payments is a complex challenge for businesses running worldwide. Join us for a webinar to explore the benefits and drawbacks of payroll wallets versus payroll savings account, learn how companies forecast payroll expenses to optimize working capital, and discover how improving global payroll payments can transform them from a challenging job into a tactical possession.
Managing payroll globally is an overwhelming job due to numerous policies, compliance requirements, data security issues, and banking rules. The large variety of employees and organizations contributes to the intricacy, with an estimated 3.5 billion individuals in the worldwide workforce, 500 million of whom are in Africa, and 230 million companies worldwide.
Traditional payroll systems often lead to manual processes, information silos, and a lack of integration, resulting in disparities and inefficiencies. Despite living in an age of technological advancements, payroll management has actually been sluggish to adapt, with as much as 25% of payroll still processed manually, frequently utilizing pen and paper. This webinar aims to offer insights and solutions to simplify and enhance international payroll payments.
about it to provide you an idea of how far there still is to come according to Deloitte only 11 of services say they have Labor force data in real time that's another number that gives me sleepless nights and rather frankly the more a company invests in international payroll the less of a photo they see a lack of exposure likewise encompasses payroll payments and inability to accurately track these payments can cause compliance accidents in the last mile of the deal nearly half of global companies have revealed that they do not have the level of standardization they need in their procedures or desire and as a result eighty percent of mistakes are because of time reporting bad HCM information data entry mistakes inadequately interacted hires and terminations along with absence management and system configurations and then when you round everything off and the data is delivered to the incorrect location the typical expense of a global data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the money around the world payroll and payments don't run efficiently if they rely on the needed numerous processes systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the challenges service face when they're paying to staff members or otherwise that's an excellent concern I constantly throw this back and state what is it what does not need to be consisted of right and what does
it require to be thought about there's varying Bank details so the length of an eye band a swift an account number routing code per country 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 client's own in-country account so there's complexity wherever you look best eventually constructing a knowledge base is absolutely crucial however everywhere you look with payroll payment they resemble super payments no if however some children about it you are all superheroes processing payments for payroll if you take a look at the sort 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 technology is enabling us to sort of progress with that it also as well to add to that payroll and finance need to work closer together um with varying Bank Account Particulars differing banking requirements and setup procedures is absolutely essential that payroll and finance groups work more detailed together than ever um I'm constantly amazed when individuals say I have actually split payroll and payment um if you stroll down the street and asked anybody what is payroll who doesn't work in the payroll occupation would they split the payroll payment from computation 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 eventually it's payroll is an end-to-end process it's the point of data collection all the way through to paying individuals any place they are however likewise paying statutory authorities and on statutory third parties so with the
The contemporary world places a high value on wellness and the payment landscape is becoming significantly detailed. Organizations are continually presenting new advantages and payment options, which contributes to the general intricacy. Big corporations frequently divide their payroll and payment processing into different teams, which can cause inefficiencies and traffic jams. In my viewpoint, this does not have to hold true. In today's technically advanced period, there's no justification for maintaining troublesome treatments. Payroll, the company's most significant expense, need to be processed properly and on time. Even small delays can negatively affect workers' well-being and have significant repercussions. Therefore, it's crucial to focus on precise and prompt payments.
payroll team get um so I'm uncertain anyone on this type of webinar has actually been told thank you for processing my payroll correctly if you have it 'd be excellent to hear your success story and whether that's been from all staff members or not um but ultimately payroll is such an important cycle we all become aware of it when it goes wrong 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 deem well um so yeah it's also like why WI-Fi Global why all of this things is definitely essential that all of this stuff is done correctly so leveraging the first Global Payments very first payroll payment service is a terrific first step um supplying an end-to-end payroll option for your staff members internationally again I believe is another big um procedure again aligning and ensuring you have standardization Global processes 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 Global 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 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 complaints where things haven't gone quite where they're meant 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 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 everybody that's associated with those procedures and likewise so imagine sorry I'm simply I was just gon na state picture the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I make certain we're speaking about numerous thousands potentially Millions envision getting that numerous thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got but it would definitely be an intriguing task attempting to clean up all those up for sure oh absolutely I can't think of the size of my my Outlook inbox if that was the case um you 'd require days of the week to try to look through them and really see what was going on and sort of shot to return to everybody so moving on appearance why do companies choose to main different bank accounts there are businesses out there doing precisely this for specific nations and I've operated in an organization or many organizations doing precisely that I can state it doesn't always feel effective and it does develop more work I know we're not purposely doing that we're not creating extra work for any person where we don't need to and any person that's managing 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 amount that we are I believe numerous factors one is it's the standard I think people have actually got so used to we need a brand-new savings account we open an entity and rightly so you need it for payroll purposes however 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 adopted and continue to do over years and years passed by to contribute to that individuals have actually taken a look at things like trust accounts and lots of other methods um to to sort of do it so I believe there's a variety I think this is a process that needs looking at it requires altering but ultimately people are really stuck to what they're familiar
with ideal um change is a hard thing we all don't like modification um so I think it's just type of moving far from the standard as we've said so yeah so it keeps a lot of track of stuff um I comprehend clearly the advantages of having keeping multiple checking account however there's a huge quantity of intricacy opts for setting up a checking account preserving it ensuring it can send out International transfers guaranteeing it's established with the best user accesses for specific people so the complexity is substantial but I think the sincere answer is change um individuals have not been able to alter or have not had always the knowledge to truly make that change into alternate Solutions aside from opening a bank account I believe you have actually struck the nail on the head I believe it is knowledge you understand and there is a component of resistance to alter but we have actually always done it that way is no genuine reason for not looking at the the advantages and the possibilities of carrying on and moving into you understand what might almost be identified to be the next Century or two there is a lot to monitor and this technique does position several obstacles um so Johnny could you inform us about those challenges yeah obviously so there's a range right there is so
I simply did you switched 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 Global employees you should have a corner office with a more detailed parking space since I mastered Worldwide payroll and payments with Papaya payroll OS did you
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