Papaya Global Head Office

Find out more about Papaya Global Head Office ... We now have the capability to handle both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer specifically devoted to managing payments. This supplies us with a protected and dependable approach of paying to our 10,000 employees worldwide.}

the BEST global payroll managment app, saves me hours of time monthly, one single dashboard for my payroll, EOR and specialists

The Staff member Website supplies workers with the ability to gain access to and view essential documents such as pay slips, wage and tax declarations, and employment records. This website is accessible on both desktop and mobile devices and is used in numerous languages.

Benefits Administration
Papaya Global assists business offer competitive advantages plans to global employees no matter the number of workers in the business. The business can set up medical insurance, short-term and long-lasting impairment, vision, oral and maternity leave while eliminating the need to source local advantages companies in every country, create local accounts and have a minimum variety of staff members.

The HR abilities supplied by International HR incorporate numerous functions such as monitoring getaway time, guaranteeing compliance, assisting in the process of welcoming new workers and bidding goodbye to leaving ones, using a secure online platform for keeping employees' files, and supplying support for work allow treatments in case your employees require assistance in that location.

HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force spending, labor force variety, overall employment costs distributed per area, overall employment costs per cycle and far more.

Internationally, I have demonstrated leadership and tactical competence in guiding massive populations of over 100,000 staff members across 170 nations. Presently, I am responsible for overseeing payroll methods, as pointed out by Mark. My role includes managing and developing external collaborations, supporting Business customers, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options company.

business to make the time 100 list for most influential business in the world we supply payroll payments and workforce management to all worker key ins over 160 nations I am pleased to state that we likewise have as Mark said Johnny Nash with us today Johnny would you like to present yourself of course thank you good morning great afternoon great evening depending on where you remain in the world it's lovely to fulfill you and thank you quite for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I have actually remained in the payments industry for over 10 years and specifically working on the payroll and payment sector for over 7 years um I was amazed by the complexity the problem 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 range of various roles on the provider side and also on the vendor side from a payroll point of view so truly anticipating this conversation today um and yeah thank you quite for your time everyone all right thanks Johnny uh we'll just give everyone another number of uh well among 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 rather fascinating 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 everyone originates 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 extremely very dreary and I want I was elsewhere at this moment in time all right so let's begin our program for today is as follows um we are going to be looking at the difficulty years of managing Global payroll why business maintain separate

bank accounts payroll virtual wallets versus payroll checking account payroll payroll uh sorry papaya payroll payments anticipating payroll expenses utilizing virtual payroll accounts improving papaya Global payroll payments as a tactical possession uh we'll also go over a wrap-up and that must 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 Worldwide workforces become increasingly more typical and handling them ends up being a growing number of complex Worldwide organizations are looking to find Solutions and brand-new ways to improve procedures especially from a payroll and cross-border payment standpoint numerous companies keep different bank account just for payroll while some have multiple accounts in various countries does it make good sense for business to keep separate savings account sometimes in various countries it does but just for payroll is there a much better method what role do virtual accounts and digital wallets also referred to as virtual wallets play in helping multinational business streamline the episode complex processes of

making payroll payments properly efficiently firmly and on time throughout this webinar we'll stroll you through the worldwide pros and cons of a payroll wallet versus a payroll bank account how business precisely forecast their payroll costs to increase working capital and how streamlining International payroll payments can turn them from a siled pane into a strategic property so payroll can be difficult in enough in one country but when you're doing it worldwide it's next level and Beyond it becomes complicated for a variety of factors most significantly guidelines compliance information security and banking rules then there are the large numbers they add further complexity the international Workforce is presently three and a half billion individuals by 2030 it's approximated that in Africa alone they will contribute and additional 1.1 billion people that number is presently 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 world in the traditional payroll design there's frequently an overwhelming variety of various systems causing lengthy manual processes and silos the number of Combinations could be non-existent in large amounts and or very very fundamental there's no genuine consistency framework we're residing in an age of tech however payroll has been slow to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper which just blows my mind every time I I believe

about it to offer you a concept of how far there still is to come according to Deloitte only 11 of organizations state they have Workforce data in real time that's another number that provides me sleep deprived nights and quite frankly the more a company spends on worldwide payroll the less of a photo they see a lack of exposure also reaches payroll payments and failure to properly track these payments can result in compliance incidents in the last mile of the deal nearly half of international businesses have expressed that they do not have the level of standardization they need in their procedures or want and as a result eighty percent of mistakes are due to time reporting poor HCM data data entry errors badly communicated hires and terminations as well as absence management and system setups and after that when you round all of it off and the data is shipped to the incorrect location the typical expense of a worldwide data breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the money worldwide payroll and payments do not run efficiently if they rely on the required multiple procedures systems and partners it is just not possible so Johnny from a payments point of view and in your experience what else needs to be factored into the difficulties business face when they're paying to workers or otherwise that's a good question I always throw this back and say what is it what does not need to be consisted of right and what does

it need to be thought about there's varying Bank information so the length of an eye band a swift an account number routing code per nation there's payment time frames 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 developing a knowledge base is definitely crucial however all over you look with payroll payment they are like super payments no if however some infants 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 believe there's now a bit more acknowledgment that payroll payments are absolutely fundamental and technology is enabling us to type of move forward with that it also also to add to that payroll and finance require to work closer together um with differing Checking account Particulars varying banking requirements and setup processes is absolutely imperative that payroll and finance groups work better together than ever um I'm always amazed when individuals state I've split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't operate in the payroll profession would they divide the payroll payment from calculation I would say no so why do we as a market 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 information collection all the way through to paying individuals any place they are but likewise paying statutory authorities and on statutory third parties so with the

world we reside in and well-being being more and more essential to contribute to sort of the level of complexity there's increasingly more benefits being organ or being used by services throughout the world so once again you're simply wanting to include more and more payments to this currently intricate landscape so if you sort of got any experience well I'm from your vast experience here and I'm sure however have you got any experience in kind of genuine difficulties or real difficult sort of pay utilizes to play to pay people I think yeah I mean over the last well yeah a couple of decades I would definitely state that the bigger a company gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the task there are groups feeding details into the next function as it were that's actually handling the payment side of things however you know in in my viewpoint and my experience that doesn't always need to be the case you understand long gone are the times where we need to produce extra handoffs at the same times that we run in they simply make them more prompt they make them less efficient and they don't make them what they need to be in in an age of tech and an era that you know that we are operating in today there is no reason that we are still making this as difficult as it needs to be concurred and rightly as you said payroll is the single biggest liability that any business has from a cost viewpoint from an effect viewpoint on employees it is definitely crucial that it's done correctly and on time so what we mean by that is not a day before not a day after on pay day and payments have to be done right it has the greatest damaging result on individuals's well-being and lots of other factors if individuals aren't paid uh I've always been astonished entering this Market type of the last 5 to 10 years is how little thanks the

payroll team get um so I'm unsure anyone on this kind of webinar has 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 however ultimately payroll is such a crucial cycle all of us hear about it when it goes wrong everybody jumps up and down when it goes wrong however when it goes right it's just a tick box workout and I think that's how it's seen from the external deem well um so yeah it's likewise like why WI-Fi Global why all of this stuff is definitely essential that all of this things is done properly so leveraging the first Worldwide Payments first payroll payment option is a terrific first step um providing an end-to-end payroll option for your staff members globally once again I believe is another substantial um process once again lining up and ensuring you have standardization Global procedures all of those things are absolutely essential to success success of companies and reducing the variety of tools platforms and bank accounts they need for their Worldwide payroll too couldn't 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 thousand of them within a payroll cycle do not expect 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 rather where they're meant to be um I don't believe any of us are in fact doing that for for the thanks

anyway we know 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 simple as possible for everyone that's associated with those processes and also so picture sorry I'm simply I was just gon na state picture the amount of thanks you got if you could cover the amount of individuals that we cover within this webinar I make sure we're discussing numerous thousands possibly Millions picture getting that many thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got however it would absolutely be a fascinating job trying to clean up all those up for sure oh absolutely I can't imagine the size of my my Outlook inbox if that was the case um you 'd need days of the week to attempt to browse them and actually see what was going on and sort of try to get back to everybody so carrying on appearance why do business select to main different checking account there are services out there doing precisely this for specific nations and I have actually worked in a business or numerous organizations doing exactly that I can say it does not 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 don't need to and anyone 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 think many reasons one is it's the standard I think individuals have actually got so utilized to we need a brand-new savings account we open an entity and rightly so you need it for payroll functions however there are a variety of markets where it's not a requirement so I think it's just been the standard and the standard individuals have embraced and continue to do over years and years passed by to contribute to that people have looked at things like trust accounts and numerous other ways um to to type of do it so I believe there's a variety I believe this is a process that requires looking at it needs changing however ultimately people are really stuck to what they recognize

with best um change is a tough thing all of us don't like modification um so I think it's simply type of moving far 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 savings account but there's a big quantity of intricacy chooses setting up a checking account keeping it ensuring it can send International transfers guaranteeing it's established with the best user accesses for private individuals so the complexity is big however I think the honest response is modification um individuals haven't had the ability to alter or have not had always the knowledge to actually make that change into alternate Solutions besides opening a checking account I believe you've hit the nail on the head I believe it is understanding you understand and there is an element of resistance to change however we've always done it that way is no real excuse for not looking at the the benefits and the possibilities of moving on and moving into you know what might almost be identified to be the next Century or two there is a lot to monitor and this approach does posture several challenges um so Johnny could you tell 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 International employees you should have a corner workplace with a better parking space due to the fact that I mastered Worldwide payroll and payments with Papaya payroll OS did you

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