Find out more about Papaya Global Indonesia ... We now have the ability to manage both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has gotten a separate Chief Financial Officer specifically dedicated to managing payments. This provides us with a safe and reputable method of making payments to our 10,000 staff members worldwide.}
the very best international payroll managment app, saves me hours of time each month, one single dashboard for my payroll, EOR and professionals
Employee Portal
Employees have access to a Staff member Portal where they can view their pay slips, wage and tax declarations and employment documents. The portal is available in several languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global helps companies use competitive benefits plans to global staff members regardless of the variety of workers in the company. The company can establish medical insurance, short-term and long-term disability, vision, dental and maternity leave while eliminating the need to source local benefits service providers in every nation, create local accounts and have a minimum variety of staff members.
Global HR Performances
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' files and migration services if your staff members need work license help.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force costs, labor force diversity, overall employment expenses distributed per location, overall employment expenses per cycle and much more.
environments around the world I supplied 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 said I work across business managing and building external relationships supporting Business clients and solutions along with functioning as a consultant for those of you that don't understand who papaya International is papaya is the first payroll and payments
As an international company, we are honored to be consisted of on the prestigious Time 100 list of the most prominent companies worldwide. We specialize in supplying payroll and labor force management services to employees in more than 160 nations. I am delighted to introduce Johnny Nash, as pointed out by Mark. Now, I'll let Johnny present himself. Good day to all, regardless of your area. It's an enjoyment to satisfy you and thank you for your valuable time. As Ian pointed out, I am Johnny Nash, the director of payments at our company. With over a years of experience in the payments market, I have actually focused on payroll and payment options for the past 7 years. The complexities and difficulties of this field have always mesmerized me.
payroll payments and chose to type of make a genuine go at that over the last five or six years where I've sort of had a variety of different functions on the supplier side and likewise on the supplier side from a payroll perspective so actually looking forward to this conversation today um and yeah thank you quite for your time everybody all right thanks Johnny uh we'll just offer everyone another number of uh well one of the 30 seconds approximately to join we all work back to back these days so we'll sort of let them do that so it 'd be quite intriguing and I can see it going on already simply to hear where everybody 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 remains in the UK today definitely not the peak of the sunshine is it it's not no it's it's drizzling here it's very really dreary and I want I was elsewhere at this moment in time fine so let's start our agenda for today is as follows um we are going to be looking at the challenge years of managing Worldwide payroll why companies keep different
checking account payroll virtual wallets versus payroll savings account payroll payroll uh sorry papaya payroll payments anticipating payroll expenses utilizing virtual payroll accounts enhancing papaya Global payroll payments as a tactical property uh we'll also go over a wrap-up and that should leave his time at the very very end for a q a session so as the title of the webinar recommends payroll execs on moving to Virtual payroll accounts and here is why as dispersed to remote and Worldwide workforces end up being increasingly more common and managing them ends up being increasingly more complicated Global companies are seeking to find Solutions and brand-new ways to enhance procedures especially from a payroll and cross-border payment standpoint numerous companies maintain different bank account just for payroll while some have several accounts in different countries does it make sense for business to preserve separate bank accounts sometimes in different countries it does but just for payroll exists a much better way what role do virtual accounts and digital wallets also known as virtual wallets play in assisting international business enhance the episode complex processes of
Guaranteeing precise, effective, and prompt payroll payments is a complex difficulty for services operating internationally. Join us for a webinar to explore the advantages and disadvantages of payroll wallets versus payroll bank accounts, discover how business anticipate payroll costs to enhance working capital, and find how improving worldwide payroll payments can change them from a troublesome task into a tactical asset.
Managing payroll globally is a daunting task due to numerous regulations, compliance requirements, information security issues, and banking guidelines. The large number of employees and businesses contributes to the intricacy, with an estimated 3.5 billion individuals in the worldwide workforce, 500 countless whom remain in Africa, and 230 million organizations worldwide.
Traditional payroll systems often result in manual procedures, information silos, and a lack of integration, leading to disparities and ineffectiveness. Despite residing in an era of technological developments, payroll management has actually been sluggish to adapt, with as much as 25% of payroll still processed manually, typically utilizing pen and paper. This webinar goals to offer insights and options to simplify and enhance international payroll payments.
about it to provide you a concept of how far there still is to come according to Deloitte only 11 of businesses state they have Workforce information in real time that's another number that offers me sleep deprived nights and rather honestly the more a business invests in worldwide payroll the less of an image they see an absence of presence likewise extends to payroll payments and failure to properly track these payments can result in compliance incidents in the last mile of the transaction almost half of global businesses have actually revealed that they do not have the level of standardization they require in their procedures or want and as a result eighty percent of errors are due to time reporting bad HCM data data entry errors poorly interacted hires and terminations along with absence management and system configurations and after that when you round everything off and the data is shipped to the wrong location the typical cost of an international information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the money worldwide payroll and payments do not run efficiently if they rely on the essential multiple procedures systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the difficulties service face when they're paying to staff members or otherwise that's a good question I constantly throw this back and state what is it what does not require 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 capabilities so can you pay it from International or do you need to pay from an in-country account do you need to pay from the customer's own in-country account so there's complexity anywhere you look ideal ultimately constructing a knowledge base is absolutely crucial however everywhere 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 sort 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 as well to contribute to that payroll and financing need to work closer together um with varying Checking account Particulars differing banking requirements and setup procedures is definitely important that payroll and financing groups work closer together than ever um I'm constantly impressed when individuals state 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 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 ultimately it's payroll is an end-to-end procedure it's the point of information collection all the way through to paying individuals wherever they are but likewise paying statutory authorities and on statutory third parties so with the
The contemporary world positions a high worth on well-being and the settlement landscape is becoming significantly detailed. Services are constantly introducing brand-new benefits and payment options, which contributes to the overall intricacy. Large corporations typically divide their payroll and payment processing into separate groups, which can result in inefficiencies and traffic jams. In my viewpoint, this doesn't have to be the case. In today's technologically sophisticated age, there's no justification for preserving troublesome treatments. Payroll, the company's biggest cost, must be processed correctly and on time. Even minor delays can adversely impact workers' well-being and have significant effects. For that reason, it's important to prioritize accurate and prompt payments.
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 terrific to hear your success story and whether that's been from all employees or not um however ultimately payroll is such an essential cycle all of us hear about it when it fails everybody jumps up and down when it fails but 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 things is absolutely essential that all of this stuff is done properly so leveraging the very first Worldwide Payments first payroll payment solution is a terrific primary step um supplying an end-to-end payroll service for your workers internationally again I think is another substantial um process again lining up and guaranteeing you have standardization Worldwide processes all of those things are definitely key to success success of businesses and decreasing the variety of tools platforms and checking account they require for their Worldwide 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 have actually never had a hundred countless 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 problems where things haven't gone rather where they're meant to be um I don't think any of us are in fact doing that for for the thanks
anyhow we know how how crucial a function 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 involved in those procedures and likewise so think of sorry I'm simply I was simply gon na say picture the amount of thanks you got if you could cover the quantity of people that we cover within this webinar I'm sure we're speaking about hundreds of thousands possibly Millions think of getting that lots of thank you keeps in mind um I suggest it 'd be interesting to see how many Post-it notes you got however it would definitely be a fascinating task trying to clean all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that was the case um you 'd need days of the week to try to browse them and really see what was going on and sort of shot to return to everyone so carrying on look why do business select to primary separate checking account there are companies out there doing exactly this for particular countries and I've operated in a service or lots of companies doing exactly that I can say it doesn't always feel effective and it does develop more work I know we're not purposely doing that we're not developing extra work for anyone where we do not need to and anyone 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 think many reasons one is it's the requirement I think people have actually got so utilized to we need a new savings account we open an entity and appropriately so you require it for payroll functions but there are a number of markets where it's not a requirement so I believe it's simply been the requirement and the standard the people have embraced and continue to do over years and years gone past to add to that individuals have taken a look at things like trust accounts and numerous other methods um to to sort of do it so I think there's a range I think this is a procedure that needs taking a look at it needs altering however eventually people are extremely stuck with what they're familiar
with right um change is a tough thing all of us don't like modification um so I believe it's simply kind of moving far from the standard as we have actually said so yeah so it keeps a great deal of track of stuff um I comprehend clearly the benefits of having maintaining numerous savings account however there's a huge amount of intricacy goes with establishing a checking account keeping it guaranteeing it can send International transfers guaranteeing it's set up with the ideal user accesses for private people so the complexity is huge but I think the truthful answer is change um people haven't been able to change or have not had always the knowledge to truly make that change into alternate Solutions other than opening a bank account I think you've hit the nail on the head I think it is knowledge 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 carrying on and moving into you understand what could almost be figured out to be the next Century or so there is a lot to keep track of and this approach does present a number of difficulties um so Johnny could you tell us about those obstacles yeah of course so there's a range right there is so
I just did you switched 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 Worldwide workers you deserve a corner office with a better parking space since I mastered Global payroll and payments with Papaya payroll OS did you
Papaya Global Art