Find out more about Papaya Global Kraków Opinie ... 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 separate Chief Financial Officer particularly dedicated to managing payments. This offers us with a safe and reliable approach of making payments to our 10,000 employees worldwide.}
the BEST international payroll managment app, conserves me hours of time monthly, one single dashboard for my payroll, EOR and contractors
Worker Website
Workers have access to a Staff member Website where they can view their pay slips, wage and tax declarations and work files. The portal is offered in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global assists business use competitive benefits plans to international staff members regardless of the variety of employees in the business. The business can establish health insurance, short-term and long-term special needs, vision, oral and maternity leave while getting rid of the requirement to source local advantages service providers in every nation, create local accounts and have a minimum variety of workers.
The HR capabilities offered by Global HR include various functions such as keeping an eye on trip time, making sure compliance, assisting in the process of welcoming brand-new employees and bidding goodbye to departing ones, using a safe and secure online platform for saving workers' files, and providing support for work permit treatments in case your employees require support in that area.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force spending, labor force variety, overall work expenses dispersed per area, total employment costs per cycle and much more.
Internationally, I have demonstrated leadership and strategic knowledge in guiding massive populations of over 100,000 staff members across 170 countries. Currently, I am responsible for supervising payroll strategies, as discussed by Mark. My role includes handling and establishing 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 provider.
company to make the time 100 list for the majority of prominent companies in the world we offer payroll payments and workforce management to all worker types in over 160 countries I am pleased to state that we likewise have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself obviously thank you good morning good afternoon excellent evening depending upon where you are in the world it's lovely to fulfill 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 have actually been in the payments market for over 10 years and specifically working on the payroll and payment sector for over seven years um I was interested by the intricacy the problem in all of the above of
payroll payments and decided to sort of make a genuine go at that over the last 5 or 6 years where I have actually type of had a variety of different functions on the service provider side and likewise on the vendor side from a payroll perspective so really eagerly anticipating this conversation today um and yeah thank you very much for your time everybody all right thanks Johnny uh we'll simply give everybody another number of uh well one of the 30 seconds approximately to join we all work back to back nowadays so we'll kind 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 kind of like see where everyone 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 drizzling here it's extremely really dreary and I wish I was somewhere else at this moment in time okay 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 keep different
bank accounts payroll virtual wallets versus payroll bank accounts payroll payroll uh sorry papaya payroll payments anticipating payroll expenses utilizing virtual payroll accounts simplifying papaya International payroll payments as a strategic possession uh we'll likewise review a recap which needs to leave his time at the very really end for a q a session so as the title of the webinar suggests payroll execs on relocating to Virtual payroll accounts and here is why as dispersed to remote and Worldwide labor forces end up being a growing number of typical and managing them ends up being increasingly more complicated Worldwide organizations are looking to discover Solutions and brand-new ways to enhance processes particularly from a payroll and cross-border payment perspective many organizations preserve different checking account just for payroll while some have multiple accounts in different countries does it make good sense for business to keep different savings account sometimes in different nations it does but just for payroll exists a much better method what function do virtual accounts and digital wallets likewise called virtual wallets play in helping international business enhance the episode complex processes of
Guaranteeing precise, efficient, and timely payroll payments is a complex challenge for companies running worldwide. Join us for a webinar to check out the advantages and disadvantages of payroll wallets versus payroll checking account, discover how business anticipate payroll costs to enhance working capital, and discover how enhancing international payroll payments can change them from a troublesome job into a strategic possession.
Handling payroll internationally is a daunting task due to numerous policies, compliance requirements, data security issues, and banking guidelines. The sheer number of employees and businesses adds to the intricacy, with an estimated 3.5 billion people in the worldwide labor force, 500 million of whom are in Africa, and 230 million companies worldwide.
Standard payroll systems frequently result in manual processes, data silos, and a lack of combination, resulting in disparities and inefficiencies. In spite of residing in an era of technological advancements, payroll management has been slow to adapt, with as much as 25% of payroll still processed by hand, typically using pen and paper. This webinar goals to supply insights and options to simplify and optimize worldwide payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of businesses state they have Labor force data in real time that's another number that offers me sleepless nights and rather honestly the more a service spends on international payroll the less of a picture they see an absence of visibility likewise reaches payroll payments and inability to properly track these payments can cause compliance incidents in the last mile of the deal nearly half of international businesses have revealed that they don't 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 bad HCM information data entry errors poorly interacted hires and terminations as well as lack management and system configurations and then when you round everything off and the information is delivered to the wrong place the average expense of an international 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 do not run efficiently if they depend on the required several 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 staff members or otherwise that's a good question I always throw this back and state what is it what does not require to be consisted of ideal and what does
it require to be thought about there's differing Bank information so the length of an eye band a swift an account number routing code per nation 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 need to pay from the customer's own in-country account so there's intricacy anywhere you look right eventually constructing a knowledge base is absolutely crucial but all over you look with payroll payment they are like very payments no if but some children about it you are all superheroes processing payments for payroll if you take a look at the kind of link 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 innovation is enabling us to sort of progress with that it likewise too to add to that payroll and finance require to work closer together um with differing Bank Account Details varying banking requirements and setup procedures is absolutely essential that payroll and finance groups work closer together than ever um I'm always impressed when people state I've 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 calculation 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 ultimately it's payroll is an end-to-end procedure it's the point of data collection all the way through to paying individuals anywhere they are but likewise paying statutory authorities and on statutory 3rd parties so with the
The modern world positions a high worth on wellness and the settlement landscape is ending up being significantly complex. Businesses are continually introducing brand-new advantages and payment options, which contributes to the general complexity. Big corporations often divide their payroll and payment processing into different teams, which can lead to inefficiencies and bottlenecks. In my opinion, this doesn't have to be the case. In today's technologically innovative era, there's no reason for preserving cumbersome treatments. Payroll, the business's greatest cost, should be processed properly and on time. Even slight hold-ups can adversely affect workers' well-being and have far-reaching repercussions. Therefore, it's critical to prioritize accurate and timely payments.
payroll group get um so I'm uncertain anybody on this type of webinar has been informed thank you for processing my payroll properly if you have it 'd be terrific to hear your success story and whether that's been from all employees or not um but ultimately payroll is such an essential cycle all of us find out about it when it fails everyone jumps up and down when it goes wrong but when it goes right it's simply 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 things is definitely essential that all of this things is done correctly so leveraging the very first Worldwide Payments first payroll payment service is a terrific initial step um supplying an end-to-end payroll option for your employees worldwide once again I think is another big um process once again lining up and guaranteeing you have standardization Worldwide processes all of those things are definitely crucial to success success of companies and minimizing the number of tools platforms and checking account 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 have actually never had a hundred countless them within a payroll cycle don't expect to you do get the odd 5 or 10 or whatever it might be with the with the the complaints where things haven't gone quite where they're suggested to be um I do not think any of us are really doing that for for the thanks
anyhow we understand 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 likewise so imagine sorry I'm just I was simply gon na say envision the amount of thanks you got if you could cover the quantity of individuals that we cover within this webinar I'm sure we're speaking about hundreds of thousands potentially Millions think of getting that many 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 certainly be an interesting job attempting to clean up 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 require days of the week to try to check out them and really see what was going on and kind of try to get back to everybody so proceeding appearance why do companies choose to primary different savings account there are companies out there doing precisely this for particular nations and I have actually operated in a company or many companies doing precisely that I can state it does not constantly feel effective and it does develop more work I understand we're not purposely doing that we're not developing additional work for anyone where we do not have to and anyone that's managing that procedure 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 believe many factors one is it's the standard I believe people have actually got so utilized to we require a brand-new savings account we open an entity and rightly so you need it for payroll functions but there are a variety of markets where it's not a requirement so I think it's just been the standard and the norm individuals have adopted and continue to do over years and years passed by to add to that people have actually looked 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 process that needs looking at it requires altering however ultimately individuals are extremely stuck with what they recognize
with ideal um change is a challenging thing all of us don't like change um so I believe it's just sort of moving far from the norm as we have actually said so yeah so it keeps a lot of track of things um I comprehend certainly the benefits of having preserving numerous bank accounts but there's a huge quantity of intricacy goes with setting up a savings account maintaining it guaranteeing it can send International transfers guaranteeing it's set up with the ideal user accesses for individual individuals so the complexity is huge however I think the honest answer is modification um individuals haven't been able to alter or have not had always the knowledge to really make that change into alternate Solutions besides opening a bank account I think you have actually hit the nail on the head I believe it is knowledge you understand and there is a component of resistance to change however we have actually constantly done it that way is no genuine excuse for not taking a look at the the benefits and the possibilities of carrying on and moving into you know what could almost be identified to be the next Century approximately there is a lot to track and this method does position several obstacles um so Johnny could you inform us about those difficulties yeah naturally so there's a range right there is so
I just recently made a change to our Enterprise system by transitioning to OS. As a result, we can now manage our payroll and payment jobs on one platform. It feels like our CFO has actually gotten another CFO, and with this enhanced capability, I have successfully protected payments for our 10,000 employees worldwide. Your commitment to mastering international payroll and payments utilizing Papaya payroll OS is good. You should have a corner office with a parking space that is closer, considering your accomplishments.
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