Find out more about Papaya Global Online Payroll ... We now have the ability to manage both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has acquired a separate Chief Financial Officer specifically committed to handling payments. This provides us with a secure and dependable approach of making payments to our 10,000 employees worldwide.}
the BEST international payroll managment app, conserves me hours of time on a monthly basis, one single dashboard for my payroll, EOR and specialists
Employee Portal
Employees have access to a Staff member Website where they can see their pay slips, wage and tax statements and work files. The website is readily available in multiple languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global assists companies use competitive benefits plans to international staff members regardless of the number of staff members in the company. The business can establish medical insurance, short-term and long-lasting disability, vision, oral and maternity leave while getting rid of the requirement to source regional advantages service providers in every country, produce local accounts and have a minimum variety of staff members.
Worldwide HR Functionalities
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and migration services if your staff members require work authorization help.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force spending, workforce variety, total employment costs distributed per place, total work expenses per cycle and much more.
Worldwide, I have shown leadership and tactical know-how in guiding large-scale populations of over 100,000 workers throughout 170 countries. Currently, I am responsible for overseeing payroll methods, as pointed out by Mark. My function involves handling and developing external collaborations, supporting Enterprise customers, and supplying advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments options supplier.
As a worldwide business, we are honored to be included on the prominent Time 100 list of the most prominent business worldwide. We focus on providing payroll and labor force management services to workers in more than 160 countries. I am delighted to introduce Johnny Nash, as pointed out by Mark. Now, I'll let Johnny introduce himself. Good day to all, no matter your area. It's a pleasure to fulfill you and thank you for your valuable time. As Ian pointed out, I am Johnny Nash, the director of payments at our organization. With over a decade of experience in the payments industry, I have focused on payroll and payment options for the past seven years. The intricacies and difficulties of this field have constantly mesmerized me.
payroll payments and chose to type of make a genuine go at that over the last 5 or six years where I've sort of had a variety of various functions on the company side and also on the vendor side from a payroll perspective so actually looking forward to this discussion today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll just offer everyone another number of uh well among the 30 seconds approximately to join we all work back to back nowadays so we'll type of let them do that so it 'd be rather intriguing and I can see it going on already just to hear where everyone is um it's nice to to kind of like see where everyone originates from and I truly do hope it's much sunnier than it is in the UK today definitely not the peak of the sunlight is it it's not no it's it's raining here it's really really dreary and I wish I was somewhere else at this moment in time fine so let's get started our program for today is as follows um we are going to be taking a look at the difficulty years of managing Worldwide payroll why business preserve different
checking account payroll virtual wallets versus payroll checking 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 review a wrap-up which must leave his time at the really extremely end for a q a session so as the title of the webinar suggests payroll officers on moving to Virtual payroll accounts and here is why as dispersed to remote and International labor forces end up being more and more common and managing them ends up being more and more complex International companies are wanting to discover Solutions and new ways to simplify procedures especially from a payroll and cross-border payment standpoint many companies preserve different bank account just for payroll while some have several accounts in various countries does it make good sense for companies to keep different checking account often in various countries it does but just for payroll exists a much better method what role do virtual accounts and digital wallets likewise called virtual wallets play in assisting multinational business improve the episode complex processes of
making payroll payments properly efficiently safely and on time throughout this webinar we'll walk you through the worldwide pros and cons of a payroll wallet versus a payroll checking account how business precisely forecast their payroll expenses to increase working capital and how streamlining Global payroll payments can turn them from a siled pane into a tactical property so payroll can be difficult in enough in one nation however when you're doing it worldwide it's next level and Beyond it ends up being complex for a variety of reasons most significantly policies compliance data security and banking guidelines then there are the large numbers they include more complexity the global Labor force is presently 3 and a half billion people by 2030 it's approximated that in Africa alone they will contribute and additional 1.1 billion individuals that number is presently 500 million just for for a scale then consider that there are some 230 million organizations and growing all doing their own thing worldwide in the conventional payroll design there's often a frustrating number of various systems resulting in time-consuming manual processes and silos the number of Combinations could be non-existent in big amounts and or really extremely standard there's no real consistency framework we're living in an era of tech however payroll has been sluggish to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper which simply blows my mind each time I I believe
about it to provide you an idea of how far there still is to come according to Deloitte only 11 of organizations say they have Labor force information in real time that's another number that gives me sleepless nights and quite frankly the more an organization spends on worldwide payroll the less of an image they see an absence of exposure likewise extends to payroll payments and failure to accurately track these payments can result in compliance mishaps in the last mile of the deal almost half of global companies have actually revealed that they do not have the level of standardization they need in their processes or want and as a result eighty percent of errors are due to time reporting bad HCM data information entry errors improperly communicated hires and terminations in addition to lack management and system configurations and then when you round all of it off and the data is delivered to the wrong place the average cost of a global information breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the money around the globe payroll and payments don't run smoothly if they depend on the required numerous procedures systems and partners it is simply not possible so Johnny from a payments point of view and in your experience what else needs to be factored into the difficulties organization face when they're making payments to workers or otherwise that's a great question I always toss this back and state what is it what does not require to be included best and what does
it require to be thought of there's differing 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 need to pay from the client's own in-country account so there's complexity wherever you look ideal eventually building a knowledge base is definitely crucial but everywhere you look with payroll payment they are like super payments no if however some children about it you are all superheroes processing payments for payroll if you take a look at the type of link in between fintech and payroll it's closer than ever I think there's now a bit more recognition that payroll payments are absolutely fundamental and innovation is enabling us to type of move on with that it also also to add to that payroll and finance require to work closer together um with varying Checking account Particulars differing banking requirements and setup processes is definitely crucial that payroll and finance teams work better together than ever um I'm always astonished when people state I've split payroll and payment um if you walk down the street and asked anyone 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 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 procedure it's the point of information collection all the way through to paying people anywhere they are however also paying statutory authorities and on statutory 3rd parties so with the
world we live in and wellness being a growing number of important to contribute to type of the level of complexity there's more and more advantages being organ or being used by organizations throughout the world so again you're just seeking to add more and more payments to this already complicated landscape so if you sort of got any experience well I'm from your huge experience here and I'm sure however have you got any experience in kind of genuine difficulties or genuine tough kind of pay uses to play to pay individuals I believe yeah I suggest over the last well yeah a number of years I would absolutely say that the bigger a business gets the more it tends to segregate the payroll and the payments functions um there are teams doing one part of the job there are teams feeding information into the next function as it were that's in fact handling the payment side of things however you understand 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 in the processes that we operate in they simply make them more timely they make them less effective and they do not make them what they require to be in in an era of tech and an era that you know that we are operating in today there is no reason we are still making this as difficult as it needs to be concurred and appropriately as you stated payroll is the single greatest liability that any company has from an expense viewpoint from an effect viewpoint on staff members it is absolutely crucial that it's done properly and on time so what we suggest 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 destructive impact on individuals's wellness and many other elements if individuals aren't paid uh I've constantly been astonished entering into this Market type of the last five to 10 years is how little thanks the
The payroll group might not have actually been thanked for properly processing payroll throughout a webinar. If anybody has been thanked, it would be terrific to hear their success story, whether it's from all workers or not. Payroll is a crucial cycle, and people just discover when things go wrong. However, when things go right, it's viewed as just a regular task. This is how it's viewed externally as well. Therefore, it is necessary to ensure that jobs like Wi-Fi International and other crucial matters are done properly. Utilizing the very first Global Payments first payroll payment solution is an excellent preliminary action towards supplying a detailed payroll solution for employees worldwide. Standardization, global procedures, and reducing the variety of tools, platforms, and bank accounts required for international payroll are key consider attaining business success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do periodically receive a couple of grievances when things don't go as prepared. Ultimately, we do not do it for the appreciation.
anyhow we know how how essential 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 everybody that's involved in those processes and also so think of sorry I'm just I was just gon na say envision the amount of thanks you got if you might cover the amount of individuals that we cover within this webinar I'm sure we're discussing numerous thousands possibly Millions think of getting that lots of thank you keeps in mind um I imply it 'd be interesting to see the number of Post-it notes you got however it would definitely be a fascinating task attempting to clean all those up for sure oh definitely I can't think of the size of my my Outlook inbox if that was the case um you 'd need days of the week to try to look through them and in fact see what was going on and sort of try to get back to everyone so proceeding look why do companies select to primary different bank accounts there are companies out there doing precisely this for particular nations and I have actually worked in a business or many companies doing exactly that I can state it doesn't constantly feel effective and it does create more work I know we're not intentionally doing that we're not developing additional work for anybody where we do not need to and anybody 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 believe many factors one is it's the standard I think people have got so used to we require a new savings account we open an entity and appropriately so you require it for payroll functions however there are a variety of markets where it's not a requirement so I believe it's simply been the standard and the standard individuals have actually embraced and continue to do over years and years gone past to add to that people have taken a look at things like trust accounts and lots of other ways um to to kind of do it so I believe there's a range I believe this is a procedure that requires looking at it needs altering however eventually people are really stuck with what they recognize
with best um change is a tough thing all of us do not like change um so I believe it's simply kind of moving far from the norm as we have actually said so yeah so it keeps a lot of track of things um I understand clearly the benefits of having preserving multiple bank accounts however there's a substantial amount of intricacy chooses setting up a bank account keeping it guaranteeing it can send out International transfers guaranteeing it's set up with the best user accesses for specific people so the intricacy is huge however I believe the honest response is change um people have not had the ability to alter or haven't had always the understanding to really make that change into alternate Solutions aside from opening a savings account I believe you've struck the nail on the head I believe it is knowledge you understand and there is a component of resistance to change however we've constantly done it that way is no genuine reason for not looking at the the advantages and the possibilities of proceeding and moving into you understand what could nearly be identified to be the next Century or so there is a lot to keep track of and this method does posture several difficulties um so Johnny might you tell us about those difficulties yeah naturally so there's a range right there is so
I just did you switched our Enterprise 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 International workers you deserve a corner office with a closer parking space because I mastered Worldwide payroll and payments with Papaya payroll OS did you
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