Find out more about Papaya Global Payroll Help ... We now have the capability 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 particularly committed to managing payments. This provides us with a safe and secure and reliable method of paying to our 10,000 employees worldwide.}
The advanced international payroll management app simplifies my payroll procedure, saving me a substantial amount of time every month. With its easy to use user interface, I have access to a single control panel that effectively handles my payroll, EOR, and specialists.
Worker Portal
Staff members have access to a Staff member Portal where they can see their pay slips, wage and tax declarations and employment documents. The website is readily available in numerous languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global assists business offer competitive advantages bundles to global employees no matter the number of employees in the business. The company can set up health insurance, short-term and long-term special needs, vision, dental and maternity leave while eliminating the need to source regional benefits suppliers in every country, develop local accounts and have a minimum number of workers.
Worldwide HR Performances
's HR functionalities consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and immigration services if your staff members require work permit help.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce spending, workforce variety, total work expenses dispersed per place, total work expenses per cycle and much more.
Worldwide, I have actually demonstrated leadership and tactical competence in guiding large-scale populations of over 100,000 staff members throughout 170 nations. Currently, I am responsible for managing payroll methods, as pointed out by Mark. My role includes managing and developing external partnerships, supporting Business customers, and supplying advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options provider.
As an international company, we are honored to be consisted of on the distinguished Time 100 list of the most prominent companies worldwide. We focus on providing payroll and workforce management services to workers in more than 160 countries. I am delighted to introduce Johnny Nash, as mentioned by Mark. Now, I'll let Johnny present himself. Good day to all, regardless of your area. It's an enjoyment to meet you and thank you for your important time. As Ian discussed, I am Johnny Nash, the director of payments at our organization. With over a decade of experience in the payments market, I have concentrated on payroll and payment services for the past seven years. The complexities and challenges of this field have always captivated me.
payroll payments and decided to sort of make a genuine go at that over the last 5 or six years where I've kind of had a range of various functions on the company side and also on the supplier side from a payroll point of view so actually eagerly anticipating this conversation today um and yeah thank you quite for your time everybody okay thanks Johnny uh we'll simply provide everyone another couple of uh well among the 30 seconds or so to join we all work back to back these days so we'll kind of let them do that so it 'd be quite fascinating 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 everybody originates from and I actually do hope it's much sunnier than it remains in the UK today definitely not the peak of the sunlight is it it's not no it's it's drizzling here it's very really uninspiring and I wish I was elsewhere at this moment in time fine so let's start our program for today is as follows um we are going to be taking a look at the obstacle years of managing Global payroll why companies maintain separate
Virtual payroll accounts are an alternative to conventional bank accounts for managing payroll payments. This is particularly helpful for worldwide companies with dispersed and remote workforces, as it simplifies the complex procedure of cross-border payments. Instead of preserving separate bank accounts for payroll in different countries, virtual accounts and digital wallets use a more streamlined solution. In this webinar, we will check out the advantages of using virtual payroll accounts and talk about why they are becoming a tactical possession for payroll executives. We will also offer a recap of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments accurately efficiently safely and on time throughout this webinar we'll stroll you through the worldwide benefits and drawbacks of a payroll wallet versus a payroll bank account how companies properly anticipate their payroll expenses to increase working capital and how improving International payroll payments can turn them from a siled pane into a tactical asset so payroll can be challenging in sufficient in one country however when you're doing it globally it's next level and Beyond it ends up being complicated for a variety of reasons most significantly policies compliance information security and banking rules then there are the sheer numbers they include more intricacy the international Labor force is currently three and a half billion people by 2030 it's estimated that in Africa alone they will contribute and additional 1.1 billion individuals that number is currently 500 million just for for a scale then factor in that there are some 230 million businesses and growing all doing their own thing worldwide in the traditional payroll model there's often a frustrating number of various systems leading to time-consuming manual processes and silos the variety of Combinations could be non-existent in large quantities and or extremely very basic there's no genuine consistency framework we're residing in a period of tech but payroll has been slow to get on board in fact as much as 25 of payroll is still done by hand often with pen and paper which just blows my mind each time I I believe
about it to provide you a concept of how far there still is to come according to Deloitte only 11 of businesses say they have Workforce information in real time that's another number that offers me sleepless nights and rather honestly the more a company spends on global payroll the less of a picture they see a lack of presence also encompasses payroll payments and failure to properly track these payments can cause compliance mishaps in the last mile of the transaction almost half of international companies have expressed that they don't have the level of standardization they need in their processes or want and as a result eighty percent of mistakes are due to time reporting bad HCM information data entry mistakes inadequately interacted hires and terminations as well as absence management and system setups and after that when you round it all off and the information is delivered to the incorrect place the average cost of an international information breach at this moment is 3.9 billion dollars when payrolls are done we still require to move the cash around the globe payroll and payments do not run efficiently if they rely on the essential several processes systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the obstacles company face when they're making payments to employees or otherwise that's a good question I constantly throw this back and state what is it what doesn't require to be included ideal and what does
it require to be thought about there's varying Bank information so the length of an eye band a swift an account number routing code per country there's payment timespan 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 client's own in-country account so there's complexity wherever you look ideal eventually constructing a knowledge base is absolutely critical but everywhere you look with payroll payment they resemble super payments no if but some children about it you are all superheroes processing payments for payroll if you look at the kind 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 technology is enabling us to sort of progress with that it likewise too to contribute to that payroll and finance require to work closer together um with varying Checking account Details differing banking requirements and setup processes is definitely crucial that payroll and financing teams work more detailed together than ever um I'm constantly astonished when individuals state I have actually divided payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't operate in the payroll occupation would they split the payroll payment from calculation 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 people wherever they are however also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and well-being being increasingly more crucial to add to type of the level of intricacy there's increasingly more benefits being organ or being offered by services across the world so once again you're just looking to include more and more payments to this already complex landscape so if you type of got any experience well I'm from your large experience here and I make sure however have you got any experience in kind of genuine difficulties or real difficult type of pay uses to play to pay individuals I believe yeah I indicate over the last well yeah a number of years I would certainly state that the bigger a company gets the more it tends to segregate the payroll and the payments works um there are teams doing one part of the job there are groups feeding info into the next function as it were that's actually handling the payment side of things but you understand in in my viewpoint and my experience that does not 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 operate in they simply make them more prompt they make them less efficient and they do not make them what they require to be in in a period of tech and a period that you understand that we are operating in today there is no reason we are still making this as challenging as it requires to be agreed and appropriately as you stated payroll is the single greatest liability that any service has from a cost viewpoint from an effect point of view on employees it is absolutely 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 need to be done right it has the most significant damaging result on people's wellness and numerous other elements if individuals aren't paid uh I have actually constantly been astonished entering into this Market type of the last five to ten years is how little thanks the
The payroll group may not have actually been thanked for correctly processing payroll throughout a webinar. If anyone has actually been thanked, it would be great to hear their success story, whether it's from all staff members or not. Payroll is an essential cycle, and people only observe when things fail. However, when things go right, it's viewed as just a routine job. This is how it's perceived externally as well. Therefore, it is important to make sure that jobs like Wi-Fi Global and other important matters are done properly. Using the first Worldwide Payments first payroll payment option is a terrific initial action towards providing a comprehensive payroll service for employees worldwide. Standardization, global procedures, and lowering the number of tools, platforms, and savings account required for international payroll are key consider attaining service success. While we do not anticipate a hundred thousand thank yous within a payroll cycle, we do occasionally get a few grievances when things do not go as planned. Ultimately, we don't do it for the appreciation.
anyway we understand 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 processes and likewise so envision sorry I'm simply I was simply gon na state picture the quantity of thanks you got if you could cover the quantity of people that we cover within this webinar I make certain we're speaking about hundreds of thousands possibly Millions picture getting that numerous 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 absolutely be an intriguing job attempting to clean all those up for sure oh absolutely I can't think of the size of my my Outlook inbox if that held true um you 'd require days of the week to attempt to browse them and really see what was going on and type of shot to get back to everybody so moving on look why do companies choose to primary separate bank accounts there are businesses out there doing exactly this for particular countries and I have actually operated in a business or many services doing precisely that I can say it does not always feel effective and it does develop more work I know we're not purposely doing that we're not developing additional work for anyone where we don't have to and anyone that's dealing with 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 numerous factors one is it's the requirement I believe individuals have actually got so utilized to we need a new savings account we open an entity and rightly so you require it for payroll purposes however there are a number of markets where it's not a requirement so I believe it's simply been the standard and the standard the people 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 numerous other methods um to to sort of do it so I believe there's a range I think this is a procedure that requires looking at it requires altering but eventually individuals are really stuck to what they're familiar
with best um change is a hard thing all of us do not like modification um so I think it's just kind of moving away from the norm as we've said so yeah so it keeps a great deal of track of stuff um I understand undoubtedly the advantages of having preserving multiple bank accounts but there's a big quantity of intricacy goes with establishing a savings account maintaining it ensuring it can send International transfers guaranteeing it's established with the right user accesses for private people so the complexity is huge however I believe the truthful answer is change um people have not had the ability to alter or have not had always the understanding to actually 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 understanding you know and there is an aspect of resistance to change but we've always done it that way is no real reason for not taking a look at the the advantages and the possibilities of carrying on and moving into you know what might almost be determined to be the next Century or so there is a lot to track and this method does posture numerous obstacles um so Johnny might you inform us about those challenges yeah obviously so there's a variety 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 resembles our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 International workers you are worthy of a corner workplace with a better parking space due to the fact that I mastered International payroll and payments with Papaya payroll OS did you
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