Find out more about Papaya Global Payroll Mailing Address ... We now have the capability to handle both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has actually obtained a different Chief Financial Officer particularly dedicated to handling payments. This offers us with a safe and secure and trusted technique of making payments to our 10,000 staff members worldwide.}
the very best worldwide payroll managment app, conserves me hours of time each month, one single control panel for my payroll, EOR and contractors
Employee Website
Staff members have access to an Employee Portal where they can see their pay slips, wage and tax statements and work documents. The website is available in several languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global assists companies use competitive benefits packages to worldwide staff members despite the number of staff members in the business. The business can establish health insurance, short-term and long-lasting disability, vision, dental and maternity leave while removing the need to source regional advantages service providers in every country, produce local accounts and have a minimum variety of workers.
Worldwide HR Performances
's HR functionalities consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' files and migration services if your employees need work authorization support.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce spending, labor force variety, total employment expenses dispersed per place, total work costs per cycle and far more.
environments across the globe I provided management and technique to populations of over a hundred thousand employees in more than 170 nations today I'm the payroll techniques for as Mark said I work throughout the business handling and building external relationships supporting Enterprise clients and options in addition to acting as an advisor for those of you that do not understand who papaya Global is papaya is the first payroll and payments
business to make the time 100 list for most influential companies in the world we offer payroll payments and workforce management to all employee key ins over 160 nations I am pleased to say that we also have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself obviously thank you good morning great afternoon good evening depending on where you remain in the world it's charming to satisfy 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've remained in the payments industry for over ten years and particularly working on the payroll and payment sector for over seven years um I was captivated by the complexity the trouble in all of the above of
payroll payments and decided to sort of make a real go at that over the last 5 or 6 years where I have actually kind of had a range of various roles on the supplier side and also on the supplier side from a payroll perspective so really anticipating this conversation today um and yeah thank you very much for your time everyone okay thanks Johnny uh we'll just provide everybody another couple of uh well among the 30 seconds or so to join all of us 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 everyone comes from and I actually 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 very really uninspiring and I wish I was elsewhere at this moment in time fine so let's begin our program for today is as follows um we are going to be taking a look at the challenge years of handling Worldwide payroll why companies keep different
Virtual payroll accounts are an alternative to conventional checking account for handling payroll payments. This is particularly helpful for international companies with dispersed and remote workforces, as it streamlines the intricate process of cross-border payments. Instead of preserving separate bank accounts for payroll in different countries, virtual accounts and digital wallets use a more structured service. In this webinar, we will check out the benefits of using virtual payroll accounts and discuss why they are becoming a tactical asset 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 effectively safely and on time during this webinar we'll walk you through the international pros and cons of a payroll wallet versus a payroll bank account how companies accurately forecast their payroll expenses to increase working capital and how simplifying International payroll payments can turn them from a siled pane into a strategic asset so payroll can be challenging in adequate in one nation but when you're doing it worldwide it's next level and Beyond it ends up being complex for a range of factors most significantly guidelines compliance data security and banking rules then there are the sheer numbers they include more intricacy the global Labor force is presently 3 and a half billion individuals by 2030 it's estimated that in Africa alone they will contribute and more 1.1 billion people that number is currently 500 million just for for a scale then consider that there are some 230 million companies and growing all doing their own thing all over the world in the conventional payroll model there's frequently an overwhelming number of different systems resulting in time-consuming manual processes and silos the number of Combinations could be non-existent in large amounts and or extremely extremely fundamental there's no genuine consistency structure we're residing in an era of tech but payroll has actually 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 every time I I think
about it to provide 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 gives me sleepless nights and rather honestly the more a business invests in international payroll the less of a picture they see an absence of visibility also extends to payroll payments and inability to accurately track these payments can lead to compliance mishaps in the last mile of the deal almost half of global businesses have actually 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 because of time reporting poor HCM data data entry mistakes improperly interacted hires and terminations as well as absence management and system configurations and after that when you round it all off and the information is shipped to the wrong location the average expense of a worldwide information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the cash all over the world payroll and payments do not run smoothly if they rely on the needed numerous procedures systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the obstacles organization face when they're making payments to staff members or otherwise that's a great question I constantly throw this back and say what is it what does not require to be included best and what does
it need to be thought of there's differing 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 have to pay from an in-country account do you have to pay from the customer's own in-country account so there's complexity anywhere you look right ultimately developing a knowledge base is absolutely important but everywhere you look with payroll payment they resemble incredibly payments no if however some infants about it you are all superheroes processing payments for payroll if you take a look at the sort 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 definitely fundamental and technology is permitting us to sort of progress with that it likewise also to add to that payroll and financing need to work closer together um with differing Savings account Particulars differing banking requirements and setup procedures is definitely crucial that payroll and finance groups work better together than ever um I'm always surprised when people state I have actually split payroll and payment um if you stroll down the street and asked anyone what is payroll who does not work in the payroll occupation would they divide 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 eventually it's payroll is an end-to-end procedure it's the point of information collection all the way through to paying individuals anywhere they are however likewise paying statutory authorities and on statutory 3rd parties so with the
world we live in and wellness being more and more important to add to sort of the level of intricacy there's more and more benefits being organ or being offered by companies throughout the world so once again you're just looking to include a growing number of payments to this already complicated landscape so if you sort of got any experience well I'm from your vast experience here and I make sure however have you got any experience in kind of real challenges or genuine difficult kind of pay utilizes to play to pay individuals I believe yeah I suggest over the last well yeah a number of decades I would definitely state that the bigger a business gets the more it tends to segregate the payroll and the payments functions um there are groups doing one part of the task there are teams feeding details into the next function as it were that's actually managing the payment side of things but you understand in in my opinion and my experience that does not necessarily need to be the case you know long gone are the times where we need to create extra handoffs at the same times that we run in they simply make them more timely they make them less efficient and they don't 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 that we are still making this as hard as it needs to be concurred and rightly as you said payroll is the single greatest liability that any business has from an expense perspective from an effect viewpoint on workers it is absolutely vital 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 biggest harmful result on individuals's well-being and lots of other elements if people aren't paid uh I've constantly been astonished entering into this Market sort of the last five to 10 years is how little thanks the
The payroll group may not have been thanked for properly processing payroll during a webinar. If anyone has actually been thanked, it would be terrific to hear their success story, whether it's from all staff members or not. Payroll is an essential cycle, and individuals only discover when things go wrong. Nevertheless, when things go right, it's seen as simply a regular job. This is how it's perceived externally too. For that reason, it is essential to make sure that jobs like Wi-Fi Worldwide and other essential matters are done correctly. Using the very first Worldwide Payments very first payroll payment option is a fantastic preliminary step towards providing a comprehensive payroll service for employees worldwide. Standardization, international procedures, and minimizing the variety of tools, platforms, and savings account needed for international payroll are essential factors in attaining organization success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do periodically receive a few grievances when things don't go as prepared. Eventually, we don't do it for the appreciation.
anyhow we understand how how essential 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 involved in those procedures and also so think of sorry I'm simply I was simply gon na say envision the amount of thanks you got if you might cover the quantity of individuals that we cover within this webinar I'm sure we're discussing hundreds of thousands possibly Millions think of getting that many thank you notes um I suggest it 'd be interesting to see how many Post-it notes you got however it would definitely be an interesting job trying to clean up all those up for sure oh definitely I can't picture 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 in fact see what was going on and kind of try to return to everyone so proceeding look why do business pick to primary different checking account there are businesses out there doing precisely this for specific nations and I've operated in an organization or numerous companies doing precisely that I can say it doesn't constantly feel efficient and it does develop more work I know we're not intentionally doing that we're not developing extra work for anyone where we don't have to and anybody that's handling that process 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 lots of reasons one is it's the standard I think individuals have got so used to we need a brand-new bank account we open an entity and rightly so you require it for payroll purposes but 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 passed by to contribute to that individuals have looked at things like trust accounts and numerous other ways um to to kind of do it so I believe there's a variety I believe this is a procedure that requires looking at it needs altering however ultimately people are really stuck with what they're familiar
with best um modification is a tough thing all of us don't like modification um so I believe it's simply sort of moving away from the standard as we've said so yeah so it keeps a lot of track of things um I understand undoubtedly the advantages of having maintaining multiple savings account however there's a big amount of intricacy chooses establishing a checking account preserving it guaranteeing it can send International transfers ensuring it's established with the right user accesses for individual individuals so the complexity is big however I think the truthful answer is modification um individuals haven't been able to change or have not had always the understanding to really make that change into alternate Solutions aside from opening a checking account I believe 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 excuse for not looking at the the benefits and the possibilities of carrying on and moving into you know what could almost be figured out to be the next Century or two there is a lot to track and this method does posture a number of challenges um so Johnny might you inform us about those obstacles yeah of course so there's a variety right there is so
I recently made a change to our Enterprise system by transitioning to OS. As a result, we can now manage our payroll and payment tasks on one platform. It feels like our CFO has actually gotten another CFO, and with this enhanced ability, I have actually effectively secured payments for our 10,000 staff members worldwide. Your commitment to mastering worldwide payroll and payments using Papaya payroll OS is good. You deserve a corner workplace with a parking space that is better, considering your achievements.
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