Find out more about Papaya Global Payroll Mapping ... We now have the ability to handle 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 devoted to managing payments. This offers us with a safe and reliable approach of making payments to our 10,000 staff members worldwide.}
the very best global payroll managment app, conserves me hours of time monthly, one single control panel for my payroll, EOR and specialists
Staff member Portal
Employees have access to an Employee Website where they can view their pay slips, wage and tax declarations and work files. The website is readily available in numerous languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global assists companies provide competitive advantages bundles to international employees despite the variety of workers in the company. The company can establish medical insurance, short-term and long-term special needs, vision, dental and maternity leave while removing the need to source local advantages suppliers in every country, create local accounts and have a minimum variety of employees.
The HR abilities offered by Worldwide HR incorporate various functions such as monitoring vacation time, guaranteeing compliance, facilitating the procedure of welcoming brand-new workers and bidding goodbye to leaving ones, using a safe and secure online platform for storing employees' files, and offering support for work permit treatments in case your staff members need help in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce costs, workforce variety, total employment expenses dispersed per area, total employment costs per cycle and a lot more.
Internationally, I have actually shown leadership and strategic expertise in assisting massive populations of over 100,000 workers throughout 170 countries. Currently, I are accountable for managing payroll techniques, as mentioned by Mark. My role includes handling and developing external collaborations, supporting Enterprise customers, and providing advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments services provider.
As a worldwide company, we are honored to be consisted of on the distinguished Time 100 list of the most prominent business worldwide. We focus on providing payroll and workforce management services to workers in more than 160 countries. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny introduce himself. Good day to all, no matter your place. It's a satisfaction to meet 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 years of experience in the payments industry, I have focused on payroll and payment solutions for the past 7 years. The intricacies and obstacles of this field have actually constantly captivated me.
payroll payments and decided to kind of make a real go at that over the last five or six years where I have actually sort of had a variety of various roles on the supplier side and also on the supplier side from a payroll viewpoint so truly eagerly anticipating this conversation today um and yeah thank you very much for your time everyone all right thanks Johnny uh we'll just give everyone another number of uh well one of the 30 seconds approximately to join all of us work back to back these days so we'll kind of let them do that so it 'd be rather interesting and I can see it going on currently just to hear where everyone is um it's nice to to type of like see where everyone comes from and I really 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 raining here it's really extremely gloomy and I wish I was elsewhere at this moment in time all right 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 handling Worldwide payroll why business preserve separate
Virtual payroll accounts are an alternative to traditional bank accounts for managing payroll payments. This is especially helpful for worldwide companies with dispersed and remote workforces, as it streamlines the intricate procedure of cross-border payments. Instead of maintaining different bank accounts for payroll in various nations, virtual accounts and digital wallets use a more streamlined service. In this webinar, we will check out the benefits of using virtual payroll accounts and discuss why they are ending up being a tactical possession for payroll executives. We will likewise supply a wrap-up of the main points covered and leave time for a Q&A session at the end.
making payroll payments accurately efficiently firmly and on time throughout this webinar we'll stroll you through the global benefits and drawbacks of a payroll wallet versus a payroll checking account how companies properly anticipate their payroll costs 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 hard in sufficient in one country but when you're doing it internationally it's next level and Beyond it becomes intricate for a variety of reasons most significantly regulations compliance information security and banking rules then there are the sheer numbers they include more complexity the global Labor force is currently 3 and a half billion people by 2030 it's approximated that in Africa alone they will contribute and more 1.1 billion individuals that number is presently 500 million just for for a scale then consider that there are some 230 million services and growing all doing their own thing all over the world in the traditional payroll design there's often an overwhelming variety of different systems causing lengthy manual processes and silos the variety of Combinations could be non-existent in big quantities and or extremely really basic there's no genuine consistency structure we're living 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 frequently with pen and paper and that just blows my mind each time I I think
about it to offer you a concept of how far there still is to come according to Deloitte only 11 of companies state they have Workforce data in real time that's another number that gives me sleepless nights and quite frankly the more a company invests in international payroll the less of an image they see a lack of visibility likewise reaches payroll payments and inability to accurately track these payments can cause compliance mishaps in the last mile of the transaction nearly half of international organizations 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 errors are due to time reporting bad HCM data data entry mistakes badly interacted hires and terminations as well as absence management and system setups and after that when you round all of it off and the data is shipped to the incorrect location the typical expense of a global information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the money around the world payroll and payments don't run smoothly if they count on the necessary multiple 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 business face when they're making payments to workers or otherwise that's a great concern I always throw this back and say what is it what does not require to be consisted of right and what does
it require to be thought of there's differing Bank details so the length of an eye band a swift an account number routing code per nation there's payment time frames there's payment abilities 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 customer's own in-country account so there's complexity anywhere you look right eventually developing a knowledge base is definitely crucial but all over you look with payroll payment they resemble super payments no if but some infants 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 believe there's now a bit more acknowledgment that payroll payments are definitely fundamental and innovation is enabling us to sort of progress with that it also also to contribute to that payroll and finance require to work closer together um with varying Bank Account Details differing banking requirements and setup procedures is absolutely imperative that payroll and financing groups work better together than ever um I'm constantly amazed 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 divide the payroll payment from estimation 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 eventually it's payroll is an end-to-end process it's the point of information collection all the way through to paying people wherever they are but likewise paying statutory authorities and on statutory 3rd parties so with the
world we live in and wellness being a growing number of essential to add to kind of the level of intricacy there's more and more benefits being organ or being provided by companies throughout the world so again you're simply aiming to add increasingly more payments to this currently complicated landscape so if you type of got any experience well I'm from your large experience here and I'm sure however have you got any experience in kind of genuine challenges or real tough type of pay uses to play to pay people I believe yeah I mean over the last well yeah a couple of years I would definitely state that the larger a service gets the more it tends to segregate the payroll and the payments works um there are groups doing one part of the task there are teams feeding information into the next function as it were that's really handling the payment side of things but you know in in my viewpoint and my experience that doesn't necessarily require to be the case you know long gone are the times where we need to produce extra handoffs at the same times that we run in they just make them more prompt they make them less effective and they don't make them what they require to be in in a period of tech and a period that you know that we are working in today there is no reason why we are still making this as difficult as it needs to be agreed and rightly as you stated payroll is the single biggest liability that any service has from an expense point of view from an impact point of view on staff members it is definitely vital that it's done correctly and on time so what we indicate by that is not a day before not a day after on pay day and payments need to be done right it has the greatest harmful effect on people's wellness and many other aspects if people aren't paid uh I have actually always been impressed entering this Market type of the last 5 to 10 years is how little thanks the
payroll group get um so I'm unsure anyone on this kind of webinar has been informed thank you for processing my payroll properly if you have it 'd be great to hear your success story and whether that's been from all employees or not um however ultimately payroll is such an essential cycle we all find out about it when it goes wrong everybody jumps up and down when it goes wrong however when it goes right it's just a tick box workout and I think that's how it's seen from the external deem well um so yeah it's also like why WI-Fi Global why all of this things is definitely vital that all of this stuff is done properly so leveraging the very first International Payments first payroll payment service is a great primary step um supplying an end-to-end payroll option for your staff members worldwide once again I think is another substantial um process again aligning and guaranteeing you have standardization Worldwide procedures all of those things are definitely key to success success of businesses and decreasing the number of tools platforms and savings 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 ever had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd five or 10 or whatever it might be with the with the the grievances where things haven't gone quite where they're meant to be um I do not believe any of us are in fact doing that for for the thanks
anyway we know 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 simple as possible for everybody that's involved in those procedures and also so envision sorry I'm simply I was simply gon na state imagine the amount of thanks you got if you might cover the amount of people that we cover within this webinar I make certain we're speaking about numerous thousands possibly Millions imagine 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 certainly be an intriguing task trying to clean all those up for sure oh absolutely I can't picture the size of my my Outlook inbox if that was the case um you 'd need days of the week to attempt to browse them and in fact see what was going on and sort of shot to return to everyone so carrying on appearance why do business pick to primary separate checking account there are businesses out there doing exactly this for particular countries and I've operated in an organization or many services doing precisely that I can state it does not always feel efficient and it does create more work I know we're not intentionally doing that we're not producing additional work for anyone where we don't need to and anyone that's dealing with 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 quantity that we are I believe numerous factors one is it's the standard I think individuals have got so utilized to we need a brand-new checking account we open an entity and appropriately so you need it for payroll purposes however there are a number of markets where it's not a requirement so I think it's simply been the requirement and the norm individuals have adopted and continue to do over years and years gone past to contribute to that individuals have taken a look at things like trust accounts and numerous other methods um to to kind of do it so I think there's a variety I believe this is a procedure that requires looking at it requires altering however ultimately people are really stuck to what they recognize
with right um change is a tough thing we all don't like change um so I think it's just sort of moving far from the norm as we have actually said so yeah so it keeps a great deal of track of things um I understand clearly the advantages of having maintaining numerous bank accounts however there's a big amount of complexity opts for setting up a checking account maintaining it ensuring it can send out International transfers guaranteeing it's established with the ideal user accesses for individual people so the intricacy is huge however I believe the truthful response is modification um individuals have not had the ability to change or have not had necessarily the understanding to really make that change into alternate Solutions besides opening a checking account I believe you've hit the nail on the head I think it is knowledge you know and there is a component of resistance to change but we've constantly done it that way is no genuine excuse for not looking at the the benefits and the possibilities of moving on and moving into you know what might practically be identified to be the next Century approximately there is a lot to track and this method does posture a number of obstacles um so Johnny could you tell us about those obstacles yeah obviously so there's a variety right there is so
I simply did you changed our Enterprise 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 staff members you should have a corner workplace with a more detailed parking space since I mastered International payroll and payments with Papaya payroll OS did you
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