Find out more about Papaya Global Payroll Not Working ... We now have the capability to manage both our payroll and payments processes on one merged platform. It's as if our Chief Financial Officer has acquired a separate Chief Financial Officer particularly dedicated to managing payments. This offers us with a safe and reputable technique of paying to our 10,000 workers worldwide.}
the BEST global payroll managment app, conserves me hours of time each month, one single dashboard for my payroll, EOR and specialists
The Worker Website provides employees with the capability to gain access to and view crucial files such as pay slips, wage and tax declarations, and work records. This portal is accessible on both desktop and mobile devices and is offered in different languages.
Advantages Administration
Papaya Global assists companies offer competitive advantages bundles to worldwide employees regardless of the variety of staff members in the company. The company can establish medical insurance, short-term and long-term disability, vision, oral and maternity leave while eliminating the need to source local advantages suppliers in every country, produce regional accounts and have a minimum variety of workers.
International HR Performances
's HR functionalities consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and immigration services if your workers require work license support.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force costs, labor force diversity, total employment expenses dispersed per area, overall employment costs per cycle and far more.
Worldwide, I have actually shown leadership and tactical competence in directing large-scale populations of over 100,000 workers across 170 countries. Presently, I are accountable for managing payroll methods, as mentioned by Mark. My function includes handling and developing external collaborations, supporting Business customers, and providing advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services provider.
As an international company, we are honored to be included on the prestigious Time 100 list of the most influential business worldwide. We specialize in offering payroll and labor force management services to staff members in more than 160 nations. I am delighted to introduce Johnny Nash, as mentioned by Mark. Now, I'll let Johnny introduce himself. Good day to all, no matter your place. It's a satisfaction to satisfy you and thank you for your valuable time. As Ian mentioned, 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 complexities and difficulties of this field have constantly captivated me.
payroll payments and chose to type of make a real go at that over the last 5 or 6 years where I have actually sort of had a variety of different roles on the provider side and likewise on the supplier side from a payroll point of view so really anticipating this conversation today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll simply give everyone another couple of uh well one of the 30 seconds or two to join all of us work back to back nowadays 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 everybody is um it's nice to to type of like see where everybody originates from and I really do hope it's much sunnier than it remains in the UK today definitely not the peak of the sunshine is it it's not no it's it's drizzling here it's really very uninspiring 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 taking a look at the obstacle years of managing International payroll why companies preserve separate
Virtual payroll accounts are an alternative to conventional checking account for handling payroll payments. This is especially useful for worldwide companies with dispersed and remote workforces, as it simplifies the complex process of cross-border payments. Instead of keeping separate savings account for payroll in different countries, virtual accounts and digital wallets offer a more streamlined service. In this webinar, we will check out the benefits of using virtual payroll accounts and talk about why they are ending up being a tactical possession for payroll executives. We will also provide a recap of the main points covered and leave time for a Q&A session at the end.
Making sure precise, effective, and prompt payroll payments is a complex difficulty for businesses running globally. Join us for a webinar to explore the benefits and downsides of payroll wallets versus payroll savings account, learn how business forecast payroll costs to optimize working capital, and discover how enhancing international payroll payments can transform them from a burdensome job into a strategic asset.
Managing payroll globally is a challenging job due to different policies, compliance requirements, information security issues, and banking rules. The large number of staff members and businesses contributes to the intricacy, with an approximated 3.5 billion individuals in the global labor force, 500 million of whom remain in Africa, and 230 million services worldwide.
Standard payroll systems typically lead to manual procedures, information silos, and a lack of integration, causing disparities and inadequacies. Regardless of living in an age of technological improvements, payroll management has actually been sluggish to adapt, with as much as 25% of payroll still processed by hand, typically using pen and paper. This webinar objectives to offer insights and services to simplify and enhance worldwide payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte only 11 of companies say they have Labor force information in real time that's another number that gives me sleep deprived nights and rather honestly the more a company spends on global payroll the less of an image they see an absence of visibility also reaches payroll payments and failure to precisely track these payments can cause compliance accidents in the last mile of the transaction almost half of worldwide services have expressed that they don't have the level of standardization they require in their procedures or desire and as a result eighty percent of errors are due to time reporting bad HCM information data entry errors poorly communicated hires and terminations as well as absence management and system setups and then when you round everything off and the data is shipped to the wrong place the average cost of an international data breach at this moment is 3.9 billion dollars when payrolls are done we still need to move the money around the world payroll and payments don't run efficiently if they count on the needed numerous processes systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the difficulties company face when they're paying to workers or otherwise that's an excellent concern I constantly throw this back and say what is it what does not require to be consisted of ideal and what does
it require to be thought of there's varying Bank details so the length of an eye band a swift an account number routing code per country 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 have 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 however 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 take a look at the type 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 essential and technology is enabling us to kind of move on with that it likewise also to contribute to that payroll and financing require to work closer together um with differing Bank Account Particulars differing banking requirements and setup processes is absolutely essential that payroll and financing groups work better together than ever um I'm constantly impressed when individuals say I have actually split payroll and payment um if you walk down the street and asked anyone what is payroll who does not work in the payroll occupation would they split the payroll payment from computation I would say no so why do we as an industry accept that why our payroll and payments so often 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 anywhere they are however also paying statutory authorities and on statutory 3rd parties so with the
The modern world positions a high value on well-being and the compensation landscape is ending up being progressively detailed. Services are continually presenting new advantages and payment choices, which contributes to the overall intricacy. Big corporations typically divide their payroll and payment processing into separate groups, which can result in ineffectiveness and traffic jams. In my viewpoint, this doesn't need to hold true. In today's technologically sophisticated age, there's no justification for preserving cumbersome treatments. Payroll, the company's greatest expenditure, should be processed correctly and on time. Even minor hold-ups can adversely affect staff members' wellness and have significant effects. For that reason, it's vital to prioritize accurate and timely payments.
payroll team 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 great to hear your success story and whether that's been from all workers or not um however eventually payroll is such a crucial cycle all of us become aware of it when it fails everyone jumps up and down when it goes wrong however when it goes right it's simply a tick box exercise and I think that's how it's seen from the external deem well um so yeah it's likewise like why WI-Fi Global why all of this stuff is definitely crucial that all of this stuff is done correctly so leveraging the very first International Payments first payroll payment solution is an excellent first step um supplying an end-to-end payroll service for your workers worldwide again I think is another substantial um process again lining up and ensuring you have standardization Global procedures all of those things are absolutely key to success success of services and lowering the number of tools platforms and checking account they need for their International payroll too couldn't agree with you more and on the the front in terms of of the thank yous for getting payroll done I've never ever had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd five or ten or whatever it might be with the with the the complaints where things have not gone rather where they're meant to be um I don't think any of us are actually doing that for for the thanks
anyhow we understand how how crucial a function 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 associated with those processes and likewise so picture sorry I'm just I was simply gon na state envision the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I'm sure we're talking about hundreds of thousands potentially Millions think of getting that many thank you notes um I imply it 'd be interesting to see the number of Post-it notes you got but it would absolutely be an interesting job attempting to clean up all those up for sure oh definitely I can't envision the size of my my Outlook inbox if that was the case um you 'd need days of the week to try to browse them and actually see what was going on and kind of shot to get back to everyone so moving on appearance why do business pick to primary separate savings account there are organizations out there doing precisely this for particular countries and I have actually operated in an organization or numerous services doing exactly that I can say it does not constantly feel effective and it does develop more work I know we're not deliberately doing that we're not producing extra work for any person where we do not have to and anyone that's dealing with that process I 'd be interested to hear your ideas Johnny why do you think that we're doing that in in the in the quantity that we are I think numerous reasons one is it's the standard I think people have got so used to we require a new bank account we open an entity and appropriately so you need it for payroll purposes but there are a variety of markets where it's not a requirement so I believe it's simply been the requirement and the standard the people have actually embraced and continue to do over years and years gone past to contribute to that individuals have actually taken a look at things like trust accounts and numerous other ways um to to type of do it so I think there's a range I believe this is a process that needs taking a look at it requires altering but eventually people are really stuck to what they're familiar
with ideal um modification is a tough thing we all don't like modification um so I believe it's just type of moving far from the norm as we've said so yeah so it keeps a great deal of track of things um I comprehend certainly the advantages of having keeping multiple savings account however there's a big amount of intricacy goes with establishing a bank account preserving it ensuring it can send out International transfers ensuring it's set up with the best user accesses for specific people so the intricacy is substantial but I believe the honest response is change um individuals haven't had the ability to change or haven't had always the knowledge to truly make that change into alternate Solutions aside from opening a bank account I think you have actually struck the nail on the head I believe it is knowledge you understand and there is an element of resistance to change but we have actually always done it that way is no real reason for not looking at the the benefits and the possibilities of moving on and moving into you know what could practically be determined to be the next Century or two there is a lot to monitor and this method does present a number of obstacles um so Johnny might you tell 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 handle our payroll and payment jobs on one platform. It feels like our CFO has gotten another CFO, and with this enhanced ability, I have actually effectively protected payments for our 10,000 employees worldwide. Your devotion to mastering global payroll and payments using Papaya payroll OS is commendable. You are worthy of a corner workplace with a parking space that is more detailed, considering your accomplishments.
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