Find out more about Papaya Global Payroll Phone Number ... 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 different Chief Financial Officer particularly committed to managing payments. This supplies us with a safe and reliable method of paying to our 10,000 employees worldwide.}
the very best worldwide payroll managment app, conserves me hours of time each month, one single dashboard for my payroll, EOR and contractors
Employee Website
Workers have access to a Worker Website where they can see their pay slips, wage and tax statements and work documents. The website is readily available in multiple languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global helps companies use competitive advantages bundles to worldwide employees despite the variety of workers in the company. The business can establish health insurance, short-term and long-lasting disability, vision, dental and maternity leave while getting rid of the need to source local advantages companies in every country, develop regional accounts and have a minimum variety of employees.
International HR Performances
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and migration services if your workers need work permit help.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce costs, labor force variety, overall work costs distributed per area, overall work costs per cycle and far more.
Globally, I have demonstrated leadership and strategic proficiency in directing massive populations of over 100,000 employees throughout 170 nations. Currently, I are accountable for managing payroll strategies, as mentioned by Mark. My role includes managing and establishing external collaborations, supporting Business customers, and supplying advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions company.
As a worldwide business, we are honored to be included on the prestigious Time 100 list of the most influential business worldwide. We focus on offering payroll and labor force management services to workers in more than 160 countries. I am delighted to present Johnny Nash, as pointed out by Mark. Now, I'll let Johnny introduce himself. Good day to all, regardless of your area. It's a satisfaction to fulfill you and thank you for your important 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 actually focused on payroll and payment services for the past 7 years. The complexities and difficulties of this field have constantly captivated me.
payroll payments and chose to sort of make a genuine go at that over the last five or 6 years where I've type of had a range of different roles on the provider side and likewise on the supplier side from a payroll point of view so actually looking forward to this conversation today um and yeah thank you quite for your time everybody okay thanks Johnny uh we'll just provide everybody another couple of uh well among the 30 seconds approximately to join all of us work back to back nowadays so we'll sort of let them do that so it 'd be quite fascinating and I can see it going on already 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 is 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 extremely extremely uninspiring and I wish I was elsewhere at this moment in time okay so let's begin our program for today is as follows um we are going to be looking at the challenge years of handling Worldwide payroll why business keep separate
Virtual payroll accounts are an option to standard checking account for managing payroll payments. This is especially beneficial for worldwide organizations with dispersed and remote labor forces, as it streamlines the complex process of cross-border payments. Instead of maintaining different bank accounts for payroll in different countries, virtual accounts and digital wallets provide a more structured solution. In this webinar, we will check out the benefits of using virtual payroll accounts and discuss why they are becoming a strategic possession for payroll executives. We will likewise offer a recap of the main points covered and leave time for a Q&A session at the end.
Guaranteeing precise, efficient, and timely payroll payments is a complex obstacle for businesses operating internationally. Join us for a webinar to check out the advantages and drawbacks of payroll wallets versus payroll bank accounts, learn how companies forecast payroll costs to optimize working capital, and discover how simplifying global payroll payments can change them from a burdensome task into a tactical asset.
Managing payroll worldwide is a difficult task due to different regulations, compliance requirements, information security concerns, and banking rules. The sheer variety of workers and organizations adds to the complexity, with an approximated 3.5 billion people in the international workforce, 500 million of whom are in Africa, and 230 million companies worldwide.
Traditional payroll systems often lead to manual procedures, information silos, and an absence of integration, causing disparities and ineffectiveness. Despite living in an era of technological improvements, payroll management has been slow to adjust, with as much as 25% of payroll still processed by hand, often utilizing pen and paper. This webinar objectives to provide insights and solutions to streamline and enhance worldwide payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte just 11 of businesses state they have Workforce information in real time that's another number that offers me sleepless nights and quite frankly the more a company spends on international payroll the less of a photo they see an absence of visibility also extends to payroll payments and inability to precisely track these payments can cause compliance mishaps in the last mile of the transaction nearly half of worldwide companies have actually expressed that they do not have the level of standardization they need in their procedures or want and as a result eighty percent of errors are because of time reporting poor HCM data information entry errors inadequately communicated hires and terminations as well as absence management and system configurations and after that when you round everything off and the data is delivered to the incorrect place the average expense of a worldwide data breach at this moment is 3.9 billion dollars when payrolls are done we still need to move the cash worldwide payroll and payments don't run efficiently if they count on the essential 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 challenges service face when they're paying to staff members or otherwise that's an excellent question I always toss this back and state what is it what doesn't need to be consisted of right 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 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 client's own in-country account so there's complexity any place you look ideal ultimately developing a knowledge base is definitely crucial but everywhere you look with payroll payment they are like super payments no if however some babies about it you are all superheroes processing payments for payroll if you take a look at the kind of link between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are absolutely basic and innovation is enabling us to sort of move on with that it likewise as well to add to that payroll and financing require to work closer together um with varying Savings account Details differing banking requirements and setup procedures is absolutely important that payroll and finance teams work more detailed together than ever um I'm always impressed when people state 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 profession would they split the payroll payment from estimation 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 process it's the point of data collection all the way through to paying individuals any place they are but likewise paying statutory authorities and on statutory 3rd parties so with the
world we live in and well-being being increasingly more important to contribute to sort of the level of complexity there's increasingly more benefits being organ or being offered by services across the world so once again you're simply wanting to include increasingly more payments to this currently complex landscape so if you kind of got any experience well I'm from your large experience here and I make sure but have you got any experience in kind of genuine difficulties or real tough type of pay uses to play to pay individuals I believe yeah I mean over the last well yeah a couple of decades I would definitely say that the bigger a service gets the more it tends to segregate the payroll and the payments functions um there are teams doing one part of the task there are groups feeding info into the next function as it were that's actually managing the payment side of things however you know in in my opinion and my experience that doesn't necessarily need 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 need to be in in an age of tech and an era that you understand that we are working in today there is no reason why we are still making this as challenging as it requires to be agreed and appropriately as you said payroll is the single biggest liability that any company has from a cost point of view from an effect perspective on employees it is absolutely critical that it's done properly 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 detrimental effect on people's well-being and numerous other elements if individuals aren't paid uh I've always been amazed entering into this Market type of the last 5 to 10 years is how little thanks the
The payroll group might not have been thanked for properly processing payroll throughout a webinar. If anybody has been thanked, it would be excellent to hear their success story, whether it's from all staff members or not. Payroll is a crucial cycle, and people just discover when things fail. Nevertheless, when things go right, it's viewed as simply a routine task. This is how it's viewed externally as well. For that reason, it is necessary to make sure that jobs like Wi-Fi Global and other vital matters are done correctly. Utilizing the very first Worldwide Payments first payroll payment solution is an excellent initial action towards offering a thorough payroll service for staff members worldwide. Standardization, global procedures, and lowering the variety of tools, platforms, and bank accounts essential for international payroll are key factors in achieving 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 don't go as planned. Eventually, we don't do it for the appreciation.
anyhow we understand how how essential a role 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 easy as possible for everyone that's associated with those procedures and likewise so picture sorry I'm just I was just gon na say picture the amount of thanks you got if you could cover the quantity of individuals that we cover within this webinar I'm sure we're talking about hundreds of thousands possibly Millions imagine getting that many 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 interesting task attempting to clean all those up for sure oh definitely I can't imagine the size of my my Outlook inbox if that was the case um you 'd require days of the week to attempt to look through them and in fact see what was going on and kind of try to get back to everybody so moving on appearance why do business choose to main different bank accounts there are services out there doing precisely this for specific countries and I've worked in a business or many services doing precisely that I can say it doesn't always feel effective and it does create more work I know we're not deliberately doing that we're not producing additional work for anyone where we do not have to and any person that's handling 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 believe many factors one is it's the requirement I think people have actually got so used to we require a new bank account we open an entity and appropriately 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 just been the requirement and the norm individuals have actually embraced and continue to do over years and years gone past to contribute to that people have taken a look at things like trust accounts and lots of other ways um to to sort of do it so I think there's a range I believe this is a process that needs looking 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 do not like modification um so I believe it's just sort of moving far from the standard as we have actually said so yeah so it keeps a lot of track of things um I understand certainly the benefits of having preserving numerous bank accounts however there's a substantial quantity of intricacy goes with establishing a savings account keeping it guaranteeing it can send out International transfers ensuring it's established with the ideal user accesses for individual people so the intricacy is huge however I believe the honest response is modification um individuals have not been able to alter or have not had necessarily the understanding to actually make that change into alternate Solutions besides opening a savings account I believe you've struck the nail on the head I think it is understanding you understand and there is an element of resistance to change but we have actually always 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 could practically be determined to be the next Century or so there is a lot to track and this approach does present numerous challenges um so Johnny could you inform us about those challenges yeah of course so there's a range right there is so
I recently made a modification 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 gotten another CFO, and with this enhanced ability, I have effectively secured payments for our 10,000 staff members worldwide. Your commitment to mastering international payroll and payments using Papaya payroll OS is commendable. You deserve a corner workplace with a parking space that is more detailed, considering your accomplishments.
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