Find out more about Papaya Global Payroll Support Phone Number ... We now have the ability to handle both our payroll and payments procedures on one merged platform. It's as if our Chief Financial Officer has actually obtained a separate Chief Financial Officer particularly committed to handling payments. This supplies us with a safe and dependable approach of making payments to our 10,000 workers worldwide.}
the BEST international payroll managment app, saves me hours of time every month, one single dashboard for my payroll, EOR and contractors
The Employee Portal offers staff members with the ability to gain access to and view important files such as pay slips, wage and tax statements, and employment records. This website is accessible on both desktop and mobile devices and is offered in numerous languages.
Benefits Administration
Papaya Global assists business use competitive advantages packages to worldwide workers no matter the variety of employees in the company. The company can establish health insurance, short-term and long-lasting disability, vision, oral and maternity leave while removing the requirement to source regional advantages service providers in every nation, create local accounts and have a minimum number of staff members.
The HR capabilities offered by Worldwide HR encompass numerous functions such as keeping track of trip time, guaranteeing compliance, assisting in the procedure of welcoming brand-new workers and bidding goodbye to leaving ones, offering a safe online platform for keeping employees' files, and supplying assistance for work allow treatments in case your employees require help in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce costs, workforce diversity, total work expenses dispersed per area, overall employment expenses per cycle and a lot more.
Worldwide, I have demonstrated management and strategic knowledge in assisting large-scale populations of over 100,000 workers throughout 170 countries. Presently, I are accountable for overseeing payroll strategies, as discussed by Mark. My function includes handling and establishing external partnerships, supporting Enterprise clients, and supplying advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions provider.
company to make the time 100 list for most prominent business on the planet we offer payroll payments and workforce management to all worker enters over 160 nations I am pleased to say that we likewise have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself naturally thank you good morning great afternoon excellent night depending upon where you remain in the world it's charming to satisfy you and thank you very much for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I have actually remained in the payments industry for over ten years and specifically working on the payroll and payment sector for over 7 years um I was amazed by the intricacy the problem in all of the above of
payroll payments and chose to type of make a genuine go at that over the last 5 or six years where I've kind of had a variety of different functions on the company side and likewise on the vendor side from a payroll viewpoint so actually looking forward to this discussion today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll simply give everybody another couple of uh well among the 30 seconds approximately to join all of us work back to back these days so we'll type of let them do that so it 'd be rather interesting 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 everyone originates from and I truly 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 raining here it's extremely very bleak and I want I was elsewhere at this moment in time fine so let's get started our agenda for today is as follows um we are going to be looking at the challenge years of handling International payroll why companies maintain different
savings account payroll virtual wallets versus payroll savings account payroll payroll uh sorry papaya payroll payments anticipating payroll expenses using virtual payroll accounts enhancing papaya International payroll payments as a tactical asset uh we'll likewise go over a recap and that should leave his time at the very extremely end for a q a session so as the title of the webinar recommends payroll officers on transferring to Virtual payroll accounts and here is why as dispersed to remote and International labor forces become more and more common and handling them becomes more and more complicated International companies are wanting to find Solutions and new methods to improve processes specifically from a payroll and cross-border payment standpoint numerous companies keep separate bank account just for payroll while some have several accounts in various countries does it make sense for companies to keep different bank accounts often in various countries it does but just for payroll exists a better method what function do virtual accounts and digital wallets also known as virtual wallets play in helping multinational business streamline the episode complex processes of
Making sure precise, effective, and prompt payroll payments is a complex difficulty for businesses running internationally. Join us for a webinar to explore the advantages and drawbacks of payroll wallets versus payroll savings account, discover how business forecast payroll costs to enhance working capital, and discover how enhancing worldwide payroll payments can transform them from a burdensome task into a strategic asset.
Managing payroll internationally is a complicated task due to numerous regulations, compliance requirements, information security issues, and banking rules. The large number of workers and organizations adds to the complexity, with an estimated 3.5 billion people in the global labor force, 500 million of whom are in Africa, and 230 million organizations worldwide.
Traditional payroll systems typically lead to manual processes, information silos, and an absence of integration, causing disparities and inadequacies. In spite of residing in an era of technological advancements, payroll management has been slow to adjust, with as much as 25% of payroll still processed manually, typically using pen and paper. This webinar goals to supply insights and options to simplify and enhance global payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of organizations state they have Workforce information in real time that's another number that offers me sleepless nights and quite honestly the more an organization spends on worldwide payroll the less of an image they see a lack of exposure likewise encompasses payroll payments and inability to accurately track these payments can lead to compliance incidents in the last mile of the deal almost half of worldwide services have actually expressed that they do not have the level of standardization they need in their procedures or desire and as a result eighty percent of errors are due to time reporting poor HCM information information entry errors inadequately interacted hires and terminations as well as lack management and system configurations and after that when you round everything off and the information is delivered to the wrong place the typical cost of a global data breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the money all over the world payroll and payments don't run smoothly if they rely on the required numerous processes systems and partners it is simply not possible so Johnny from a payments point of view and in your experience what else requires to be factored into the obstacles service face when they're making payments to staff members or otherwise that's an excellent question I constantly toss this back and say what is it what doesn't need to be included right and what does
it require to be considered there's differing Bank details so the length of an eye band a swift an account number routing code per nation there's payment timespan there's payment abilities 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 intricacy any place you look right ultimately developing a knowledge base is definitely vital but all over you look with payroll payment they resemble very payments no if however some babies about it you are all superheroes processing payments for payroll if you look at the sort 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 essential and innovation is enabling us to type of move on with that it also also to add to that payroll and financing require to work closer together um with differing Savings account Details differing banking requirements and setup processes is definitely essential that payroll and finance teams work more detailed together than ever um I'm always astonished when individuals state I have actually divided payroll and payment um if you stroll down the street and asked anybody 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 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 data collection all the way through to paying people anywhere they are however also paying statutory authorities and on statutory 3rd parties so with the
world we live in and wellness being more and more crucial to contribute to type of the level of complexity there's a growing number of advantages being organ or being offered by companies across the world so again you're simply 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'm sure however have you got any experience in kind of real obstacles or real difficult type of pay utilizes to play to pay individuals I believe yeah I suggest over the last well yeah a number of years I would certainly say that the larger a service gets the more it tends to segregate the payroll and the payments functions um there are teams doing one part of the job there are teams feeding info into the next function as it were that's actually managing the payment side of things but you know in in my opinion and my experience that doesn't always require to be the case you know long gone are the times where we require to produce extra handoffs at the same times that we run in they just make them more prompt they make them less efficient and they don't make them what they need to be in in a period of tech and an age that you know that we are operating in today there is no reason why we are still making this as difficult as it requires to be concurred and appropriately as you stated payroll is the single greatest liability that any organization has from a cost viewpoint from an impact viewpoint on staff members it is absolutely crucial 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 have to be done right it has the greatest harmful impact on individuals's well-being and numerous other aspects if people aren't paid uh I've always been surprised entering into this Market sort of the last 5 to ten years is how little thanks the
The payroll group might not have been thanked for properly processing payroll throughout a webinar. If anybody has actually been thanked, it would be great to hear their success story, whether it's from all workers or not. Payroll is a crucial cycle, and individuals only observe when things go wrong. However, when things go right, it's viewed as just a regular task. This is how it's perceived externally as well. Therefore, it is essential to make sure that jobs like Wi-Fi Worldwide and other important matters are done correctly. Using the very first Worldwide Payments very first payroll payment service is an excellent initial step towards supplying an extensive payroll option for employees worldwide. Standardization, worldwide processes, and decreasing the variety of tools, platforms, and savings account necessary for international payroll are crucial consider achieving organization success. While we do not anticipate a hundred thousand thank yous within a payroll cycle, we do occasionally get a couple of complaints when things do not go as prepared. Eventually, we don't do it for the thankfulness.
anyhow we know how how important a function 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 everyone that's associated with those processes and likewise so envision sorry I'm just I was simply gon na state think of the amount of thanks you got if you might cover the amount of individuals that we cover within this webinar I make certain we're speaking about numerous thousands possibly Millions think of getting that numerous thank you notes um I mean it 'd be interesting to see how many Post-it notes you got but it would absolutely be an intriguing task attempting to clean all those up for sure oh definitely I can't picture the size of my my Outlook inbox if that was the case um you 'd require days of the week to try to check out them and really see what was going on and sort of shot to get back to everybody so moving on look why do companies choose to main separate bank accounts there are companies out there doing exactly this for particular countries and I have actually worked in an organization or many businesses doing exactly that I can say it does not constantly feel effective and it does produce more work I know we're not intentionally doing that we're not producing extra work for anyone where we do not have to and any person that's managing that procedure I 'd be interested to hear your thoughts Johnny why do you believe that we're doing that in in the in the quantity that we are I think numerous factors one is it's the requirement I believe people have actually got so utilized to we need a new checking account we open an entity and rightly so you require it for payroll functions but there are a number of markets where it's not a requirement so I believe it's just been the standard and the norm the people have embraced and continue to do over years and years gone past to add to that people have actually taken a look at things like trust accounts and many other ways um to to kind of do it so I believe there's a variety I believe this is a process that needs taking a look at it needs changing but eventually people are very stuck to what they're familiar
with best um change is a tough thing all of us do not like change um so I think it's just kind of moving far from the standard as we've said so yeah so it keeps a lot of track of things um I understand certainly the benefits of having preserving multiple checking account but there's a big amount of complexity goes with setting up a savings account preserving it guaranteeing it can send out International transfers guaranteeing it's set up with the best user accesses for private people so the complexity is huge however I think the sincere response is change um people have not had the ability to alter or haven't had always the knowledge to truly make that change into alternate Solutions other than opening a savings account I believe you have actually struck the nail on the head I believe it is knowledge you know and there is an aspect of resistance to change however we've constantly done it that way is no real excuse for not looking at the the advantages and the possibilities of moving on and moving into you know what could nearly be determined to be the next Century approximately there is a lot to track and this approach does position a number of difficulties um so Johnny might you tell us about those obstacles 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 actually gotten another CFO, and with this enhanced capability, I have actually successfully secured payments for our 10,000 staff members worldwide. Your commitment to mastering worldwide 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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