Patriot Payroll Vs Papaya Global

Find out more about Patriot Payroll Vs Papaya Global ... We now have the ability to manage both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer specifically devoted to managing payments. This offers us with a protected and reliable method of making payments to our 10,000 staff members worldwide.}

The advanced international payroll management app streamlines my payroll process, saving me a considerable amount of time every month. With its easy to use interface, I have access to a single dashboard that effectively handles my payroll, EOR, and specialists.

Employee Portal
Employees have access to an Employee Website where they can view their pay slips, wage and tax declarations and work files. The portal is available in numerous languages and can be accessed on a desktop or mobile device.

Benefits Administration
Papaya Global assists business offer competitive advantages plans to global employees no matter the number of workers in the business. The business can establish medical insurance, short-term and long-lasting disability, vision, oral and maternity leave while eliminating the need to source regional advantages service providers in every nation, produce local accounts and have a minimum variety of employees.

International HR Performances
's HR performances consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' files and immigration services if your staff members need work license 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 area, overall work costs per cycle and a lot more.

Worldwide, I have actually shown leadership and strategic expertise in directing massive populations of over 100,000 workers across 170 countries. Presently, I am responsible for managing payroll techniques, as discussed by Mark. My role involves managing and developing external partnerships, supporting Business clients, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options supplier.

As an international business, we are honored to be consisted of on the prestigious Time 100 list of the most prominent companies worldwide. We focus on supplying payroll and labor force management services to employees in more than 160 countries. I am delighted to introduce Johnny Nash, as pointed out by Mark. Now, I'll let Johnny introduce himself. Good day to all, no matter your location. It's a pleasure to fulfill you and thank you for your important time. As Ian pointed out, I am Johnny Nash, the director of payments at our company. With over a decade of experience in the payments market, I have actually focused on payroll and payment solutions for the past 7 years. The complexities and difficulties of this field have constantly mesmerized me.

payroll payments and decided to kind of make a real go at that over the last five or 6 years where I have actually type of had a variety of various functions on the service provider side and also on the vendor side from a payroll point of view so actually eagerly anticipating this conversation today um and yeah thank you very much for your time everyone okay thanks Johnny uh we'll just give everyone another couple of uh well one of the 30 seconds approximately to join we all work back to back these days so we'll kind of let them do that so it 'd be rather fascinating and I can see it going on currently just to hear where everyone is um it's nice to to kind of like see where everybody 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 extremely bleak and I wish I was somewhere else at this moment in time alright so let's get going our program for today is as follows um we are going to be looking at the obstacle years of handling International payroll why business maintain separate

Virtual payroll accounts are an alternative to standard checking account for handling payroll payments. This is especially useful for global organizations with dispersed and remote workforces, as it streamlines the complex process of cross-border payments. Instead of keeping separate checking account for payroll in different nations, virtual accounts and digital wallets provide a more structured option. In this webinar, we will explore the benefits of using virtual payroll accounts and go over why they are ending up being a strategic asset for payroll executives. We will likewise provide a recap of the bottom lines covered and leave time for a Q&A session at the end.

Making sure precise, efficient, and timely payroll payments is a complex obstacle for services operating worldwide. Join us for a webinar to explore the benefits and drawbacks of payroll wallets versus payroll checking account, find out how companies forecast payroll costs to enhance working capital, and discover how streamlining worldwide payroll payments can transform them from a troublesome job into a tactical property.

Managing payroll worldwide is a difficult job due to different guidelines, compliance requirements, information security concerns, and banking guidelines. The sheer number of employees and services adds to the intricacy, with an estimated 3.5 billion people in the global workforce, 500 million of whom remain in Africa, and 230 million organizations worldwide.

Traditional payroll systems often result in manual processes, data silos, and an absence of combination, resulting in inconsistencies and inadequacies. In spite of living in an age of technological improvements, payroll management has actually been sluggish to adjust, with as much as 25% of payroll still processed by hand, often using pen and paper. This webinar objectives to supply insights and solutions to streamline and enhance international payroll payments.

about it to offer you an idea of how far there still is to come according to Deloitte just 11 of businesses say they have Labor force information in real time that's another number that offers me sleep deprived nights and rather frankly the more an organization spends on global payroll the less of an image they see a lack of exposure likewise extends to payroll payments and failure to properly track these payments can result in compliance mishaps in the last mile of the deal nearly half of international services have revealed that they do not 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 poor HCM information information entry errors improperly communicated hires and terminations in addition to lack management and system configurations and then when you round everything off and the information is delivered to the wrong location the average expense of a global information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the cash worldwide payroll and payments don't run smoothly if they count on the needed multiple procedures systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the difficulties company face when they're making payments to workers or otherwise that's an excellent question I constantly toss this back and state what is it what does not require to be included best and what does

it need to be considered there's differing Bank information so the length of an eye band a swift an account number routing code per country there's payment time frames there's payment abilities so can you pay it from International or do you need to pay from an in-country account do you have to pay from the client's own in-country account so there's intricacy wherever you look best eventually building a knowledge base is definitely important but all over you look with payroll payment they are like incredibly payments no if however some babies about it you are all superheroes processing payments for payroll if you look at the type 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 fundamental and technology is allowing us to sort of move forward with that it also as well to contribute to that payroll and finance require to work closer together um with varying Savings account Details varying banking requirements and setup processes is definitely essential that payroll and finance groups work more detailed together than ever um I'm always amazed when people say I have actually divided payroll and payment um if you walk down the street and asked anybody what is payroll who does not work in the payroll occupation would they divide 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 ultimately 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 but also paying statutory authorities and on statutory third parties so with the

world we reside in and wellness being a growing number of essential to contribute to type of the level of complexity there's increasingly more advantages being organ or being provided by businesses across the world so once again you're simply aiming to include increasingly more payments to this currently intricate 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 difficulties or genuine challenging kind of pay utilizes to play to pay individuals I believe yeah I imply over the last well yeah a number of years I would certainly say that the larger an organization 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 really handling the payment side of things but you understand in in my opinion and my experience that does not necessarily require to be the case you understand long gone are the times where we require to develop additional handoffs at the same times that we run in they simply make them more prompt they make them less effective and they do not make them what they need to be in in an age of tech and an age that you understand that we are working in today there is no reason we are still making this as tough as it needs to be agreed and rightly 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 definitely important that it's done correctly 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 greatest damaging impact on people's wellness and numerous other aspects if individuals aren't paid uh I've always been impressed coming into this Market sort of the last 5 to ten years is how little thanks the

payroll group get um so I'm unsure anyone on this type of webinar has actually been told thank you for processing my payroll correctly if you have it 'd be fantastic to hear your success story and whether that's been from all workers or not um but eventually payroll is such an essential cycle all of us become aware of it when it fails everybody jumps up and down when it fails however when it goes right it's simply a tick box workout 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 properly so leveraging the first Worldwide Payments first payroll payment service is a terrific primary step um providing an end-to-end payroll option for your staff members globally once again I believe is another substantial um process once again aligning and ensuring you have standardization Worldwide procedures all of those things are definitely essential to success success of services and minimizing the variety of tools platforms and checking 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 don't anticipate to you do get the odd five or 10 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 do not think any of us are actually doing that for for the thanks

anyway we understand how how crucial 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 simple as possible for everybody that's involved in those processes and also so think of sorry I'm simply I was just gon na say imagine the quantity of thanks you got if you could cover the amount of people that we cover within this webinar I'm sure we're talking about hundreds of thousands possibly Millions imagine getting that numerous thank you keeps in mind um I suggest it 'd be interesting to see how many Post-it notes you got but it would absolutely be an intriguing job trying to clean 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 need days of the week to attempt to check out them and in fact see what was going on and kind of shot to get back to everybody so carrying on look why do companies pick to main separate bank accounts there are businesses out there doing exactly this for particular nations and I have actually operated in a service or numerous services doing precisely that I can say it does not always feel effective and it does develop more work I understand we're not purposely doing that we're not creating additional work for any person where we do not need to and any person that's managing 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 amount that we are I believe many factors one is it's the requirement I think people have actually got so utilized to we require a brand-new checking 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 think it's just been the standard 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 looked at things like trust accounts and many other methods um to to kind of do it so I believe there's a range I think this is a process that needs looking at it needs altering but eventually individuals are very stuck to what they recognize

with right um modification is a tough thing all of us don't like modification um so I believe it's simply kind of moving away from the norm as we've said so yeah so it keeps a great deal of track of things um I comprehend obviously the advantages of having keeping several savings account however there's a big quantity of intricacy goes with establishing a checking account preserving it guaranteeing it can send out International transfers ensuring it's set up with the ideal user accesses for individual individuals so the intricacy is huge however I believe the honest answer is change um people have not had the ability to change or have not had always the understanding to truly make that change into alternate Solutions aside from opening a savings account I believe you have actually hit the nail on the head I think it is knowledge you understand and there is a component of resistance to alter but we have actually constantly done it that way is no genuine reason for not looking at the the benefits and the possibilities of carrying on and moving into you know what could nearly be determined to be the next Century or two there is a lot to keep an eye on and this technique does position a number of obstacles um so Johnny could you tell us about those difficulties yeah of course so there's a variety right there is so

I just did you switched our Business 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 employees you should have a corner office with a closer parking space because I mastered Global payroll and payments with Papaya payroll OS did you

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