Find out more about Payroll Like Papaya Global ... We now have the capability to manage both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has acquired a different Chief Financial Officer specifically committed to managing payments. This provides us with a safe and secure and reputable technique of making payments to our 10,000 employees worldwide.}
The advanced global payroll management app simplifies my payroll process, conserving me a significant quantity of time each month. With its easy to use interface, I have access to a single control panel that effectively manages my payroll, EOR, and contractors.
Employee Portal
Staff members have access to an Employee Website where they can view their pay slips, wage and tax declarations and work files. The portal is offered in numerous languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global assists business offer competitive advantages bundles to international staff members regardless of the variety of workers in the business. The company can set up medical insurance, short-term and long-lasting impairment, vision, oral and maternity leave while removing the need to source local benefits service providers in every nation, produce local accounts and have a minimum number of employees.
Worldwide HR Functionalities
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' files and immigration services if your employees need work license help.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force spending, workforce diversity, overall work expenses dispersed per location, overall employment costs per cycle and a lot more.
environments around the world I supplied management and technique to populations of over a hundred thousand employees in more than 170 countries today I'm the payroll strategies for as Mark said I work throughout business handling and building external relationships supporting Business customers and solutions as well as serving as a consultant for those of you that don't understand who papaya Global is papaya is the very first payroll and payments
As an international company, we are honored to be consisted of on the prominent Time 100 list of the most prominent business worldwide. We focus on supplying 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 present himself. Good day to all, no matter your place. It's a pleasure to fulfill you and thank you for your valuable 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 focused on payroll and payment services for the past 7 years. The complexities and challenges of this field have actually always mesmerized me.
payroll payments and decided to type of make a real go at that over the last 5 or six years where I've kind of had a range of various functions on the provider side and likewise on the supplier side from a payroll perspective so really anticipating this conversation today um and yeah thank you very much for your time everyone alright thanks Johnny uh we'll simply offer everyone another number of uh well among the 30 seconds approximately to join we all work back to back nowadays so we'll type of let them do that so it 'd be quite intriguing 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 everyone comes from and I actually do hope it's much sunnier than it is 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 very very gloomy and I want I was somewhere else at this moment in time alright so let's begin our agenda for today is as follows um we are going to be looking at the difficulty years of managing International payroll why business preserve different
checking account payroll virtual wallets versus payroll checking account payroll payroll uh sorry papaya payroll payments anticipating payroll costs using virtual payroll accounts enhancing papaya Global payroll payments as a tactical possession uh we'll likewise go over a recap and that must leave his time at the extremely very end for a q a session so as the title of the webinar recommends payroll officers on moving to Virtual payroll accounts and here is why as dispersed to remote and Worldwide workforces become increasingly more typical and managing them ends up being increasingly more intricate Worldwide companies are looking to find Solutions and brand-new ways to simplify processes particularly from a payroll and cross-border payment perspective lots of organizations maintain different checking account just for payroll while some have several accounts in various countries does it make good sense for business to preserve separate checking account often in different nations it does but just for payroll is there a much better way what role do virtual accounts and digital wallets also known as virtual wallets play in helping international companies enhance the episode complex processes of
Guaranteeing accurate, effective, and timely payroll payments is a complex obstacle for services running worldwide. Join us for a webinar to check out the benefits and drawbacks of payroll wallets versus payroll bank accounts, discover how companies anticipate payroll costs to enhance working capital, and discover how streamlining global payroll payments can change them from a difficult task into a tactical possession.
Handling payroll globally is a complicated task due to numerous policies, compliance requirements, data security concerns, and banking rules. The sheer variety of workers and services adds to the intricacy, with an approximated 3.5 billion individuals in the global workforce, 500 million of whom remain in Africa, and 230 million businesses worldwide.
Conventional payroll systems often result in manual processes, information silos, and an absence of integration, resulting in disparities and inefficiencies. Regardless of residing in a period of technological improvements, payroll management has been sluggish to adjust, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar goals to provide insights and solutions to simplify and enhance global payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte only 11 of services state they have Labor force data in real time that's another number that offers me sleepless nights and quite honestly the more an organization spends on global payroll the less of a photo they see a lack of presence likewise encompasses payroll payments and failure to precisely track these payments can lead to compliance incidents in the last mile of the deal nearly half of worldwide businesses have actually revealed that they do not have the level of standardization they need in their procedures or desire and as a result eighty percent of mistakes are due to time reporting poor HCM information information entry mistakes poorly interacted hires and terminations along with lack management and system configurations and then when you round it all off and the information is shipped to the wrong location the typical cost of a worldwide information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the money around the world payroll and payments don't run smoothly if they count on the required numerous 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 obstacles business face when they're making payments to staff members or otherwise that's a good question I constantly toss this back and state what is it what doesn't need to be consisted of ideal 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 timespan there's payment capabilities 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 consumer's own in-country account so there's intricacy any place you look best eventually constructing a knowledge base is definitely vital but everywhere you look with payroll payment they resemble incredibly payments no if but some children about it you are all superheroes processing payments for payroll if you look at the type of link in between fintech and payroll it's closer than ever I believe there's now a bit more recognition that payroll payments are absolutely basic and technology is permitting us to kind of move forward with that it likewise too to add to that payroll and finance need to work closer together um with differing Savings account Particulars varying banking requirements and setup procedures is definitely important that payroll and financing groups work more detailed together than ever um I'm always impressed when people state I have actually split 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 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 procedure it's the point of data collection all the way through to paying individuals anywhere they are but likewise paying statutory authorities and on statutory 3rd parties so with the
world we reside in and wellness being more and more crucial to contribute to kind of the level of intricacy there's more and more benefits being organ or being used by businesses across the world so again you're just aiming to include more and more payments to this currently complicated landscape so if you kind of got any experience well I'm from your huge experience here and I make certain however have you got any experience in kind of genuine difficulties or genuine difficult type of pay uses to play to pay people I think yeah I imply over the last well yeah a couple of years I would certainly state that the bigger an organization gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the job there are teams feeding information into the next function as it were that's in fact handling the payment side of things however you understand in in my viewpoint and my experience that does not always need to be the case you know long gone are the times where we require to create extra handoffs at the same times that we run in they just make them more timely they make them less efficient and they do not make them what they require to be in in an age of tech and an age that you understand that we are working in today there is no reason why we are still making this as difficult as it requires to be concurred and rightly as you said payroll is the single greatest liability that any company has from a cost point of view from an impact perspective on staff members it is definitely 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 greatest harmful result on people's wellness and many other elements if people aren't paid uh I have actually always been astonished entering this Market kind of the last 5 to ten years is how little thanks the
The payroll team might not have actually been thanked for properly processing payroll throughout a webinar. If anyone has actually been thanked, it would be excellent to hear their success story, whether it's from all employees or not. Payroll is an important cycle, and individuals only observe when things fail. Nevertheless, when things go right, it's seen as just a regular job. This is how it's perceived externally as well. Therefore, it is necessary to ensure that tasks like Wi-Fi International and other essential matters are done correctly. Using the first International Payments very first payroll payment service is a fantastic initial step towards offering an extensive payroll option for staff members worldwide. Standardization, worldwide processes, and reducing the variety of tools, platforms, and savings account needed for international payroll are crucial consider achieving service success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do periodically receive a couple of complaints when things do not go as prepared. Ultimately, we don't do it for the thankfulness.
anyway we know how how important 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 involved in those procedures and likewise so picture sorry I'm just I was just gon na say imagine 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 discussing hundreds of thousands potentially Millions picture getting that lots of thank you notes um I indicate it 'd be interesting to see how many Post-it notes you got however it would definitely be an intriguing task attempting to clean up all those up for sure oh absolutely I can't think of the size of my my Outlook inbox if that was the case um you 'd require days of the week to try to look through them and in fact see what was going on and sort of shot to return to everybody so proceeding appearance why do companies choose to primary different bank accounts there are services out there doing exactly this for particular nations and I have actually operated in a company or lots of organizations doing precisely that I can say it doesn't always feel efficient and it does produce more work I understand we're not deliberately doing that we're not developing additional work for any person where we don't need to and anybody that's handling that procedure I 'd be interested to hear your thoughts Johnny why do you think that we're doing that in in the in the quantity that we are I think many factors one is it's the standard I believe people have actually got so utilized to we need a brand-new checking account we open an entity and appropriately so you require it for payroll purposes but there are a number of markets where it's not a requirement so I believe it's just been the standard and the standard the people have actually adopted and continue to do over years and years gone past to add 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 variety I think this is a procedure that needs taking a look at it needs altering but eventually people are extremely stuck with what they're familiar
with ideal 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 stuff um I comprehend undoubtedly the advantages of having keeping several checking account but there's a big amount of intricacy opts for setting up a checking account preserving it guaranteeing it can send International transfers guaranteeing it's established with the ideal user accesses for individual people so the complexity is huge however I believe the truthful response is modification um people haven't been able to alter or haven't had necessarily the understanding to truly make that change into alternate Solutions other than opening a bank account I believe you have actually hit the nail on the head I think it is understanding you understand and there is an element of resistance to alter but we've always done it that way is no real excuse for not taking a look at the the benefits and the possibilities of carrying on and moving into you know what could almost be figured out to be the next Century or so there is a lot to monitor and this method does position numerous challenges um so Johnny might you tell us about those difficulties yeah naturally so there's a range 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 Worldwide employees you are worthy of a corner workplace with a better parking space since I mastered International payroll and payments with Papaya payroll OS did you
Papaya Global Art