Find out more about Add Owner To Papaya Global Payroll ... 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 gotten a different Chief Financial Officer specifically dedicated to managing payments. This offers us with a protected and dependable method of paying to our 10,000 employees worldwide.}
The advanced international payroll management app streamlines my payroll process, saving me a significant quantity of time each month. With its user-friendly user interface, I have access to a single control panel that efficiently handles my payroll, EOR, and specialists.
Staff member Portal
Staff members have access to a Staff member Portal where they can view their pay slips, wage and tax statements and work documents. The website is available in several languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps companies offer competitive advantages bundles to international employees regardless of the number of workers in the company. The company can set up health insurance, short-term and long-lasting disability, vision, dental and maternity leave while removing the need to source regional benefits suppliers in every country, develop regional accounts and have a minimum number of employees.
Global HR Performances
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and immigration services if your workers need work authorization help.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force spending, labor force variety, total employment costs distributed per location, total employment expenses per cycle and far more.
Globally, I have shown management and strategic knowledge in directing massive populations of over 100,000 employees across 170 countries. Currently, I am responsible for managing payroll strategies, as mentioned by Mark. My role involves handling and establishing external partnerships, supporting Business customers, and providing advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services company.
business to make the time 100 list for most influential business worldwide we offer payroll payments and labor force management to all employee types in over 160 nations I am pleased to state that we also have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself naturally thank you good morning great afternoon good evening depending on where you are in the world it's beautiful to meet you and thank you very much for your time as Ian said my name is Johnny Nash and I'm the payments director here at um I have actually remained in the payments market for over 10 years and specifically dealing with the payroll and payment sector for over 7 years um I was fascinated by the complexity the trouble in all of the above of
payroll payments and decided to kind of make a real go at that over the last five or six years where I have actually sort of had a variety of various functions on the service provider side and likewise on the supplier side from a payroll viewpoint so truly looking forward to this discussion today um and yeah thank you very much for your time everybody alright thanks Johnny uh we'll just give everybody another number of uh well among the 30 seconds or so to join we all work back to back these days so we'll type 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 type of like see where everybody originates from and I actually 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 very extremely uninspiring and I wish I was elsewhere at this moment in time okay so let's start our program for today is as follows um we are going to be taking a look at the difficulty years of managing International payroll why business maintain different
Virtual payroll accounts are an option to traditional savings account for managing 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 preserving different bank accounts for payroll in various countries, virtual accounts and digital wallets provide a more streamlined solution. In this webinar, we will explore the advantages of using virtual payroll accounts and go over why they are becoming a tactical asset for payroll executives. We will also provide a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments precisely efficiently firmly and on time throughout this webinar we'll stroll you through the global benefits and drawbacks of a payroll wallet versus a payroll savings account how companies properly forecast their payroll expenses to increase working capital and how enhancing Worldwide payroll payments can turn them from a siled pane into a strategic possession so payroll can be challenging in adequate in one nation however when you're doing it internationally it's next level and Beyond it ends up being complex for a variety of reasons most notably regulations compliance information security and banking rules then there are the large numbers they add more intricacy the worldwide Labor force is currently three and a half billion individuals by 2030 it's estimated that in Africa alone they will contribute and further 1.1 billion individuals that number is currently 500 million just for for a scale then consider that there are some 230 million companies and growing all doing their own thing around the world in the standard payroll model there's typically a frustrating variety of different systems leading to lengthy manual procedures and silos the variety of Combinations could be non-existent in big amounts and or extremely really fundamental there's no real consistency structure we're residing in an era of tech however payroll has been sluggish to get on board in fact as much as 25 of payroll is still done by hand often with pen and paper which just blows my mind every time I I believe
about it to provide you a concept of how far there still is to come according to Deloitte only 11 of businesses state they have Workforce information in real time that's another number that offers me sleepless nights and rather frankly the more a service invests in worldwide payroll the less of a picture they see a lack of exposure also reaches payroll payments and failure to accurately track these payments can cause compliance mishaps in the last mile of the deal nearly half of global services have actually revealed that they don't have the level of standardization they need in their processes or want and as a result eighty percent of mistakes are due to time reporting bad HCM data data entry errors badly communicated hires and terminations along with absence management and system setups and after that when you round all of it off and the data is shipped to the incorrect place the typical expense of an international information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the cash around the world payroll and payments don't run efficiently if they rely on the needed several processes 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 difficulties service face when they're paying to staff members or otherwise that's a great concern I constantly toss this back and say what is it what does not need to be included ideal and what does
it need to be thought about there's differing Bank information so the length of an eye band a swift an account number routing code per country there's payment amount of time 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 customer's own in-country account so there's intricacy wherever you look ideal eventually building a knowledge base is absolutely important but everywhere you look with payroll payment they are like extremely payments no if but some babies about it you are all superheroes processing payments for payroll if you take a look at the sort of link between fintech and payroll it's closer than ever I believe there's now a bit more acknowledgment that payroll payments are absolutely essential and innovation is permitting us to type of move on with that it likewise too to contribute to that payroll and financing require to work closer together um with varying Checking account Details varying banking requirements and setup processes is definitely vital that payroll and finance groups work more detailed together than ever um I'm constantly impressed when individuals state I have actually divided payroll and payment um if you stroll down the street and asked anybody what is payroll who doesn't operate 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 frequently split and cut up um ultimately it's payroll is an end-to-end procedure it's the point of data collection all the way through to paying people any place they are however also paying statutory authorities and on statutory 3rd parties so with the
world we live in and well-being being more and more important to add to sort of the level of intricacy there's a growing number of advantages being organ or being offered by organizations across the world so again you're simply looking to include increasingly more payments to this currently complicated landscape so if you sort of got any experience well I'm from your large experience here and I make sure however have you got any experience in kind of real obstacles or genuine challenging type of pay utilizes to play to pay people I believe yeah I mean over the last well yeah a number of decades I would definitely state that the larger a service gets the more it tends to segregate the payroll and the payments works um there are groups doing one part of the job there are groups feeding details into the next function as it were that's in fact managing the payment side of things but you know in in my opinion and my experience that does not necessarily need to be the case you know long gone are the times where we need to create additional handoffs while doing sos that we run in they simply make them more timely they make them less efficient and they don't make them what they require to be in in an age of tech and an age that you know that we are operating in today there is no reason that we are still making this as difficult as it needs to be agreed and appropriately as you stated payroll is the single biggest liability that any business has from an expense perspective from an effect point of view on employees it is absolutely crucial 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 most significant destructive impact on people's well-being and numerous other factors if individuals aren't paid uh I have actually constantly been surprised entering this Market sort of the last 5 to 10 years is how little thanks the
payroll team get um so I'm not exactly sure anybody on this kind of webinar has been told thank you for processing my payroll correctly if you have it 'd be great to hear your success story and whether that's been from all workers or not um but ultimately payroll is such a crucial cycle all of us find out about 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 believe that's how it's seen from the external view as well um so yeah it's likewise like why WI-Fi Global why all of this stuff is absolutely essential that all of this things is done correctly so leveraging the first International Payments first payroll payment service is a great primary step um offering an end-to-end payroll option for your employees internationally once again I think is another substantial um process again aligning and guaranteeing you have standardization International procedures all of those things are definitely essential to success success of companies and decreasing the number of tools platforms and checking account they need 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've never ever had a hundred thousand of them within a payroll cycle do not expect to you do get the odd five or 10 or whatever it might be with the with the the complaints where things haven't gone quite where they're indicated 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 easy as possible for everyone that's involved in those processes and also so picture sorry I'm just I was just gon na state picture the amount of thanks you got if you might cover the quantity of people that we cover within this webinar I make sure we're talking about hundreds of thousands possibly Millions imagine 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 certainly be a fascinating job attempting to clean up 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 need days of the week to try to check out them and in fact see what was going on and type of shot to return to everybody so moving on look why do companies choose to primary separate checking account there are companies out there doing exactly this for specific countries and I have actually operated in a business or many companies doing precisely that I can state it doesn't constantly feel efficient and it does create more work I understand we're not intentionally doing that we're not producing additional work for anybody where we don't need to and anyone that's dealing with 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 many factors one is it's the standard I believe people have got so utilized to we need a brand-new savings account we open an entity and appropriately so you require it for payroll functions however there are a number of markets where it's not a requirement so I think it's simply been the requirement and the standard the people have embraced and continue to do over years and years gone past to add to that people have 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 process that needs looking at it requires changing but eventually individuals are extremely stuck to what they recognize
with ideal um change is a challenging thing all of us do not like change um so I believe it's just kind of moving far from the norm as we've said so yeah so it keeps a lot of track of stuff um I comprehend obviously the benefits of having maintaining multiple checking account however there's a substantial quantity of complexity chooses setting up a checking account preserving it ensuring it can send International transfers guaranteeing it's established with the ideal user accesses for individual people so the intricacy is substantial however I believe the honest response is modification um people haven't had the ability to alter or have not had always the understanding 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 think it is knowledge you know and there is a component of resistance to change 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 understand what might almost be figured out to be the next Century or so there is a lot to monitor and this approach does pose a number of obstacles um so Johnny might you tell us about those obstacles yeah naturally 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 Global workers you deserve a corner workplace with a more detailed parking space because I mastered International payroll and payments with Papaya payroll OS did you
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