Find out more about Apple Iphone Papaya Global Payroll App ... We now have the ability to handle both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has obtained a separate Chief Financial Officer particularly dedicated to handling payments. This provides us with a safe and secure and reputable method of paying to our 10,000 workers worldwide.}
The cutting-edge worldwide payroll management app enhances my payroll process, conserving me a substantial amount of time monthly. With its user-friendly interface, I have access to a single dashboard that efficiently manages my payroll, EOR, and professionals.
The Staff member Website provides staff members with the capability 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 phones and is provided in various languages.
Benefits Administration
Papaya Global assists business offer competitive benefits bundles to global employees despite the number of employees in the business. The business can establish health insurance, short-term and long-term impairment, vision, oral and maternity leave while eliminating the requirement to source regional advantages suppliers in every country, develop local accounts and have a minimum variety of employees.
Global HR Functionalities
's HR functionalities consist of 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 gives you insights into workforce spending, workforce diversity, total employment expenses distributed per place, total employment expenses per cycle and much more.
environments across the globe 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 stated I work throughout business managing and building external relationships supporting Enterprise customers and solutions along with serving as an advisor for those of you that do not know who papaya International is papaya is the first payroll and payments
business to make the time 100 list for the majority of prominent companies in the world we supply payroll payments and labor force management to all worker types in over 160 nations I am pleased to say that we likewise have as Mark said Johnny Nash with us today Johnny would you like to introduce yourself naturally thank you good morning excellent afternoon good night depending upon where you remain in the world it's beautiful to satisfy you and thank you quite for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I've been in the payments industry for over 10 years and particularly dealing with the payroll and payment sector for over 7 years um I was interested by the complexity the difficulty in all of the above of
payroll payments and chose to sort of make a real go at that over the last 5 or six years where I've kind of had a variety of various roles on the supplier side and also on the supplier side from a payroll perspective so truly eagerly anticipating this discussion today um and yeah thank you quite for your time everybody alright thanks Johnny uh we'll just give everyone another number of uh well among the 30 seconds approximately to join all of us work back to back nowadays 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 everybody is um it's nice to to kind of like see where everybody originates from and I really do hope it's much sunnier than it remains 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 dreary and I wish I was somewhere else at this moment in time alright so let's get started our program for today is as follows um we are going to be taking a look at the obstacle years of managing International payroll why companies keep separate
savings account payroll virtual wallets versus payroll bank accounts payroll payroll uh sorry papaya payroll payments anticipating payroll costs using virtual payroll accounts improving papaya Global payroll payments as a tactical asset uh we'll likewise review a wrap-up which must leave his time at the really very end for a q a session so as the title of the webinar recommends payroll execs on transferring to Virtual payroll accounts and here is why as dispersed to remote and Worldwide labor forces become more and more typical and managing them ends up being a growing number of complex Global organizations are aiming to find Solutions and new methods to enhance procedures particularly from a payroll and cross-border payment perspective lots of organizations maintain different checking account just for payroll while some have multiple accounts in different nations does it make good sense for business to keep different checking account sometimes in various nations it does but just for payroll is there a much better way what role do virtual accounts and digital wallets likewise known as virtual wallets play in helping multinational business enhance the episode complex processes of
Ensuring accurate, efficient, and timely payroll payments is a complex difficulty for organizations operating globally. Join us for a webinar to check out the advantages and downsides of payroll wallets versus payroll savings account, discover how companies anticipate payroll expenses to enhance working capital, and discover how enhancing worldwide payroll payments can transform them from a difficult job into a tactical asset.
Managing payroll worldwide is an overwhelming task due to numerous guidelines, compliance requirements, information security issues, and banking guidelines. The large variety of employees and services adds to the intricacy, with an estimated 3.5 billion individuals in the worldwide labor force, 500 million of whom remain in Africa, and 230 million organizations worldwide.
Traditional payroll systems often result in manual procedures, data silos, and a lack of integration, leading to inconsistencies and inefficiencies. In spite of living in a period of technological advancements, payroll management has actually been slow to adjust, with as much as 25% of payroll still processed by hand, typically utilizing pen and paper. This webinar aims to provide insights and options to streamline and optimize worldwide 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 information in real time that's another number that provides me sleepless nights and quite honestly the more a service spends on global payroll the less of a picture they see a lack of presence also extends to payroll payments and failure to precisely track these payments can result in compliance accidents in the last mile of the deal nearly half of international services have revealed that they do not have the level of standardization they require in their processes or desire and as a result eighty percent of errors are due to time reporting poor HCM information information entry mistakes badly communicated hires and terminations along with absence management and system setups and after that when you round it all off and the information is shipped to the wrong place the typical cost of a worldwide information breach at this moment is 3.9 billion dollars when payrolls are done we still need to move the cash around the world payroll and payments don't run smoothly if they rely on the required numerous procedures systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the obstacles service face when they're paying to staff members or otherwise that's a great concern I always toss this back and say what is it what doesn't need to be included best and what does
it need to be considered there's varying Bank details 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 have to pay from an in-country account do you have to pay from the client's own in-country account so there's intricacy any place you look right ultimately developing a knowledge base is absolutely crucial but everywhere you look with payroll payment they resemble extremely payments no if however some children about it you are all superheroes processing payments for payroll if you look at the sort of link in between fintech and payroll it's closer than ever I think there's now a bit more recognition that payroll payments are definitely essential and innovation is permitting us to sort of move forward with that it also too to contribute to that payroll and financing need to work closer together um with varying Checking account Details varying banking requirements and setup procedures is definitely important that payroll and finance teams work better together than ever um I'm constantly amazed when people state I have actually divided payroll and payment um if you stroll down the street and asked anyone what is payroll who doesn't work in the payroll profession would they divide the payroll payment from estimation I would say no so why do we as an industry accept that why our payroll and payments so frequently 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 any place they are however also paying statutory authorities and on statutory third parties so with the
world we reside in and well-being being more and more crucial to contribute to kind of the level of intricacy there's more and more advantages being organ or being offered by businesses across the world so again you're just seeking to include a growing number of payments to this currently complicated landscape so if you kind 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 genuine obstacles or real difficult sort of pay uses to play to pay people I think yeah I suggest over the last well yeah a number of decades I would absolutely say that the bigger a service gets the more it tends to segregate the payroll and the payments functions um there are groups doing one part of the task there are teams feeding details into the next function as it were that's really handling the payment side of things however you know in in my opinion and my experience that does not always require to be the case you understand long gone are the times where we need 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 don't make them what they need to be in in a period of tech and an age that you understand that we are operating in today there is no reason why we are still making this as challenging as it requires to be concurred and appropriately as you stated payroll is the single most significant liability that any company has from an expense viewpoint from an effect point of view on employees it is absolutely important 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 biggest detrimental impact on individuals's wellness and lots of other aspects if individuals aren't paid uh I've constantly been surprised entering this Market kind of the last five to 10 years is how little thanks the
The payroll team might not have actually been thanked for correctly processing payroll throughout a webinar. If anyone has actually been thanked, it would be terrific to hear their success story, whether it's from all workers or not. Payroll is a crucial cycle, and individuals only notice when things go wrong. Nevertheless, when things go right, it's seen as simply a regular task. This is how it's perceived externally too. Therefore, it is important to ensure that jobs like Wi-Fi Worldwide and other important matters are done correctly. Utilizing the first Global Payments very first payroll payment option is a terrific preliminary step towards providing an extensive payroll service for employees worldwide. Standardization, worldwide procedures, and reducing the number of tools, platforms, and checking account essential for worldwide payroll are key consider attaining company success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do occasionally receive a couple of complaints when things do not go as prepared. Eventually, 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 easy as possible for everyone that's associated with those processes and also so think of sorry I'm just I was simply gon na say envision the quantity of thanks you got if you could cover the amount of individuals that we cover within this webinar I make certain we're speaking about numerous thousands potentially Millions picture getting that lots of thank you keeps in mind um I suggest it 'd be interesting to see the number of Post-it notes you got but it would certainly be a fascinating job trying to clean up all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that was the case um you 'd require days of the week to try to browse them and actually see what was going on and kind of shot to get back to everybody so moving on look why do business choose to primary different bank accounts there are services out there doing precisely this for particular countries and I have actually worked in a business or numerous services doing exactly that I can say it doesn't constantly feel effective and it does create more work I understand we're not intentionally doing that we're not producing extra work for any person where we do not have to and any person that's managing that process I 'd be interested to hear your thoughts Johnny why do you think that we're doing that in in the in the amount that we are I think lots of factors one is it's the standard I believe individuals have got so used to we require a new bank account we open an entity and appropriately so you need it for payroll functions however there are a number of markets where it's not a requirement so I think it's just been the requirement and the norm the people have actually 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 many other ways um to to kind of do it so I believe there's a range I think this is a process that requires taking a look at it needs changing but eventually people are really stuck to what they're familiar
with best um modification is a challenging thing we all don't like change um so I believe it's just sort of moving far from the norm as we have actually said so yeah so it keeps a lot of track of things um I comprehend obviously the advantages of having preserving multiple checking account however there's a substantial amount of complexity chooses establishing a bank account keeping it guaranteeing it can send International transfers ensuring it's established with the right user accesses for specific people so the complexity is big however I believe the honest response is change um people haven't had the ability to alter or haven't had always the knowledge to really make that change into alternate Solutions besides 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 however we've always done it that way is no genuine reason for not taking a look at the the benefits and the possibilities of proceeding and moving into you know what could almost be figured out to be the next Century or two there is a lot to monitor and this technique does position a number of challenges um so Johnny might you inform us about those obstacles yeah of course so there's a range right there is so
I recently made a change to our Enterprise system by transitioning to OS. As a result, we can now handle our payroll and payment tasks on one platform. It feels like our CFO has gotten another CFO, and with this enhanced ability, I have actually effectively secured payments for our 10,000 staff members worldwide. Your commitment to mastering global payroll and payments using Papaya payroll OS is good. You should have a corner workplace with a parking space that is better, considering your accomplishments.
Sure Payroll Vs Papaya Global