Find out more about Compare Papaya Global And Intuit Payroll ... We now have the capability to handle both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has actually gotten a different Chief Financial Officer particularly devoted to handling payments. This offers us with a safe and secure and reputable technique of paying to our 10,000 staff members worldwide.}
the BEST global payroll managment app, conserves me hours of time monthly, one single dashboard for my payroll, EOR and professionals
Worker Website
Staff members have access to a Worker Website where they can view their pay slips, wage and tax statements and work files. The website is readily available in numerous languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global helps business use competitive advantages bundles to international staff members despite the variety of workers in the business. The business can establish medical insurance, short-term and long-term disability, vision, oral and maternity leave while getting rid of the requirement to source regional advantages service providers in every nation, develop regional accounts and have a minimum number of workers.
The HR capabilities offered by Global HR encompass numerous functions such as monitoring trip time, making sure compliance, facilitating the procedure of inviting new employees and bidding farewell to leaving ones, using a safe and secure online platform for saving employees' documents, and offering assistance for work allow procedures in case your employees need assistance because location.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force spending, labor force diversity, total work costs dispersed per location, total work expenses per cycle and far more.
environments around the world I offered management and method to populations of over a hundred thousand workers in more than 170 nations today I'm the payroll methods for as Mark said I work across business handling and building external relationships supporting Enterprise customers and options along with functioning as an advisor for those of you that don't know who papaya International is papaya is the first payroll and payments
business to make the time 100 list for most influential companies worldwide we offer payroll payments and workforce management to all worker enters over 160 nations I am pleased to state that we also have as Mark said Johnny Nash with us today Johnny would you like to present yourself of course thank you good morning great afternoon excellent night depending on where you remain in the world it's lovely 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've remained in the payments market for over 10 years and specifically dealing with the payroll and payment sector for over seven years um I was amazed by the complexity the difficulty in all of the above of
payroll payments and decided to kind of make a genuine go at that over the last 5 or 6 years where I have actually sort of had a range of different functions on the supplier side and also on the supplier side from a payroll viewpoint so actually eagerly anticipating this conversation today um and yeah thank you very much for your time everyone okay thanks Johnny uh we'll simply offer everybody another couple of uh well one of the 30 seconds approximately to join all of us work back to back these days so we'll sort 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 kind of like see where everyone 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 raining here it's very extremely gloomy 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 handling International payroll why business maintain separate
Virtual payroll accounts are an option to traditional bank accounts for managing payroll payments. This is particularly useful for international organizations with dispersed and remote labor forces, as it streamlines the complex procedure of cross-border payments. Instead of maintaining separate savings account for payroll in various countries, virtual accounts and digital wallets provide a more structured service. In this webinar, we will explore the benefits of using virtual payroll accounts and go over why they are ending up being a tactical possession 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 sure accurate, efficient, and timely payroll payments is a complex obstacle for organizations operating worldwide. Join us for a webinar to check out the benefits and drawbacks of payroll wallets versus payroll savings account, find out how companies forecast payroll costs to optimize working capital, and find how improving global payroll payments can change them from a burdensome task into a tactical property.
Handling payroll worldwide is an overwhelming task due to various guidelines, compliance requirements, information security concerns, and banking rules. The large variety of staff members and companies adds to the complexity, with an approximated 3.5 billion individuals in the worldwide labor force, 500 million of whom remain in Africa, and 230 million businesses worldwide.
Traditional payroll systems often result in manual processes, information silos, and an absence of integration, leading to disparities and inadequacies. Regardless of residing in a period of technological developments, payroll management has been slow to adjust, with as much as 25% of payroll still processed by hand, often utilizing pen and paper. This webinar goals to offer insights and solutions to streamline and enhance global payroll payments.
about it to give you an idea of how far there still is to come according to Deloitte just 11 of companies state they have Workforce information in real time that's another number that offers me sleepless nights and rather honestly the more a service invests in international payroll the less of a photo they see an absence of visibility also extends to payroll payments and failure to accurately track these payments can result in compliance incidents in the last mile of the transaction almost half of worldwide businesses have actually expressed that they do not have the level of standardization they need in their procedures or want and as a result eighty percent of errors are due to time reporting poor HCM data data entry errors poorly interacted hires and terminations along with lack management and system configurations and after that when you round all of it off and the data is shipped to the wrong place the average expense of a worldwide data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still require to move the money worldwide payroll and payments do not run efficiently if they rely on the needed numerous processes systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the difficulties organization face when they're making payments to workers or otherwise that's a good concern I constantly throw this back and say what is it what doesn't require to be included right and what does
it require to be thought about 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 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 client's own in-country account so there's complexity anywhere you look best eventually constructing a knowledge base is definitely important however all over you look with payroll payment they resemble incredibly payments no if however some babies about it you are all superheroes processing payments for payroll if you take a 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 definitely essential and innovation is allowing 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 Savings account Particulars varying banking requirements and setup procedures is absolutely imperative that payroll and financing teams work closer together than ever um I'm always astonished when people say I've split payroll and payment um if you walk down the street and asked anyone what is payroll who does not work in the payroll occupation would they divide the payroll payment from calculation 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 any place they are however also paying statutory authorities and on statutory 3rd parties so with the
The modern world puts a high worth on wellness and the settlement landscape is ending up being progressively elaborate. Organizations are constantly introducing brand-new advantages and payment choices, which contributes to the overall intricacy. Big corporations typically divide their payroll and payment processing into separate groups, which can lead to ineffectiveness and bottlenecks. In my opinion, this doesn't need to be the case. In today's technologically innovative period, there's no reason for maintaining troublesome procedures. Payroll, the company's greatest cost, must be processed correctly and on time. Even minor hold-ups can negatively affect staff members' well-being and have significant consequences. Therefore, it's crucial to prioritize precise and prompt payments.
The payroll team might not have been thanked for correctly processing payroll throughout a webinar. If anyone has been thanked, it would be great to hear their success story, whether it's from all employees or not. Payroll is an important cycle, and people only observe when things go wrong. Nevertheless, when things go right, it's viewed as simply a regular job. This is how it's viewed externally as well. For that reason, it is vital to ensure that tasks like Wi-Fi Worldwide and other crucial matters are done properly. Using the very first International Payments very first payroll payment service is a fantastic initial step towards supplying an extensive payroll option for staff members worldwide. Standardization, worldwide processes, and decreasing the number of tools, platforms, and checking account needed for international payroll are essential consider achieving service success. While we do not anticipate a hundred thousand thank yous within a payroll cycle, we do periodically get a few grievances when things do not go as prepared. Ultimately, we do not do it for the appreciation.
anyway we understand how how essential 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 simple as possible for everyone that's associated with those processes and also so envision sorry I'm just I was just gon na state think of the quantity of thanks you got if you could cover the amount of people that we cover within this webinar I make certain we're talking about numerous thousands potentially Millions picture getting that many thank you notes um I suggest it 'd be interesting to see the number of Post-it notes you got however it would certainly be an interesting task attempting to clean all those up for sure oh absolutely 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 browse them and actually see what was going on and sort of try to get back to everybody so carrying on appearance why do business pick to primary separate bank accounts there are businesses out there doing exactly this for particular nations and I have actually operated in a service or lots of organizations doing exactly that I can say it does not constantly feel effective and it does develop more work I understand we're not deliberately doing that we're not creating extra work for any person where we don't need to and any person that's dealing with 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 quantity that we are I think many factors one is it's the standard I think individuals have got so used to we need a brand-new bank account we open an entity and appropriately so you require it for payroll purposes however there are a number of markets where it's not a requirement so I believe it's simply been the standard and the standard the people have embraced and continue to do over years and years gone past to contribute 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 believe there's a variety I believe this is a process that needs taking a look at it needs altering however eventually people are extremely stuck with what they're familiar
with ideal um change is a tough thing we all do not like modification um so I believe it's just type of moving far from the norm as we have actually said so yeah so it keeps a lot of track of stuff um I understand clearly the benefits of having keeping several checking account however there's a substantial amount of intricacy opts for setting up a savings account maintaining it guaranteeing it can send out International transfers guaranteeing it's established with the right user accesses for specific people so the intricacy is huge but I believe the sincere response is change um individuals have not had the ability to alter or haven't had always the understanding to actually make that change into alternate Solutions besides opening a bank account I believe you have actually struck the nail on the head I think it is knowledge you understand and there is an aspect of resistance to change but we've always done it that way is no genuine excuse for not looking at the the benefits and the possibilities of moving on and moving into you know what could practically be figured out to be the next Century or so there is a lot to keep an eye on and this method does present several obstacles um so Johnny could you inform us about those obstacles yeah obviously so there's a range right there is so
I just recently made a change to our Business system by transitioning to OS. As a result, we can now handle our payroll and payment tasks on one platform. It seems like our CFO has actually acquired another CFO, and with this boosted ability, I have actually effectively secured payments for our 10,000 employees worldwide. Your dedication to mastering worldwide payroll and payments using Papaya payroll OS is good. You should have a corner workplace with a parking space that is more detailed, considering your achievements.
Sure Payroll Vs Papaya Global