Find out more about Compare Papaya Global And Sage Payroll ... We now have the ability to manage both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has actually obtained a different Chief Financial Officer particularly devoted to managing payments. This supplies us with a safe and secure and trusted method of paying to our 10,000 staff members worldwide.}
The innovative global payroll management app simplifies my payroll process, conserving me a considerable amount of time each month. With its user-friendly interface, I have access to a single control panel that efficiently handles my payroll, EOR, and contractors.
The Staff member Portal offers staff members with the capability to gain access to and view essential files such as pay slips, wage and tax statements, and work records. This website is accessible on both desktop and mobile devices and is provided in numerous languages.
Advantages Administration
Papaya Global helps companies provide competitive benefits bundles to global workers despite the variety of workers in the business. The business can set up health insurance, short-term and long-term special needs, vision, oral and maternity leave while getting rid of the requirement to source local advantages service providers in every nation, produce regional accounts and have a minimum variety of workers.
International HR Performances
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' files and immigration services if your workers require work permit support.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, labor force variety, overall work costs dispersed per area, total work costs per cycle and a lot more.
Globally, I have shown management and tactical knowledge in directing massive populations of over 100,000 staff members throughout 170 nations. Currently, I am responsible for managing payroll methods, as discussed by Mark. My role involves managing and developing external collaborations, supporting Business clients, and offering advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions service provider.
business to make the time 100 list for a lot of prominent business on the planet we offer payroll payments and workforce management to all employee key ins over 160 countries I am pleased to say that we likewise have as Mark said Johnny Nash with us today Johnny would you like to present yourself naturally thank you good morning good afternoon excellent evening depending on where you remain in the world it's lovely to fulfill you and thank you very much for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I have actually remained in the payments market for over ten years and particularly dealing with the payroll and payment sector for over 7 years um I was interested by the complexity the problem in all of the above of
payroll payments and chose to sort of make a genuine go at that over the last five or 6 years where I have actually kind of had a variety of various functions on the company side and likewise on the supplier side from a payroll perspective so truly looking forward to this discussion today um and yeah thank you quite for your time everyone okay thanks Johnny uh we'll just offer everyone another number of uh well among the 30 seconds or two to join we all work back to back these days so we'll type of let them do that so it 'd be quite interesting and I can see it going on already just to hear where everybody is um it's nice to to type of like see where everybody comes from and I truly 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 uninspiring and I want I was somewhere else at this moment in time alright so let's get started our agenda for today is as follows um we are going to be taking a look at the difficulty years of managing Global payroll why business keep separate
Virtual payroll accounts are an option to conventional savings account for managing payroll payments. This is particularly beneficial for international companies with dispersed and remote workforces, as it streamlines the intricate process of cross-border payments. Instead of maintaining separate bank accounts for payroll in different nations, virtual accounts and digital wallets offer a more structured option. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are ending up being a tactical possession for payroll executives. We will likewise provide a wrap-up of the main points covered and leave time for a Q&A session at the end.
Ensuring precise, effective, and timely payroll payments is a complex challenge for companies operating worldwide. Join us for a webinar to explore the benefits and disadvantages of payroll wallets versus payroll checking account, learn how business anticipate payroll expenses to enhance working capital, and find how streamlining global payroll payments can change them from a troublesome job into a tactical property.
Managing payroll globally is a difficult job due to various policies, compliance requirements, data security issues, and banking guidelines. The sheer number of workers and services adds to the intricacy, with an approximated 3.5 billion individuals in the international labor force, 500 million of whom remain in Africa, and 230 million services worldwide.
Standard payroll systems often lead to manual processes, data silos, and a lack of integration, leading to disparities and inefficiencies. Regardless of residing in a period of technological improvements, payroll management has actually been slow to adapt, with as much as 25% of payroll still processed by hand, often using pen and paper. This webinar aims to provide insights and options to streamline and enhance global payroll payments.
about it to provide you a concept of how far there still is to come according to Deloitte just 11 of companies state 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 a photo they see an absence of presence also extends to payroll payments and inability to properly track these payments can lead to compliance incidents in the last mile of the transaction nearly half of global services have actually expressed that they do not have the level of standardization they require in their procedures or want and as a result eighty percent of errors are due to time reporting poor HCM information information entry errors inadequately 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 incorrect location the typical expense of an international data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash all over the world payroll and payments don't run efficiently if they count on the essential multiple 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 obstacles company face when they're paying to workers or otherwise that's a good question I always toss this back and say what is it what doesn't need to be consisted of best and what does
it require to be thought of there's varying Bank details so the length of an eye band a swift an account number routing code per nation there's payment amount of time 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 customer's own in-country account so there's complexity any place you look right eventually developing a knowledge base is definitely important however 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 acknowledgment that payroll payments are definitely fundamental and innovation is permitting us to kind of move forward with that it likewise as well to contribute to that payroll and financing need to work closer together um with differing Bank Account Details differing banking requirements and setup procedures is definitely important that payroll and financing teams work closer together than ever um I'm always surprised when individuals state I've split payroll and payment um if you stroll down the street and asked anybody what is payroll who doesn't work in the payroll occupation would they split the payroll payment from computation 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 eventually it's payroll is an end-to-end process it's the point of data collection all the way through to paying individuals wherever they are however likewise paying statutory authorities and on statutory third parties so with the
The modern-day world puts a high worth on wellness and the compensation landscape is becoming increasingly intricate. Organizations are continually introducing brand-new benefits and payment options, which adds to the general intricacy. Large corporations often divide their payroll and payment processing into separate groups, which can lead to inadequacies and traffic jams. In my opinion, this does not need to hold true. In today's highly sophisticated era, there's no reason for keeping cumbersome procedures. Payroll, the business's biggest expenditure, should be processed properly and on time. Even slight hold-ups can negatively affect workers' well-being and have far-reaching consequences. For that reason, it's critical to prioritize precise and prompt payments.
The payroll team may not have actually been thanked for properly processing payroll throughout a webinar. If anybody has actually been thanked, it would be fantastic to hear their success story, whether it's from all workers or not. Payroll is an important cycle, and individuals only discover when things go wrong. Nevertheless, when things go right, it's seen as just a regular task. This is how it's perceived externally as well. For that reason, it is necessary to ensure that jobs like Wi-Fi Worldwide and other important matters are done properly. Using the very first Global Payments very first payroll payment option is a great initial step towards supplying an extensive payroll solution for workers worldwide. Standardization, international processes, and decreasing the variety of tools, platforms, and savings account required for global payroll are crucial factors in attaining organization success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do periodically receive a couple of complaints when things do not go as prepared. Eventually, we don't do it for the appreciation.
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 everyone that's involved in those procedures and likewise so envision sorry I'm simply I was just gon na state envision the amount of thanks you got if you could cover the quantity of people that we cover within this webinar I'm sure we're talking about hundreds of thousands possibly Millions envision getting that lots of thank you keeps in mind um I imply it 'd be interesting to see the number of Post-it notes you got but it would definitely be an intriguing task trying 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 look through them and in fact see what was going on and kind of shot to return to everyone so proceeding appearance why do companies select to primary separate savings account there are businesses out there doing precisely this for particular countries and I have actually worked in an organization or lots of companies doing precisely that I can state it doesn't constantly feel efficient and it does produce more work I know we're not deliberately doing that we're not developing extra work for anybody where we don't need to and any person that's handling that process I 'd be interested to hear your ideas Johnny why do you believe that we're doing that in in the in the amount that we are I believe many factors one is it's the standard I believe people have actually got so used to we need a brand-new checking account we open an entity and rightly so you need it for payroll purposes however there are a variety of markets where it's not a requirement so I believe it's simply been the requirement and the norm individuals have adopted and continue to do over years and years passed by to contribute to that individuals have actually looked at things like trust accounts and many other ways um to to type of do it so I believe there's a variety I think this is a procedure that requires looking at it needs changing but eventually people are extremely stuck with what they recognize
with ideal um modification is a difficult thing all of us do not like change um so I believe it's simply sort of moving far from the norm as we have actually said so yeah so it keeps a great deal of track of things um I comprehend certainly the advantages of having keeping numerous savings account however there's a big quantity of complexity chooses establishing a savings account preserving it guaranteeing it can send out International transfers guaranteeing it's established with the ideal user accesses for specific individuals so the complexity is huge but I think the sincere response is modification um individuals have not had the ability to change or haven't had always the understanding to truly make that change into alternate Solutions other than opening a checking account I believe you've struck the nail on the head I believe it is knowledge you know and there is a component of resistance to alter but we've always done it that way is no genuine excuse for not taking a look at the the benefits and the possibilities of carrying on and moving into you understand what could practically be determined to be the next Century or two there is a lot to keep track of and this technique does position several challenges um so Johnny could you tell us about those difficulties yeah obviously so there's a range right there is so
I recently made a modification to our Enterprise system by transitioning to OS. As a result, we can now handle our payroll and payment jobs on one platform. It feels like our CFO has actually gained another CFO, and with this enhanced capability, I have effectively secured payments for our 10,000 workers worldwide. Your dedication to mastering worldwide payroll and payments using Papaya payroll OS is commendable. You deserve a corner workplace with a parking space that is better, considering your achievements.
Sure Payroll Vs Papaya Global