Find out more about Papaya Global How To Check Past Payroll ... 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 obtained a different Chief Financial Officer particularly committed to handling payments. This provides us with a protected and trustworthy method of making payments to our 10,000 workers worldwide.}
the very best global payroll managment app, conserves me hours of time on a monthly basis, one single dashboard for my payroll, EOR and contractors
Employee Portal
Staff members have access to an Employee Portal where they can view their pay slips, wage and tax statements and work files. The portal is offered in multiple languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global helps companies offer competitive advantages plans to global staff members no matter the variety of workers in the company. The company can establish medical insurance, short-term and long-lasting impairment, vision, dental and maternity leave while getting rid of the requirement to source regional advantages service providers in every nation, produce local accounts and have a minimum number of workers.
The HR abilities supplied by Worldwide HR include different functions such as keeping an eye on vacation time, ensuring compliance, helping with the process of inviting brand-new employees and bidding goodbye to leaving ones, providing a safe and secure online platform for storing workers' documents, and offering assistance for work permit procedures in case your employees need assistance because area.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce spending, labor force diversity, total work costs dispersed per location, overall employment costs per cycle and a lot more.
environments around the world I offered leadership and method to populations of over a hundred thousand employees in more than 170 nations today I'm the payroll strategies for as Mark said I work across business handling and building external relationships supporting Enterprise clients and solutions in addition to serving as an advisor for those of you that do not understand who papaya International is papaya is the very first payroll and payments
As an international business, we are honored to be included on the distinguished Time 100 list of the most prominent companies worldwide. We focus on providing 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, regardless of your location. It's a satisfaction to satisfy you and thank you for your important time. As Ian mentioned, I am Johnny Nash, the director of payments at our organization. With over a decade of experience in the payments industry, I have focused on payroll and payment options for the past seven years. The complexities and difficulties of this field have always captivated me.
payroll payments and decided to kind of make a real go at that over the last 5 or 6 years where I have actually kind of had a range of different functions on the supplier side and likewise on the vendor side from a payroll perspective so really anticipating this discussion today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll just give everybody another number of uh well among the 30 seconds or so to join all of us work back to back nowadays so we'll kind of let them do that so it 'd be rather interesting and I can see it going on currently simply to hear where everybody is um it's nice to to type of like see where everyone comes from and I actually do hope it's much sunnier than it is 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 extremely extremely dreary and I want I was somewhere else at this moment in time fine so let's get started our agenda for today is as follows um we are going to be looking at the challenge years of managing Global payroll why business keep different
Virtual payroll accounts are an option to standard savings account for managing payroll payments. This is particularly helpful for international organizations with dispersed and remote workforces, as it simplifies the complex process of cross-border payments. Instead of keeping different savings account for payroll in various countries, virtual accounts and digital wallets offer a more structured service. In this webinar, we will check out the benefits of using virtual payroll accounts and talk about why they are becoming a tactical property for payroll executives. We will likewise offer a recap of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments precisely efficiently securely and on time throughout this webinar we'll walk you through the global benefits and drawbacks of a payroll wallet versus a payroll bank account how companies properly forecast their payroll costs to increase working capital and how streamlining Worldwide payroll payments can turn them from a siled pane into a strategic property so payroll can be difficult in sufficient in one country however when you're doing it internationally it's next level and Beyond it becomes intricate for a variety of factors most importantly guidelines compliance data security and banking rules then there are the sheer numbers they include more complexity the global Workforce is presently 3 and a half billion individuals by 2030 it's approximated that in Africa alone they will contribute and more 1.1 billion people that number is currently 500 million just for for a scale then consider that there are some 230 million organizations and growing all doing their own thing all over the world in the traditional payroll model there's often an overwhelming variety of various systems causing time-consuming manual procedures and silos the number of Combinations could be non-existent in big quantities and or very very standard there's no real consistency structure we're residing in an era of tech but payroll has been sluggish to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper which just blows my mind each time I I believe
about it to provide you a concept of how far there still is to come according to Deloitte just 11 of businesses say they have Workforce information in real time that's another number that offers me sleepless nights and rather frankly the more an organization spends on global payroll the less of an image they see a lack of exposure also extends to payroll payments and inability to accurately track these payments can cause compliance mishaps in the last mile of the transaction almost half of global services have actually 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 because of time reporting poor HCM data information entry errors poorly interacted hires and terminations along with lack 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 information breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash around the globe payroll and payments don't run efficiently if they rely on the needed numerous processes 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 difficulties business face when they're paying to staff members or otherwise that's a great question I constantly toss this back and say what is it what does not need to be included ideal and what does
it require to be thought about there's varying 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 need to pay from an in-country account do you have to pay from the customer's own in-country account so there's intricacy anywhere you look right ultimately building a knowledge base is absolutely important but everywhere you look with payroll payment they resemble very 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 recognition that payroll payments are definitely essential and innovation is permitting us to kind of move on with that it also too to add to that payroll and finance need to work closer together um with differing Checking account Particulars varying banking requirements and setup processes is definitely necessary that payroll and financing teams work closer together than ever um I'm always impressed when people say I have actually split payroll and payment um if you stroll down the street and asked anyone what is payroll who doesn't work in the payroll occupation would they split the payroll payment from estimation 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 ultimately it's payroll is an end-to-end process it's the point of information collection all the way through to paying individuals any place they are however also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and wellness being a growing number of crucial to add to type of the level of complexity there's more and more benefits being organ or being offered by organizations throughout the world so once again you're simply seeking to add more and more 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 real obstacles or genuine tough kind of pay utilizes to play to pay individuals I think yeah I mean over the last well yeah a couple of decades I would definitely say that the larger a business gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the task there are teams feeding details into the next function as it were that's in fact handling the payment side of things but you understand in in my opinion and my experience that doesn't necessarily require to be the case you understand long gone are the times where we need to create extra handoffs in the processes that we operate 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 an age of tech and an era that you understand that we are working in today there is no reason why we are still making this as tough as it needs to be agreed and appropriately as you said payroll is the single most significant liability that any organization has from an expense perspective from an effect perspective on employees it is absolutely critical 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 have to be done right it has the most significant harmful effect on individuals's wellness and many other elements if people aren't paid uh I've constantly been surprised entering this Market type of the last 5 to 10 years is how little thanks the
payroll team get um so I'm unsure anyone on this kind of webinar has actually 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 staff members or not um but eventually payroll is such a crucial cycle we all hear about it when it fails everyone jumps up and down when it fails but when it goes right it's just a tick box workout and I think that's how it's seen from the external view as well um so yeah it's also like why WI-Fi Global why all of this things is absolutely essential that all of this things is done properly so leveraging the very first Global Payments first payroll payment solution is a terrific first step um supplying an end-to-end payroll solution for your workers internationally once again I believe is another big um procedure once again lining up and guaranteeing you have standardization Worldwide procedures all of those things are definitely key to success success of organizations and decreasing the variety of tools platforms and bank accounts they require for their Global payroll too couldn't agree with you more and on the the front in terms of of the thank yous for getting payroll done I've never ever had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd five or 10 or whatever it might be with the with the the grievances where things haven't gone rather where they're meant to be um I do not believe any of us are actually doing that for for the thanks
anyhow we know 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 everybody that's involved in those processes and also so picture sorry I'm just I was simply gon na say picture the quantity of thanks you got if you could cover the quantity of people that we cover within this webinar I make certain we're speaking about numerous thousands potentially Millions picture getting that many thank you notes um I suggest it 'd be interesting to see how many Post-it notes you got however it would certainly be an intriguing job attempting to clean up all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that held true um you 'd require days of the week to try to check out them and in fact see what was going on and kind of try to return to everyone so carrying on look why do companies choose to primary separate savings account there are businesses out there doing precisely this for specific nations and I have actually operated in an organization or lots of companies doing precisely that I can say it doesn't always feel effective and it does produce more work I understand we're not purposely doing that we're not producing extra work for any person where we do not need to and anyone that's handling 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 amount that we are I think lots of factors one is it's the requirement I think individuals have actually got so used to we require a brand-new savings account we open an entity and rightly so you need it for payroll purposes however there are a number of markets where it's not a requirement so I think it's simply been the standard and the norm individuals have actually embraced and continue to do over years and years passed by to add to that individuals have taken a look at things like trust accounts and many other ways um to to type of do it so I believe there's a range I believe this is a process that needs taking a look at it needs changing but ultimately people are very stuck to what they recognize
with best um modification is a challenging thing we all do not like modification um so I think it's simply kind of moving far from the norm as we've said so yeah so it keeps a great deal of track of stuff um I understand certainly the advantages of having preserving numerous checking account but there's a big quantity of intricacy opts for setting up a bank account maintaining it guaranteeing it can send International transfers ensuring it's established with the right user accesses for individual people so the complexity is big however I think the sincere response is change um individuals haven't been able to change or haven't had necessarily the understanding to truly make that change into alternate Solutions besides opening a savings account I think you've hit the nail on the head I think it is understanding you understand and there is a component of resistance to change but we have actually constantly done it that way is no genuine reason for not taking a look at the the benefits and the possibilities of carrying on and moving into you know what might nearly be determined to be the next Century or two there is a lot to track and this technique does posture numerous challenges um so Johnny might you tell us about those challenges yeah naturally so there's a variety right there is so
I simply did you changed our Business to OS so now we can do our payroll and payments operation on a single platform yes it's like our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 Global employees you are worthy of a corner office with a more detailed parking space due to the fact that I mastered International payroll and payments with Papaya payroll OS did you
Sure Payroll Vs Papaya Global