Find out more about Papaya Global Payrol Phone Number ... We now have the capability to handle both our payroll and payments procedures on one merged platform. It's as if our Chief Financial Officer has obtained a separate Chief Financial Officer particularly dedicated to managing payments. This supplies us with a safe and dependable technique of paying to our 10,000 employees worldwide.}
the very best global payroll managment app, saves me hours of time on a monthly basis, one single control panel for my payroll, EOR and specialists
Staff member Portal
Staff members have access to a Worker Website where they can view their pay slips, wage and tax declarations and employment files. The website is offered in several languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global assists business offer competitive benefits packages to international staff members despite the number of workers in the company. The company can set up medical insurance, short-term and long-term impairment, vision, oral and maternity leave while getting rid of the need to source regional advantages suppliers in every nation, produce regional accounts and have a minimum number of staff members.
The HR abilities supplied by Worldwide HR encompass different functions such as keeping track of trip time, making sure compliance, facilitating the procedure of welcoming new employees and bidding farewell to leaving ones, offering a protected online platform for keeping workers' documents, and offering assistance for work allow procedures in case your staff members need support because location.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force costs, labor force diversity, total work expenses distributed per location, overall work costs per cycle and much more.
Worldwide, I have actually shown management and tactical knowledge in guiding large-scale populations of over 100,000 staff members across 170 nations. Currently, I are accountable for managing payroll techniques, as discussed by Mark. My function includes managing and developing external collaborations, supporting Enterprise clients, and supplying advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments services provider.
As an international company, we are honored to be included on the prominent Time 100 list of the most influential companies worldwide. We focus on supplying payroll and workforce management services to workers in more than 160 nations. I am delighted to present Johnny Nash, as mentioned by Mark. Now, I'll let Johnny present himself. Good day to all, despite your area. It's a pleasure to fulfill you and thank you for your valuable time. As Ian mentioned, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments market, I have actually focused on payroll and payment services for the past seven years. The intricacies and obstacles of this field have always mesmerized me.
payroll payments and decided to kind of make a real go at that over the last five or six years where I've kind of had a variety of various functions on the company side and likewise on the vendor side from a payroll point of view 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 one of the 30 seconds or two to join all of us work back to back nowadays so we'll type of let them do that so it 'd be quite intriguing and I can see it going on already simply to hear where everybody is um it's nice to to sort of like see where everyone comes from and I actually do hope it's much sunnier than it remains in the UK today certainly not the peak of the sunshine is it it's not no it's it's raining here it's extremely really bleak and I wish I was somewhere else at this moment in time all right so let's get going our agenda for today is as follows um we are going to be taking a look at the challenge years of managing Global payroll why companies maintain separate
checking account payroll virtual wallets versus payroll savings account payroll payroll uh sorry papaya payroll payments forecasting payroll costs using virtual payroll accounts enhancing papaya Worldwide payroll payments as a strategic property uh we'll also review a wrap-up which should leave his time at the very really end for a q a session so as the title of the webinar suggests payroll execs on transferring to Virtual payroll accounts and here is why as dispersed to remote and Global workforces become increasingly more typical and handling them ends up being more and more complicated International organizations are seeking to discover Solutions and brand-new methods to enhance procedures especially from a payroll and cross-border payment standpoint numerous companies keep separate checking account just for payroll while some have several accounts in various countries does it make sense for companies to preserve different bank accounts in some cases in various countries it does but just for payroll exists a better method what role do virtual accounts and digital wallets also called virtual wallets play in assisting international business streamline the episode complex procedures of
Guaranteeing accurate, effective, and prompt payroll payments is a complex challenge for services operating globally. Join us for a webinar to explore the benefits and disadvantages of payroll wallets versus payroll savings account, learn how business forecast payroll costs to enhance working capital, and discover how improving international payroll payments can transform them from a troublesome job into a tactical property.
Managing payroll internationally is an overwhelming task due to different guidelines, compliance requirements, information security issues, and banking guidelines. The large number of staff members and businesses contributes to the intricacy, with an approximated 3.5 billion individuals in the worldwide workforce, 500 countless whom remain in Africa, and 230 million services worldwide.
Traditional payroll systems frequently result in manual procedures, information silos, and a lack of integration, causing inconsistencies and inadequacies. In spite of residing in an age of technological improvements, payroll management has been slow to adapt, with as much as 25% of payroll still processed by hand, typically using pen and paper. This webinar goals to supply insights and options to streamline and optimize international payroll payments.
about it to give you an idea of how far there still is to come according to Deloitte only 11 of businesses state they have Labor force information in real time that's another number that offers me sleep deprived nights and rather frankly the more a service spends on worldwide payroll the less of a photo they see an absence of visibility likewise encompasses payroll payments and inability to precisely track these payments can result in compliance accidents in the last mile of the transaction nearly half of worldwide companies have actually expressed that they do not have the level of standardization they need in their procedures or desire and as a result eighty percent of mistakes are because of time reporting poor HCM data information entry mistakes badly interacted hires and terminations along with absence management and system setups and then when you round everything off and the information is delivered to the incorrect place the typical expense of an international data breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the cash all over the world payroll and payments do not run smoothly if they depend on the required multiple procedures systems and partners it is simply not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the challenges business face when they're making payments to workers or otherwise that's a good question I constantly toss this back and say what is it what doesn't require to be consisted of right 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 nation 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 need to pay from the customer's own in-country account so there's intricacy any place you look right ultimately building a knowledge base is absolutely crucial however everywhere you look with payroll payment they are like incredibly payments no if but 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 believe there's now a bit more recognition that payroll payments are absolutely fundamental and innovation is allowing us to type of move forward with that it likewise too to add to that payroll and finance need to work closer together um with varying Bank Account Particulars varying banking requirements and setup procedures is absolutely important that payroll and financing groups work closer together than ever um I'm constantly astonished when individuals say I've split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't operate in the payroll occupation would they split the payroll payment from calculation I would say no so why do we as a market accept that why our payroll and payments so often split and cut up um eventually 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 but likewise paying statutory authorities and on statutory third parties so with the
The modern world places a high value on well-being and the payment landscape is ending up being progressively elaborate. Businesses are continually introducing brand-new advantages and payment choices, which adds to the general complexity. Large corporations often divide their payroll and payment processing into separate teams, which can result in inefficiencies and bottlenecks. In my viewpoint, this does not have to hold true. In today's highly advanced era, there's no reason for preserving troublesome procedures. Payroll, the company's most significant expenditure, must be processed properly and on time. Even minor hold-ups can adversely impact workers' well-being and have significant repercussions. For that reason, it's critical to prioritize precise and prompt payments.
The payroll team may not have actually been thanked for correctly processing payroll throughout a webinar. If anybody has actually been thanked, it would be excellent to hear their success story, whether it's from all staff members or not. Payroll is an important cycle, and individuals only observe when things go wrong. Nevertheless, when things go right, it's viewed as simply a regular job. This is how it's perceived externally as well. For that reason, it is essential to guarantee that jobs like Wi-Fi Worldwide and other vital matters are done properly. Utilizing the first International Payments very first payroll payment option is a fantastic initial action towards offering a comprehensive payroll service for staff members worldwide. Standardization, global processes, and decreasing the number of tools, platforms, and checking account needed for international payroll are crucial consider accomplishing company success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do occasionally get a couple of grievances when things don't go as prepared. Ultimately, we do not do it for the gratitude.
anyhow we know how how crucial a role 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 everybody that's involved in those procedures and likewise so envision sorry I'm just I was simply gon na say picture the amount of thanks you got if you could cover the amount of people that we cover within this webinar I make sure we're speaking about numerous thousands potentially Millions picture getting that numerous thank you keeps in mind um I indicate it 'd be interesting to see the number of Post-it notes you got but it would definitely be a fascinating job trying to clean up all those up for sure oh definitely I can't think of the size of my my Outlook inbox if that held true um you 'd require days of the week to attempt to check out them and in fact see what was going on and sort of shot to return to everyone so carrying on look why do companies choose to primary different bank accounts there are businesses out there doing exactly this for specific countries and I've worked in a business or lots of organizations doing precisely that I can say it doesn't always feel efficient and it does produce more work I understand we're not purposely doing that we're not creating extra work for anybody where we do not need 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 quantity that we are I believe lots of factors one is it's the standard I think individuals have actually got so used to we require a brand-new checking account we open an entity and rightly so you need it for payroll functions but there are a number of markets where it's not a requirement so I believe it's just been the requirement and the norm individuals have actually embraced and continue to do over years and years passed by to contribute to that individuals have taken a look at things like trust accounts and lots of other ways um to to kind of do it so I believe there's a variety I think this is a procedure that needs looking at it requires altering however eventually people are very stuck with what they recognize
with right um change is a challenging thing all of us do not like change um so I think it's just sort of moving away from the norm as we've said so yeah so it keeps a great deal of track of stuff um I comprehend undoubtedly the advantages of having keeping multiple bank accounts but there's a huge amount of intricacy goes with establishing a bank account keeping it guaranteeing it can send out International transfers ensuring it's established with the right user accesses for specific individuals so the complexity is substantial however I believe the sincere answer is change um individuals have not been able to change or haven't had necessarily the knowledge 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 an aspect of resistance to alter however we've constantly done it that way is no genuine excuse for not taking a look at the the advantages and the possibilities of carrying on and moving into you understand what could almost be determined to be the next Century or so there is a lot to monitor and this approach does present several challenges um so Johnny might you tell us about those difficulties yeah of course so there's a variety 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 seems like our CFO has gained another CFO, and with this boosted capability, I have actually effectively protected payments for our 10,000 staff members worldwide. Your commitment to mastering global payroll and payments using Papaya payroll OS is good. You are worthy of a corner workplace with a parking space that is closer, considering your accomplishments.
Sure Payroll Vs Papaya Global