Find out more about Papaya Global Payroll 1099 ... 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 gotten a separate Chief Financial Officer specifically devoted to managing payments. This provides us with a secure and trusted method of making payments to our 10,000 employees worldwide.}
the BEST international payroll managment app, conserves me hours of time each month, one single control panel for my payroll, EOR and professionals
Employee Website
Staff members have access to a Worker Portal where they can view their pay slips, wage and tax declarations and employment documents. The portal is available in numerous languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global assists companies use competitive benefits packages to international workers despite the number of workers in the company. The business can establish medical insurance, short-term and long-term special needs, vision, dental and maternity leave while getting rid of the requirement to source regional advantages service providers in every nation, create regional accounts and have a minimum variety of employees.
International HR Performances
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' files and immigration services if your staff members require work permit assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force costs, labor force variety, overall work expenses distributed per place, total employment costs per cycle and a lot more.
Worldwide, I have shown management and tactical expertise in guiding large-scale populations of over 100,000 workers throughout 170 countries. Presently, I are accountable for overseeing payroll techniques, as discussed by Mark. My function includes managing and developing external collaborations, supporting Business customers, and offering advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions service provider.
As a worldwide business, we are honored to be included on the prestigious Time 100 list of the most influential companies worldwide. We focus on providing payroll and workforce management services to employees in more than 160 nations. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny present himself. Good day to all, despite your place. It's a pleasure to meet you and thank you for your valuable time. As Ian pointed out, I am Johnny Nash, the director of payments at our company. With over a decade of experience in the payments industry, I have focused on payroll and payment services for the past 7 years. The complexities and obstacles of this field have constantly mesmerized me.
payroll payments and decided to sort of make a real go at that over the last 5 or six years where I have actually kind of had a range of different roles on the supplier side and likewise on the supplier side from a payroll point of view so really looking forward to this conversation today um and yeah thank you quite for your time everybody all right thanks Johnny uh we'll just provide everybody another couple of uh well among the 30 seconds or two to join we all work back to back nowadays so we'll sort of let them do that so it 'd be quite intriguing and I can see it going on currently just to hear where everyone is um it's nice to to type of like see where everybody comes from and I actually do hope it's much sunnier than it remains 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 bleak 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 challenge years of managing Global payroll why companies preserve different
Virtual payroll accounts are an option to conventional bank accounts for handling payroll payments. This is particularly helpful for global companies with dispersed and remote labor forces, as it streamlines the intricate procedure of cross-border payments. Instead of preserving different savings account for payroll in various countries, virtual accounts and digital wallets provide a more structured option. In this webinar, we will check out the advantages of using virtual payroll accounts and discuss why they are becoming a tactical possession for payroll executives. We will likewise offer a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments properly effectively firmly and on time throughout this webinar we'll stroll you through the international benefits and drawbacks of a payroll wallet versus a payroll checking account how business properly anticipate their payroll costs to increase working capital and how enhancing International payroll payments can turn them from a siled pane into a strategic possession so payroll can be difficult in sufficient in one country but when you're doing it internationally it's next level and Beyond it ends up being complicated for a range of factors most significantly guidelines compliance information security and banking guidelines then there are the large numbers they add additional complexity the worldwide Labor force is currently three and a half billion individuals by 2030 it's approximated that in Africa alone they will contribute and additional 1.1 billion individuals that number is presently 500 million just for for a scale then consider that there are some 230 million organizations and growing all doing their own thing around the world in the traditional payroll model there's frequently an overwhelming number of different systems causing lengthy manual procedures and silos the number of Combinations could be non-existent in big quantities and or really extremely basic there's no genuine consistency framework we're living in a period of tech however payroll has actually been sluggish to get on board in fact as much as 25 of payroll is still done by hand often with pen and paper which just blows my mind each time I I believe
about it to offer you an idea of how far there still is to come according to Deloitte just 11 of businesses say they have Labor force information in real time that's another number that provides me sleepless nights and quite frankly the more a service spends on worldwide payroll the less of an image they see an absence of exposure likewise reaches payroll payments and failure to properly track these payments can lead to compliance mishaps in the last mile of the transaction almost half of international businesses have expressed that they do not have the level of standardization they need in their processes or want and as a result eighty percent of errors are due to time reporting bad HCM data data entry errors poorly interacted hires and terminations as well as lack management and system setups and after that when you round all of it off and the data is shipped to the incorrect place the average cost of a worldwide information 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 rely on the necessary several 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 business face when they're paying to workers or otherwise that's a great concern I always toss this back and state what is it what does not require to be consisted of best and what does
it require to be considered there's varying 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 abilities 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 consumer's own in-country account so there's complexity anywhere you look right ultimately constructing a knowledge base is absolutely crucial however all over you look with payroll payment they are like super payments no if however some infants about it you are all superheroes processing payments for payroll if you take a look at the type of link in between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are definitely fundamental and technology is enabling us to type of progress with that it likewise as well to contribute to that payroll and financing require to work closer together um with varying Savings account Particulars varying banking requirements and setup processes is definitely important that payroll and finance groups work closer together than ever um I'm constantly impressed when individuals say I have actually divided payroll and payment um if you walk down the street and asked anyone what is payroll who doesn't work in the payroll profession 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 ultimately it's payroll is an end-to-end process it's the point of information collection all the way through to paying people wherever they are however also paying statutory authorities and on statutory 3rd parties so with the
The modern-day world places a high value on well-being and the settlement landscape is becoming increasingly detailed. Services are continuously presenting new benefits and payment options, which contributes to the total intricacy. Big corporations typically divide their payroll and payment processing into different groups, which can cause inadequacies and traffic jams. In my viewpoint, this does not have to be the case. In today's technologically advanced era, there's no justification for keeping troublesome procedures. Payroll, the company's most significant expenditure, should be processed properly and on time. Even small hold-ups can adversely impact staff members' wellness and have significant consequences. Therefore, it's important to prioritize accurate and timely payments.
payroll team get um so I'm unsure anybody on this type of webinar has been informed thank you for processing my payroll correctly if you have it 'd be fantastic to hear your success story and whether that's been from all workers or not um but ultimately payroll is such an essential cycle we all hear about it when it fails everybody jumps up and down when it fails but when it goes right it's just a tick box workout and I believe that's how it's seen from the external view as well um so yeah it's likewise like why WI-Fi Global why all of this stuff is absolutely important that all of this things is done properly so leveraging the very first International Payments very first payroll payment service is an excellent first step um providing an end-to-end payroll service for your workers worldwide again I think is another big um procedure once again aligning and guaranteeing you have standardization Worldwide processes all of those things are definitely essential to success success of businesses and decreasing the number of tools platforms and savings account 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 had a hundred countless them within a payroll cycle do not anticipate to you do get the odd 5 or 10 or whatever it might be with the with the the grievances where things have not gone quite where they're indicated to be um I do not believe any of us are actually doing that for for the thanks
anyhow 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 everybody that's associated with those procedures and also so picture sorry I'm simply I was just gon na state envision the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I'm sure we're talking about numerous thousands potentially Millions envision getting that numerous 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 intriguing task attempting to clean 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 actually see what was going on and sort of shot to get back to everyone so proceeding appearance why do companies pick to primary separate checking account there are companies out there doing exactly this for specific nations and I have actually operated in an organization or lots of organizations doing exactly that I can say it does not constantly feel efficient and it does produce more work I know we're not intentionally doing that we're not developing extra work for anyone where we do not need to and any person that's managing 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 believe many factors one is it's the requirement I believe individuals have got so utilized to we need a brand-new bank account we open an entity and rightly so you require 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 requirement and the standard individuals have embraced and continue to do over years and years passed by to contribute to that people have 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 taking a look at it requires changing however eventually individuals are extremely stuck with what they recognize
with best um modification is a tough thing all of us do not like modification um so I believe it's just kind of moving away from the norm as we've said so yeah so it keeps a lot of track of things um I comprehend undoubtedly the advantages of having keeping multiple bank accounts however there's a huge quantity of intricacy goes with establishing a checking account preserving it guaranteeing it can send International transfers guaranteeing it's set up with the best user accesses for private individuals so the intricacy is huge however I believe the truthful answer is modification um individuals haven't been able to change or haven't had always the knowledge to truly make that change into alternate Solutions aside from opening a bank account I believe you've struck the nail on the head I think it is understanding you know and there is an aspect of resistance to alter but we have actually constantly done it that way is no genuine excuse for not taking a look at the the benefits and the possibilities of moving on and moving into you understand what could nearly be determined to be the next Century approximately there is a lot to keep an eye on and this approach does present several obstacles um so Johnny could you tell us about those challenges yeah of course so there's a range right there is so
I just recently made a modification to our Enterprise 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 gotten another CFO, and with this boosted ability, I have actually effectively protected payments for our 10,000 employees worldwide. Your devotion to mastering worldwide payroll and payments utilizing Papaya payroll OS is commendable. You deserve a corner office with a parking space that is better, considering your achievements.
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