Find out more about Papaya Global Payroll Alternatives & Competitors G2G2.Com Papaya Global Payroll ... We now have the capability to manage both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has actually obtained a separate Chief Financial Officer specifically devoted to handling payments. This offers us with a safe and secure and trusted approach of making payments to our 10,000 workers worldwide.}
The cutting-edge international payroll management app streamlines my payroll procedure, conserving me a considerable amount of time every month. With its easy to use user interface, I have access to a single control panel that efficiently handles my payroll, EOR, and professionals.
Staff member Portal
Workers have access to a Staff member Website where they can see their pay slips, wage and tax statements and work files. The website is offered in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global assists companies use competitive benefits plans to international staff members despite the number of staff members in the business. The company can set up medical insurance, short-term and long-term special needs, vision, oral and maternity leave while eliminating the requirement to source local advantages suppliers in every country, develop local accounts and have a minimum variety of workers.
The HR abilities supplied by Worldwide HR include various functions such as keeping an eye on trip time, making sure compliance, facilitating the process of welcoming brand-new employees and bidding farewell to departing ones, providing a safe and secure online platform for storing employees' documents, and offering support for work allow procedures in case your staff members require support in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce spending, labor force variety, overall employment expenses distributed per place, total employment expenses per cycle and far more.
environments around the world I provided management and method to populations of over a hundred thousand staff members in more than 170 nations today I'm the payroll methods for as Mark stated I work throughout the business handling and structure external relationships supporting Enterprise customers and services along with acting as a consultant for those of you that don't understand who papaya Worldwide is papaya is the very first payroll and payments
As a worldwide business, we are honored to be included on the prominent Time 100 list of the most influential business worldwide. We focus on supplying payroll and labor force management services to workers in more than 160 countries. 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 satisfaction to satisfy 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 years of experience in the payments industry, I have focused on payroll and payment options for the past seven years. The intricacies and challenges of this field have actually constantly captivated me.
payroll payments and chose to kind of make a real go at that over the last 5 or six years where I have actually kind of had a variety of different functions on the company side and also on the vendor side from a payroll perspective so truly eagerly anticipating this conversation today um and yeah thank you quite for your time everyone all right thanks Johnny uh we'll just offer everyone another couple of uh well one of the 30 seconds or so to join all of us work back to back these days so we'll type of let them do that so it 'd be rather fascinating and I can see it going on already simply to hear where everyone is um it's nice to to sort of like see where everyone originates from and I actually 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 very gloomy and I wish I was elsewhere at this moment in time okay so let's get going our agenda for today is as follows um we are going to be taking a look at the difficulty years of handling Global payroll why companies keep different
Virtual payroll accounts are an alternative to conventional checking account for managing payroll payments. This is especially helpful for international organizations with dispersed and remote labor forces, as it streamlines the complex process of cross-border payments. Instead of preserving different savings account for payroll in different nations, virtual accounts and digital wallets offer a more structured solution. In this webinar, we will explore the benefits of using virtual payroll accounts and go over why they are ending up being a tactical property for payroll executives. We will also offer a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
Ensuring precise, effective, and timely payroll payments is a complex challenge for organizations running internationally. Join us for a webinar to explore the advantages and downsides of payroll wallets versus payroll savings account, learn how companies anticipate payroll expenses to optimize working capital, and find how streamlining global payroll payments can change them from a burdensome task into a strategic asset.
Handling payroll worldwide is a challenging job due to different policies, compliance requirements, data security concerns, and banking guidelines. The sheer variety of staff members and organizations adds to the intricacy, with an estimated 3.5 billion individuals in the global workforce, 500 countless whom remain in Africa, and 230 million companies worldwide.
Standard payroll systems often lead to manual processes, information silos, and a lack of integration, leading to disparities and inadequacies. Regardless of residing in an era of technological developments, payroll management has actually been sluggish to adjust, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar objectives to provide insights and solutions to simplify and enhance worldwide payroll payments.
about it to provide you a concept of how far there still is to come according to Deloitte only 11 of organizations say they have Labor force data in real time that's another number that gives me sleepless nights and quite honestly the more a business invests in worldwide payroll the less of a photo they see an absence of exposure also extends to payroll payments and failure to properly track these payments can cause compliance mishaps in the last mile of the deal almost half of global services 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 poor HCM information data entry errors inadequately interacted hires and terminations along with lack management and system configurations and after that when you round it all off and the information is shipped to the incorrect location the average cost of a worldwide data breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the money worldwide payroll and payments don't run efficiently if they rely on the essential numerous 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 difficulties organization face when they're making payments to workers or otherwise that's an excellent question I constantly toss this back and state what is it what does not require to be consisted of right and what does
it require to be thought of there's varying Bank information so the length of an eye band a swift an account number routing code per nation there's payment timespan there's payment abilities 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 ideal ultimately developing a knowledge base is definitely crucial but everywhere you look with payroll payment they are like extremely payments no if but some children about it you are all superheroes processing payments for payroll if you take a look at the kind 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 fundamental and technology is enabling us to type of move forward with that it also as well to add to that payroll and finance need to work closer together um with varying Bank Account Particulars varying banking requirements and setup processes is definitely crucial that payroll and financing groups work more detailed together than ever um I'm constantly surprised when people state I've split payroll and payment um if you walk down the street and asked anyone what is payroll who doesn't operate in the payroll profession 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 frequently 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 anywhere they are but also paying statutory authorities and on statutory third parties so with the
world we reside in and wellness being increasingly more crucial to add to sort of the level of intricacy there's a growing number of advantages being organ or being provided by services across the world so once again you're simply wanting to include more and more payments to this already intricate landscape so if you type of got any experience well I'm from your huge experience here and I'm sure however have you got any experience in kind of genuine difficulties or real tough sort of pay uses to play to pay individuals I think yeah I suggest over the last well yeah a number of years I would definitely state that the bigger a business gets the more it tends to segregate the payroll and the payments works um there are teams doing one part of the task there are teams feeding information into the next function as it were that's really managing the payment side of things but you know in in my opinion and my experience that doesn't always require to be the case you know long gone are the times where we require to develop extra handoffs while doing sos that we operate in they just make them more timely they make them less efficient and they do not make them what they need to be in in a period of tech and a period that you know that we are operating in today there is no reason we are still making this as tough as it requires to be concurred and appropriately as you said payroll is the single most significant liability that any business has from an expense perspective from an effect point of view on workers it is definitely critical that it's done properly and on time so what we indicate by that is not a day before not a day after on pay day and payments have to be done right it has the biggest destructive result on people's wellness and lots of other elements if people aren't paid uh I have actually always been astonished coming into this Market type of the last 5 to 10 years is how little thanks the
payroll team get um so I'm not exactly sure anybody on this kind of webinar has been told thank you for processing my payroll properly if you have it 'd be great to hear your success story and whether that's been from all workers or not um however eventually payroll is such an important cycle we all find out about it when it goes wrong everyone jumps up and down when it goes wrong however when it goes right it's just a tick box workout and I think that's how it's seen from the external consider as well um so yeah it's likewise like why WI-Fi Global why all of this things is absolutely essential that all of this things is done correctly so leveraging the very first Worldwide Payments very first payroll payment service is an excellent primary step um supplying an end-to-end payroll solution for your workers globally once again I believe is another substantial um procedure again aligning and guaranteeing you have standardization Worldwide procedures all of those things are definitely crucial to success success of services and decreasing the number of tools platforms and bank accounts they need for their International payroll too could not 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 ten or whatever it might be with the with the the problems where things haven't gone rather where they're implied to be um I do not think any of us are really doing that for for the thanks
anyway we understand 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 also so envision sorry I'm simply I was just gon na state envision the amount of thanks you got if you might cover the amount of individuals that we cover within this webinar I'm sure we're speaking about hundreds of thousands potentially Millions envision getting that many thank you notes um I suggest 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 think of the size of my my Outlook inbox if that was the case um you 'd require days of the week to attempt to check out them and actually see what was going on and type of shot to return to everyone so proceeding look why do business choose to primary different checking account there are organizations out there doing precisely this for particular countries and I have actually operated in a company or many businesses doing precisely that I can say it doesn't always feel effective and it does develop more work I understand we're not purposely doing that we're not creating extra work for any person where we don't need to and anyone that's handling that procedure I 'd be interested to hear your ideas Johnny why do you believe that we're doing that in in the in the quantity that we are I believe many factors one is it's the standard I believe individuals have got so utilized to we need a new checking account we open an entity and rightly so you need it for payroll functions however there are a variety of markets where it's not a requirement so I think it's just been the standard and the standard the people have embraced and continue to do over years and years passed by to contribute to that people have actually looked at things like trust accounts and numerous other ways um to to type of do it so I believe there's a range I believe this is a process that needs looking at it needs altering however ultimately people are very stuck with what they recognize
with best um change is a difficult thing all of us do not like modification um so I believe it's just kind of moving away from the standard as we've said so yeah so it keeps a lot of track of stuff um I comprehend certainly the advantages of having keeping numerous savings account but there's a substantial quantity of intricacy chooses setting up a checking account keeping it guaranteeing it can send out International transfers ensuring it's established with the best user accesses for individual individuals so the intricacy is huge however I believe the truthful answer is change um individuals have not had the ability to change or have not had necessarily the understanding to really make that change into alternate Solutions other than opening a checking account I believe you've hit the nail on the head I think it is knowledge you understand and there is an aspect of resistance to change but we've constantly done it that way is no real reason for not taking a look at the the benefits and the possibilities of proceeding and moving into you know what could almost be figured out to be the next Century approximately there is a lot to monitor and this approach does pose several challenges um so Johnny might you inform us about those difficulties yeah naturally so there's a range right there is so
I just did you switched 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 International workers you are worthy of a corner workplace with a closer parking space since I mastered International payroll and payments with Papaya payroll OS did you
Sure Payroll Vs Papaya Global