Find out more about Papaya Global Payroll Certification Bronze ... We now have the ability to handle both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has actually gotten a different Chief Financial Officer specifically dedicated to handling payments. This supplies us with a safe and secure and trustworthy approach of paying to our 10,000 workers worldwide.}
The innovative global payroll management app improves my payroll process, conserving me a significant amount of time every month. With its easy to use user interface, I have access to a single dashboard that effectively handles my payroll, EOR, and contractors.
The Worker Website offers employees with the capability to gain access to and view important documents such as pay slips, wage and tax declarations, and work records. This portal is accessible on both desktop and mobile phones and is provided in different languages.
Benefits Administration
Papaya Global assists companies provide competitive benefits plans to worldwide staff members no matter the number of staff members in the company. The company can set up medical insurance, short-term and long-lasting disability, vision, dental and maternity leave while eliminating the need to source local benefits companies in every nation, develop regional accounts and have a minimum number of employees.
Global HR Performances
's HR functionalities include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and migration services if your workers require work permit help.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce costs, workforce variety, overall work costs distributed per location, overall work expenses per cycle and a lot more.
Internationally, I have actually demonstrated management and strategic know-how in directing large-scale populations of over 100,000 staff members throughout 170 nations. Currently, I am responsible for overseeing payroll techniques, as pointed out by Mark. My role includes managing and establishing external collaborations, supporting Business customers, and supplying advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services service provider.
As a global company, we are honored to be consisted of on the distinguished Time 100 list of the most prominent business worldwide. We concentrate on providing payroll and workforce management services to workers in more than 160 countries. I am delighted to present Johnny Nash, as pointed out by Mark. Now, I'll let Johnny introduce himself. Good day to all, despite your place. It's an enjoyment to fulfill 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 actually concentrated on payroll and payment options for the past 7 years. The intricacies and difficulties of this field have always captivated me.
payroll payments and decided to sort of make a real go at that over the last five or 6 years where I've sort of had a range of different functions on the company side and likewise on the vendor side from a payroll point of view so truly looking forward to this discussion today um and yeah thank you very much for your time everybody fine thanks Johnny uh we'll simply give everybody another number 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 quite fascinating and I can see it going on already just to hear where everyone is um it's nice to to sort of like see where everybody comes from and I actually do hope it's much sunnier than it is in the UK today certainly 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 elsewhere at this moment in time okay so let's start our program for today is as follows um we are going to be looking at the obstacle years of handling Worldwide payroll why business keep separate
Virtual payroll accounts are an option to conventional checking account for managing payroll payments. This is particularly beneficial for global organizations with dispersed and remote labor forces, as it simplifies the intricate procedure of cross-border payments. Instead of maintaining separate bank accounts for payroll in various nations, virtual accounts and digital wallets use a more structured service. In this webinar, we will check out the benefits 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 sure accurate, efficient, and timely payroll payments is a complex challenge for businesses running globally. Join us for a webinar to explore the advantages and drawbacks of payroll wallets versus payroll checking account, discover how companies forecast payroll expenses to enhance working capital, and find how improving global payroll payments can change them from a difficult job into a tactical property.
Handling payroll internationally is a complicated task due to various policies, compliance requirements, data security issues, and banking guidelines. The large variety of employees and organizations adds to the intricacy, with an estimated 3.5 billion individuals in the worldwide labor force, 500 million of whom remain in Africa, and 230 million services worldwide.
Conventional payroll systems typically lead to manual processes, data silos, and a lack of combination, causing disparities and inefficiencies. Regardless of living in an age of technological developments, payroll management has actually been slow to adapt, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar goals to supply 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 just 11 of organizations say they have Workforce information in real time that's another number that provides me sleep deprived nights and rather frankly the more a business invests in international payroll the less of a photo they see an absence of exposure also encompasses payroll payments and failure to precisely track these payments can lead to compliance incidents in the last mile of the transaction almost half of international services have actually expressed that they do not have the level of standardization they require in their processes or want and as a result eighty percent of errors are because of time reporting bad HCM information data entry errors poorly interacted hires and terminations along with lack management and system configurations and after that when you round everything off and the information is delivered to the wrong location the typical expense of a worldwide data breach at this moment is 3.9 billion dollars when 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 necessary several processes systems and partners it is just not possible so Johnny from a payments point of view and in your experience what else requires 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 state what is it what does not require to be included ideal 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 country there's payment time frames 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 client's own in-country account so there's intricacy any place you look ideal eventually building a knowledge base is definitely important however everywhere you look with payroll payment they are like extremely 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 think there's now a bit more acknowledgment that payroll payments are absolutely essential and technology is permitting us to kind of progress with that it likewise also to contribute to that payroll and finance need to work closer together um with varying Checking account Particulars varying banking requirements and setup procedures is definitely vital that payroll and finance groups work better together than ever um I'm constantly astonished when people say I have actually divided payroll and payment um if you walk down the street and asked anyone what is payroll who does not 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 any place they are but also paying statutory authorities and on statutory third parties so with the
world we live in and well-being being more and more crucial to add to type of the level of intricacy there's more and more benefits being organ or being used by services throughout the world so again you're just looking to include more and more payments to this already complex landscape so if you kind of got any experience well I'm from your huge experience here and I'm sure but have you got any experience in kind of real obstacles or genuine tough kind of pay utilizes to play to pay people I believe yeah I suggest over the last well yeah a couple of years I would absolutely state that the bigger a service gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the job there are teams feeding information into the next function as it were that's in fact handling the payment side of things but you know in in my viewpoint and my experience that does not necessarily need to be the case you understand long gone are the times where we require to produce extra handoffs at the same times that we run in they just make them more prompt they make them less effective and they don't make them what they require to be in in an era of tech and an age that you understand that we are operating in today there is no reason we are still making this as difficult as it requires to be concurred and appropriately as you said payroll is the single biggest liability that any service has from an expense perspective from an effect point of view on workers it is definitely vital that it's done properly and on time so what we mean by that is not a day before not a day after on pay day and payments need to be done right it has the most significant damaging impact on people's well-being and lots of other elements if individuals aren't paid uh I have actually always been impressed coming into this Market sort of the last 5 to ten years is how little thanks the
The payroll team may not have actually been thanked for properly processing payroll during a webinar. If anybody has actually been thanked, it would be great to hear their success story, whether it's from all employees or not. Payroll is an essential cycle, and people just discover when things fail. Nevertheless, when things go right, it's viewed as just a regular task. This is how it's perceived externally also. Therefore, it is essential to ensure that jobs like Wi-Fi Global and other vital matters are done properly. Using the very first Worldwide Payments first payroll payment service is a terrific initial step towards offering an extensive payroll option for employees worldwide. Standardization, international procedures, and decreasing the variety of tools, platforms, and bank accounts needed for global payroll are essential consider accomplishing service success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do occasionally get a few grievances when things do not go as prepared. Eventually, we do not do it for the thankfulness.
anyway 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 involved in those procedures and also so imagine sorry I'm simply I was simply gon na state picture the quantity of thanks you got if you could cover the amount of people that we cover within this webinar I make sure we're discussing numerous thousands potentially Millions imagine getting that numerous thank you notes um I suggest it 'd be interesting to see how many Post-it notes you got however it would definitely be an interesting task trying to clean 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 try to browse them and actually see what was going on and kind of try to get back to everyone so carrying on look why do business choose to main different savings account there are businesses out there doing precisely this for specific nations and I've worked in a service or many companies doing precisely that I can state it doesn't always feel effective and it does develop more work I know we're not intentionally doing that we're not developing extra work for anybody where we don't need to and anybody that's dealing with that procedure I 'd be interested to hear your thoughts Johnny why do you believe that we're doing that in in the in the quantity that we are I believe numerous reasons one is it's the standard I think individuals have got so used to we require a new savings account we open an entity and appropriately so you need it for payroll purposes but there are a number of markets where it's not a requirement so I think it's simply been the standard and the norm the people have embraced and continue to do over years and years passed by to contribute to that individuals have actually looked at things like trust accounts and lots of other ways um to to type of do it so I think there's a variety I believe this is a process that requires taking a look at it needs changing but eventually individuals are really 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 simply sort of moving away from the norm as we've said so yeah so it keeps a lot of track of stuff um I understand certainly the advantages of having maintaining numerous checking account however there's a big amount of complexity chooses setting up a checking account maintaining it guaranteeing it can send International transfers ensuring it's set up with the right user accesses for specific individuals so the intricacy is big however I believe the sincere answer is change um individuals have not had the ability to change or have not had necessarily the understanding to actually make that change into alternate Solutions other than opening a checking account I believe you have actually hit the nail on the head I believe it is knowledge you know and there is a component of resistance to alter however 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 practically be figured out to be the next Century or two there is a lot to keep track of and this approach does position numerous obstacles um so Johnny might you tell us about those challenges yeah obviously so there's a range right there is so
I just recently made a change to our Enterprise system by transitioning to OS. As a result, we can now manage our payroll and payment tasks on one platform. It seems like our CFO has actually gotten another CFO, and with this enhanced ability, I have actually effectively secured payments for our 10,000 staff members worldwide. Your commitment to mastering international payroll and payments using Papaya payroll OS is commendable. You are worthy of a corner office with a parking space that is more detailed, considering your achievements.
Sure Payroll Vs Papaya Global