Find out more about Papaya Global Payroll Cnd ... We now have the capability to handle both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has actually acquired a different Chief Financial Officer specifically committed to managing payments. This provides us with a safe and secure and reputable method of making payments to our 10,000 employees worldwide.}
the very best international payroll managment app, conserves me hours of time monthly, one single control panel for my payroll, EOR and professionals
Staff member Portal
Employees have access to an Employee Website where they can see their pay slips, wage and tax declarations and work files. The portal is readily available in several languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps business offer competitive benefits plans to international employees despite the variety of staff members in the company. The company can set up medical insurance, short-term and long-lasting special needs, vision, dental and maternity leave while eliminating the need to source regional benefits companies in every country, produce local accounts and have a minimum variety of employees.
The HR capabilities supplied by Worldwide HR include various functions such as keeping an eye on trip time, making sure compliance, assisting in the process of inviting brand-new workers and bidding goodbye to departing ones, offering a protected online platform for keeping employees' files, and providing assistance for work allow procedures in case your staff members require assistance because location.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce spending, labor force variety, total employment expenses dispersed per place, total work expenses per cycle and a lot more.
Internationally, I have actually demonstrated management and tactical knowledge in directing massive populations of over 100,000 workers throughout 170 nations. Presently, I am responsible for overseeing payroll methods, as discussed by Mark. My function involves handling and establishing external partnerships, supporting Business customers, and providing advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments services provider.
company to make the time 100 list for many influential companies in the world we offer payroll payments and workforce management to all employee types in over 160 nations I am pleased to state that we also have as Mark said Johnny Nash with us today Johnny would you like to introduce yourself obviously thank you good morning good afternoon excellent evening depending on where you remain in the world it's beautiful to meet you and thank you quite for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I've been in the payments market for over ten years and particularly working on the payroll and payment sector for over 7 years um I was interested by the intricacy the difficulty in all of the above of
payroll payments and chose to sort of make a real go at that over the last five or six years where I have actually sort of had a variety of different functions on the supplier side and also on the supplier side from a payroll perspective so actually eagerly anticipating this conversation today um and yeah thank you very much for your time everybody fine thanks Johnny uh we'll just give everyone another number of uh well one of the 30 seconds or two to join all of us work back to back these days so we'll kind 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 everybody originates from and I really do hope it's much sunnier than it remains in the UK today certainly not the peak of the sunlight is it it's not no it's it's drizzling here it's really really gloomy and I want I was elsewhere at this moment in time alright 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 managing Global payroll why business maintain different
Virtual payroll accounts are an alternative to conventional checking account for managing payroll payments. This is particularly beneficial for worldwide organizations with dispersed and remote labor forces, as it simplifies the intricate process of cross-border payments. Instead of maintaining different checking account for payroll in different countries, virtual accounts and digital wallets offer a more streamlined option. In this webinar, we will check out the advantages of using virtual payroll accounts and go over why they are ending up being a tactical asset for payroll executives. We will likewise supply a recap 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 during this webinar we'll walk you through the global advantages and disadvantages of a payroll wallet versus a payroll savings account how companies accurately forecast their payroll costs to increase working capital and how enhancing Worldwide payroll payments can turn them from a siled pane into a strategic property so payroll can be challenging in enough in one country but when you're doing it globally it's next level and Beyond it becomes intricate for a variety of factors most importantly regulations compliance information security and banking rules then there are the sheer numbers they add additional intricacy the worldwide Workforce is currently 3 and a half billion individuals by 2030 it's estimated that in Africa alone they will contribute and additional 1.1 billion people that number is presently 500 million just for for a scale then factor in that there are some 230 million services and growing all doing their own thing around the globe in the conventional payroll model there's frequently an overwhelming variety of various systems causing time-consuming manual procedures and silos the number of Integrations could be non-existent in big quantities and or extremely really basic there's no genuine consistency framework we're living in a period of tech however payroll has been slow to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper and that just blows my mind every time I I believe
about it to give you an idea of how far there still is to come according to Deloitte only 11 of companies say they have Labor force data in real time that's another number that provides me sleepless nights and rather frankly the more an organization spends on worldwide payroll the less of a photo they see an absence of exposure likewise reaches payroll payments and failure to precisely track these payments can lead to compliance accidents in the last mile of the deal nearly half of worldwide businesses have actually expressed that they don't 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 poor HCM data data entry errors inadequately interacted hires and terminations as well as absence management and system setups and after that when you round all of it off and the data is shipped to the incorrect location the typical expense of a worldwide information breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash all over the world payroll and payments do not run smoothly if they count on the necessary multiple procedures systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the obstacles company face when they're paying to staff members or otherwise that's a great concern I constantly toss this back and say what is it what does not require to be consisted of best and what does
it need to be thought of 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 abilities so can you pay it from International or do you have to pay from an in-country account do you have to pay from the client's own in-country account so there's intricacy anywhere you look ideal eventually building a knowledge base is definitely critical but all over you look with payroll payment they are like super payments no if but some children about it you are all superheroes processing payments for payroll if you take a look at the sort of link in between fintech and payroll it's closer than ever I believe there's now a bit more recognition that payroll payments are definitely basic 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 differing Checking account Particulars differing banking requirements and setup procedures is absolutely imperative that payroll and financing groups work more detailed together than ever um I'm always astonished when people state I have actually split payroll and payment um if you stroll down the street and asked anyone what is payroll who does not work in the payroll occupation would they divide the payroll payment from calculation I would say no so why do we as a market 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 people any place they are but likewise paying statutory authorities and on statutory third parties so with the
world we live in and wellness being increasingly more essential to add to type of the level of intricacy there's increasingly more advantages being organ or being provided by services throughout the world so again you're simply wanting to include a growing number of payments to this already complicated landscape so if you sort of got any experience well I'm from your vast experience here and I'm sure but have you got any experience in kind of real challenges or real tough kind of pay uses to play to pay individuals I believe yeah I mean over the last well yeah a couple of years I would certainly say that the bigger an organization gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the job there are groups feeding info into the next function as it were that's really handling the payment side of things but you understand in in my opinion and my experience that does not always require to be the case you know long gone are the times where we require to develop additional handoffs while doing sos that we run 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 an era of tech and an age that you know that we are working in today there is no reason we are still making this as challenging as it requires to be concurred and appropriately as you stated 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 important 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 greatest detrimental impact on individuals's wellness and numerous other aspects if people aren't paid uh I have actually constantly been impressed entering this Market type of the last five to 10 years is how little thanks the
payroll team get um so I'm unsure anybody on this sort of webinar has actually been informed thank you for processing my payroll properly if you have it 'd be excellent to hear your success story and whether that's been from all workers or not um however ultimately payroll is such a crucial cycle we all become aware of it when it fails everybody jumps up and down when it goes wrong however when it goes right it's simply 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 stuff is absolutely vital that all of this stuff is done properly so leveraging the first Worldwide Payments very first payroll payment solution is a great initial step um providing an end-to-end payroll option for your staff members worldwide again I think is another huge um process once again lining up and guaranteeing you have standardization Global procedures all of those things are definitely key to success success of companies and minimizing the number of tools platforms and savings account they require 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 ever had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd five or ten 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
anyway we understand how how important 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 simple as possible for everybody that's associated with those processes and also so imagine sorry I'm simply I was just gon na state imagine the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I make certain we're discussing hundreds of thousands potentially Millions picture getting that numerous thank you notes um I indicate it 'd be interesting to see how many Post-it notes you got however it would certainly be an interesting 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 was the case um you 'd require days of the week to try to check out them and in fact see what was going on and type of try to get back to everybody so proceeding appearance why do companies choose to primary separate savings account there are organizations out there doing precisely this for specific countries and I've worked in a company or many companies doing exactly that I can state it does not constantly feel effective and it does develop 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 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 think lots of factors one is it's the standard I believe individuals have got so used to we require a brand-new savings account we open an entity and rightly so you need it for payroll purposes but there are a number of markets where it's not a requirement so I believe it's just been the standard and the norm individuals have adopted and continue to do over years and years gone past to add to that individuals have taken a look at things like trust accounts and numerous other ways um to to sort of do it so I think there's a variety I believe this is a process that needs taking a look at it needs changing but ultimately individuals are very stuck to what they recognize
with best um modification is a hard thing all of us do not like change um so I believe it's just kind of moving far from the norm as we've said so yeah so it keeps a great deal of track of things um I understand undoubtedly the advantages of having preserving multiple savings account but there's a huge quantity of complexity goes with establishing a bank account preserving it ensuring it can send out International transfers guaranteeing it's set up with the best user accesses for private people so the intricacy is big but I believe the sincere response is change um individuals have not been able to alter or haven't had necessarily the knowledge to truly make that change into alternate Solutions aside from opening a savings account I think you've struck the nail on the head I think it is knowledge you understand and there is an aspect of resistance to change however we've constantly done it that way is no genuine excuse for not looking at the the benefits and the possibilities of carrying on and moving into you know what might almost be identified to be the next Century or so there is a lot to keep track of and this approach does present numerous obstacles um so Johnny could you tell us about those obstacles yeah of course so there's a range right there is so
I just recently made a change to our Business system by transitioning to OS. As a result, we can now manage our payroll and payment jobs on one platform. It feels like our CFO has actually gotten another CFO, and with this improved ability, I have successfully protected payments for our 10,000 workers worldwide. Your commitment to mastering international payroll and payments using Papaya payroll OS is good. You are worthy of a corner office with a parking space that is closer, considering your accomplishments.
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