Find out more about Papaya Global Payroll Customer Reviews ... We now have the capability to handle both our payroll and payments processes on one merged platform. It's as if our Chief Financial Officer has obtained a separate Chief Financial Officer particularly committed to handling payments. This provides us with a safe and secure and dependable technique of paying to our 10,000 employees worldwide.}
the very best international payroll managment app, conserves me hours of time every month, one single dashboard for my payroll, EOR and specialists
Worker Portal
Staff members have access to a Worker Website where they can see their pay slips, wage and tax declarations and work documents. The website is readily available in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global assists companies offer competitive benefits packages to worldwide workers no matter the variety of workers in the company. The business can set up medical insurance, short-term and long-term disability, vision, oral and maternity leave while eliminating the requirement to source regional benefits service providers in every nation, produce regional accounts and have a minimum variety of workers.
The HR abilities supplied by Global HR incorporate numerous functions such as monitoring vacation time, guaranteeing compliance, facilitating the process of welcoming brand-new staff members and bidding goodbye to leaving ones, offering a protected online platform for keeping employees' files, and providing support for work permit treatments in case your employees need help in that area.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force spending, workforce diversity, total work expenses dispersed per location, overall employment expenses per cycle and a lot more.
Internationally, I have shown leadership and strategic know-how in guiding large-scale populations of over 100,000 staff members across 170 countries. Currently, I am responsible for supervising payroll strategies, as pointed out by Mark. My function involves handling and establishing external collaborations, supporting Enterprise customers, and providing advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options provider.
business to make the time 100 list for many prominent companies in the world we supply payroll payments and labor force management to all employee key ins over 160 nations I am pleased to say that we likewise have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself of course thank you good morning excellent afternoon excellent evening depending on where you are in the world it's beautiful to meet you and thank you very much for your time as Ian said my name is Johnny Nash and I'm the payments director here at um I have actually been in the payments industry for over 10 years and particularly dealing with the payroll and payment sector for over 7 years um I was captivated by the intricacy the trouble in all of the above of
payroll payments and decided to sort of make a genuine go at that over the last 5 or six years where I've kind of had a range of various roles on the company side and also on the supplier side from a payroll point of view so truly looking forward to this conversation today um and yeah thank you quite for your time everyone okay thanks Johnny uh we'll just provide everyone another couple of uh well among the 30 seconds approximately to join we all work back to back nowadays so we'll kind of let them do that so it 'd be quite fascinating and I can see it going on already just 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 raining here it's extremely very gloomy and I want I was somewhere else at this moment in time okay so let's start our program for today is as follows um we are going to be taking a look at the challenge years of handling Global payroll why companies maintain different
Virtual payroll accounts are an option to traditional savings account for managing payroll payments. This is especially helpful for international organizations with dispersed and remote workforces, as it streamlines the complex process of cross-border payments. Instead of preserving separate savings account for payroll in different countries, virtual accounts and digital wallets provide a more streamlined service. In this webinar, we will explore the benefits of using virtual payroll accounts and go over why they are ending up being a strategic asset for payroll executives. We will likewise offer a wrap-up of the main points covered and leave time for a Q&A session at the end.
making payroll payments precisely efficiently safely and on time throughout this webinar we'll stroll you through the global benefits and drawbacks of a payroll wallet versus a payroll savings account how business accurately anticipate their payroll costs to increase working capital and how streamlining International 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 complex for a range of factors most notably regulations compliance information security and banking guidelines then there are the large numbers they include additional intricacy the worldwide Labor force is currently three and a half billion people by 2030 it's estimated that in Africa alone they will contribute and further 1.1 billion people that number is currently 500 million just for for a scale then factor in that there are some 230 million organizations and growing all doing their own thing around the globe in the traditional payroll model there's often an overwhelming number of different systems resulting in lengthy manual processes and silos the variety of Integrations could be non-existent in big amounts and or really really standard there's no genuine consistency framework we're residing in an era of tech but payroll has actually been sluggish to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper which just blows my mind whenever I I believe
about it to provide you an idea of how far there still is to come according to Deloitte just 11 of companies say they have Labor force information in real time that's another number that gives me sleepless nights and quite frankly the more a company invests in worldwide payroll the less of a photo they see a lack of exposure likewise reaches payroll payments and failure to properly track these payments can lead to compliance incidents in the last mile of the deal almost half of worldwide businesses have actually expressed that they don't have the level of standardization they require in their procedures or want and as a result eighty percent of mistakes are due to time reporting bad HCM information data entry errors improperly interacted hires and terminations along with lack management and system configurations and then when you round it all off and the information is shipped to the wrong location the average cost of a worldwide information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the cash around the globe payroll and payments do not run efficiently if they rely on the required multiple processes systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the challenges organization face when they're paying to workers or otherwise that's a good concern I always throw this back and state what is it what doesn't need to be consisted of best and what does
it require 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 timespan there's payment capabilities 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 customer's own in-country account so there's intricacy anywhere you look ideal eventually building a knowledge base is definitely critical however all over you look with payroll payment they are like extremely payments no if but some infants about it you are all superheroes processing payments for payroll if you look at the kind of link between fintech and payroll it's closer than ever I think there's now a bit more recognition that payroll payments are absolutely essential and innovation is permitting us to sort of progress with that it also also to contribute to that payroll and finance need to work closer together um with differing Savings account Details differing banking requirements and setup processes is definitely imperative that payroll and finance groups work more detailed together than ever um I'm always impressed when people state I have actually divided payroll and payment um if you walk down the street and asked anyone what is payroll who does not operate in the payroll profession would they split the payroll payment from computation 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 data 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 contemporary world puts a high worth on well-being and the payment landscape is ending up being progressively detailed. Businesses are constantly introducing new benefits and payment alternatives, which contributes to the overall intricacy. Big corporations often divide their payroll and payment processing into different groups, which can cause inadequacies and traffic jams. In my viewpoint, this doesn't need to be the case. In today's technically innovative age, there's no validation for preserving cumbersome procedures. Payroll, the business's greatest expense, need to be processed properly and on time. Even small delays can negatively affect staff members' well-being and have far-reaching repercussions. For that reason, it's vital to focus on accurate and timely payments.
The payroll group may not have actually been thanked for properly processing payroll during a webinar. If anybody has actually been thanked, it would be excellent to hear their success story, whether it's from all employees or not. Payroll is an important cycle, and individuals just notice when things fail. However, when things go right, it's seen as simply a regular task. This is how it's perceived externally also. For that reason, it is essential to ensure that tasks like Wi-Fi Global and other important matters are done correctly. Using the very first Global Payments first payroll payment option is a terrific preliminary step towards supplying a thorough payroll service for staff members worldwide. Standardization, global procedures, and reducing the variety of tools, platforms, and savings account necessary for worldwide payroll are essential factors in accomplishing business success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do occasionally receive a few problems when things don't go as planned. Ultimately, we do not do it for the thankfulness.
anyway we understand how how important a role 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 easy as possible for everyone that's associated with those procedures and likewise so picture sorry I'm just I was simply gon na say picture the quantity of thanks you got if you might cover the quantity of individuals that we cover within this webinar I'm sure we're talking about numerous thousands possibly Millions think of getting that lots of thank you keeps in mind um I mean it 'd be interesting to see the number of Post-it notes you got however it would absolutely be an interesting job attempting to clean up all those up for sure oh absolutely I can't think of the size of my my Outlook inbox if that held true um you 'd need days of the week to attempt to browse them and really see what was going on and sort of shot to get back to everyone so carrying on look why do companies pick to main different savings account there are organizations out there doing precisely this for particular countries and I've worked in a service or numerous companies doing precisely that I can state it doesn't always feel effective and it does create more work I understand we're not deliberately doing that we're not producing extra work for anyone where we don't have to and anybody 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 numerous factors one is it's the standard I think individuals have actually got so utilized to we need a new bank 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 believe it's simply been the requirement and the norm individuals have actually embraced and continue to do over years and years passed by to add to that people have taken a look at things like trust accounts and lots of other methods 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 but eventually individuals are really stuck with what they recognize
with best um change is a tough thing we all do not like change um so I believe it's simply type of moving far from the standard as we've said so yeah so it keeps a great deal of track of stuff um I comprehend undoubtedly the benefits of having preserving multiple bank accounts but there's a big quantity of complexity chooses setting up a bank account maintaining it guaranteeing it can send out International transfers ensuring it's set up with the best user accesses for private individuals 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 always the knowledge to really make that change into alternate Solutions aside from opening a savings account I think you have actually struck the nail on the head I believe it is understanding you understand and there is an element of resistance to change but we've constantly done it that way is no real excuse for not taking a look at the the advantages and the possibilities of proceeding and moving into you understand what might nearly be determined to be the next Century or two there is a lot to keep an eye on and this technique does pose numerous difficulties um so Johnny might you inform us about those obstacles yeah of course so there's a variety right there is so
I recently made a change to our Business 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 boosted ability, I have actually successfully secured payments for our 10,000 staff members worldwide. Your commitment to mastering international payroll and payments using Papaya payroll OS is commendable. You deserve a corner office with a parking space that is more detailed, considering your accomplishments.
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