Find out more about Papaya Global Payroll Insurance ... We now have the capability to manage both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer particularly committed to managing payments. This offers us with a secure and reputable method of making payments to our 10,000 employees worldwide.}
the very best global payroll managment app, conserves me hours of time on a monthly basis, one single control panel for my payroll, EOR and contractors
Worker Website
Staff members have access to a Staff member Portal where they can see their pay slips, wage and tax declarations and employment files. The portal is available in several languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps business use competitive benefits plans to worldwide employees despite the number of workers in the company. The company can set up health insurance, short-term and long-term disability, vision, dental and maternity leave while removing the need to source local benefits service providers in every country, produce local accounts and have a minimum number of workers.
The HR abilities offered by Global HR include numerous functions such as monitoring trip time, guaranteeing compliance, facilitating the procedure of welcoming new employees and bidding goodbye to departing ones, using a protected online platform for keeping employees' files, and supplying assistance for work permit treatments in case your workers require assistance because location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce costs, workforce diversity, total work expenses distributed per place, total employment expenses per cycle and much more.
environments across the globe I offered management and strategy to populations of over a hundred thousand staff members in more than 170 nations today I'm the payroll techniques for as Mark stated I work across the business managing and building external relationships supporting Business customers and services as well as acting as a consultant for those of you that don't know who papaya Worldwide is papaya is the very first payroll and payments
As a global company, we are honored to be consisted of on the distinguished Time 100 list of the most influential companies worldwide. We focus on providing payroll and workforce management services to workers in more than 160 nations. I am delighted to introduce Johnny Nash, as mentioned by Mark. Now, I'll let Johnny present himself. Good day to all, no matter your location. It's a satisfaction to meet you and thank you for your valuable time. As Ian mentioned, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments market, I have focused on payroll and payment solutions for the past 7 years. The complexities and obstacles of this field have actually constantly mesmerized me.
payroll payments and decided to type of make a real go at that over the last 5 or six years where I've type of had a variety of different roles on the company side and likewise on the vendor side from a payroll perspective so really eagerly anticipating this conversation today um and yeah thank you very much for your time everyone fine thanks Johnny uh we'll simply give everyone another number of uh well one of the 30 seconds approximately to join all of us work back to back these days so we'll kind of let them do that so it 'd be rather fascinating and I can see it going on already simply to hear where everybody is um it's nice to to kind of like see where everybody originates from and I truly 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 really really bleak and I want I was somewhere else at this moment in time all right so let's start our program for today is as follows um we are going to be taking a look at the difficulty years of handling Global payroll why companies maintain different
Virtual payroll accounts are an alternative to traditional savings account for managing payroll payments. This is particularly helpful for international companies with dispersed and remote labor forces, as it streamlines the intricate process of cross-border payments. Instead of maintaining different checking account for payroll in various countries, virtual accounts and digital wallets provide a more streamlined solution. In this webinar, we will check out the advantages of using virtual payroll accounts and discuss why they are becoming a tactical asset for payroll executives. We will likewise provide a wrap-up of the main points covered and leave time for a Q&A session at the end.
Ensuring precise, efficient, and timely payroll payments is a complex difficulty for organizations operating globally. Join us for a webinar to check out the benefits and disadvantages of payroll wallets versus payroll checking account, find out how business anticipate payroll expenses to optimize working capital, and discover how enhancing global payroll payments can change them from a troublesome job into a tactical asset.
Managing payroll internationally is a challenging task due to different policies, compliance requirements, data security concerns, and banking rules. The large number of workers and services adds to the intricacy, with an approximated 3.5 billion people in the international workforce, 500 million of whom are in Africa, and 230 million companies worldwide.
Traditional payroll systems often lead to manual processes, data silos, and an absence of combination, leading to disparities and inadequacies. Regardless of living in an era of technological developments, payroll management has been slow to adapt, with as much as 25% of payroll still processed by hand, often using pen and paper. This webinar aims to supply insights and options to streamline and optimize worldwide payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of businesses state they have Workforce data in real time that's another number that provides me sleep deprived nights and rather frankly the more an organization spends on worldwide payroll the less of a photo they see a lack of presence also extends to payroll payments and failure to properly track these payments can result in compliance incidents in the last mile of the transaction almost half of global businesses have actually expressed that they do not have the level of standardization they need in their procedures or want and as a result eighty percent of mistakes are because of time reporting poor HCM data data entry mistakes badly interacted hires and terminations as well as lack management and system configurations and after that when you round everything off and the information is shipped to the incorrect place the typical cost of a global data breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the money all over the world payroll and payments do not run smoothly if they depend on the required several processes systems and partners it is just 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 making payments to workers or otherwise that's an excellent concern I constantly toss this back and say what is it what does not need to be consisted of best and what does
it need to be thought about there's differing Bank details so the length of an eye band a swift an account number routing code per country there's payment timespan there's payment abilities so can you pay it from International or do you need to pay from an in-country account do you need to pay from the client's own in-country account so there's intricacy anywhere you look best ultimately constructing a knowledge base is absolutely vital however all over you look with payroll payment they are like very payments no if but some infants about it you are all superheroes processing payments for payroll if you look at the type 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 absolutely essential and technology is enabling us to kind of move on with that it likewise also to contribute to that payroll and finance require to work closer together um with varying Bank Account Particulars differing banking requirements and setup processes is definitely important that payroll and financing teams work closer together than ever um I'm constantly surprised when people state I've split payroll and payment um if you stroll down the street and asked anybody what is payroll who does not operate in the payroll occupation would they divide 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 ultimately it's payroll is an end-to-end process it's the point of data collection all the way through to paying individuals anywhere they are however likewise paying statutory authorities and on statutory third parties so with the
The modern world positions a high value on well-being and the compensation landscape is ending up being increasingly elaborate. Organizations are continuously presenting new advantages and payment alternatives, which contributes to the overall complexity. Big corporations frequently divide their payroll and payment processing into separate teams, which can cause inefficiencies and traffic jams. In my opinion, this does not need to hold true. In today's technologically sophisticated age, there's no validation for preserving cumbersome procedures. Payroll, the company's greatest cost, must be processed correctly and on time. Even small hold-ups can negatively impact staff members' well-being and have significant repercussions. For that reason, it's important to focus on precise and prompt payments.
payroll team get um so I'm not sure anyone on this kind of webinar has actually been told thank you for processing my payroll correctly if you have it 'd be great to hear your success story and whether that's been from all employees or not um however ultimately payroll is such an essential cycle we all become aware of it when it fails everyone jumps up and down when it fails however when it goes right it's just a tick box exercise and I think that's how it's seen from the external deem well um so yeah it's likewise like why WI-Fi Global why all of this stuff is absolutely vital that all of this stuff is done correctly so leveraging the very first Global Payments first payroll payment service is a great primary step um offering an end-to-end payroll option for your workers internationally once again I think is another huge um process once again aligning and guaranteeing you have standardization International processes all of those things are absolutely essential to success success of businesses and decreasing the variety of tools platforms and checking account they need for their International 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 ever had a hundred thousand of 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 have not gone rather where they're suggested to be um I don't think any of us are really doing that for for the thanks
anyhow we know how how important 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 everyone that's involved in those processes and likewise so envision sorry I'm just I was just gon na say imagine 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 hundreds of thousands possibly Millions envision getting that many thank you notes 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 trying to clean up all those up for sure oh definitely I can't imagine 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 in fact see what was going on and sort of shot to return to everybody so carrying on appearance why do business choose to main separate savings account there are businesses out there doing exactly this for particular nations and I've operated in a company or numerous companies doing precisely that I can state it does not always feel effective and it does produce more work I know we're not purposely doing that we're not developing additional work for anybody where we don't have to and anyone that's handling that procedure 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 think numerous reasons 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 variety of markets where it's not a requirement so I think it's simply been the requirement and the standard the people have adopted and continue to do over years and years gone past to contribute to that individuals have taken a look at things like trust accounts and lots of other ways um to to sort of do it so I believe there's a variety I believe this is a procedure that requires taking a look at it needs altering however eventually individuals are very stuck to what they're familiar
with ideal um change is a difficult thing we all don't like modification um so I believe it's simply kind of moving away from the standard as we have actually said so yeah so it keeps a lot of track of stuff um I understand clearly the advantages of having preserving numerous bank accounts however there's a huge amount of complexity chooses establishing a savings account keeping it guaranteeing it can send International transfers guaranteeing it's set up with the right user accesses for private individuals so the complexity is huge however I believe the truthful answer is change um people have not had the ability to alter or haven't had always the understanding to really make that change into alternate Solutions besides opening a checking account I believe you've struck the nail on the head I think it is knowledge you understand and there is a component of resistance to alter but we've 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 determined to be the next Century approximately there is a lot to keep track of and this technique does pose a number of challenges um so Johnny could you tell us about those difficulties yeah naturally so there's a variety right there is so
I just did you changed our Enterprise to OS so now we can do our payroll and payments operation on a single platform yes it resembles our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 Worldwide workers you are worthy of a corner workplace with a better parking space due to the fact that I mastered International payroll and payments with Papaya payroll OS did you
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