Find out more about Papaya Global Pricing Payroll ... 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 actually gotten a different Chief Financial Officer particularly dedicated to handling payments. This provides us with a secure and reliable technique of making payments to our 10,000 workers worldwide.}
the BEST worldwide payroll managment app, saves me hours of time every month, one single dashboard for my payroll, EOR and contractors
The Staff member Website offers staff members with the capability to access and view crucial documents such as pay slips, wage and tax declarations, and employment records. This website is accessible on both desktop and mobile devices and is offered in different languages.
Benefits Administration
Papaya Global helps business provide competitive advantages packages to international employees no matter the number of workers in the business. The company can set up medical insurance, short-term and long-lasting special needs, vision, oral and maternity leave while getting rid of the requirement to source local advantages providers in every nation, develop local accounts and have a minimum number of employees.
Global HR Performances
's HR performances consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and immigration services if your staff members require work authorization support.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force spending, labor force variety, total employment costs dispersed per place, total work costs per cycle and much more.
Globally, I have demonstrated leadership and tactical competence in assisting massive populations of over 100,000 employees throughout 170 countries. Presently, I are accountable for overseeing payroll methods, as mentioned by Mark. My role includes managing and developing external partnerships, supporting Enterprise clients, and providing advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions supplier.
business to make the time 100 list for the majority of influential companies on the planet we provide payroll payments and workforce management to all worker enters over 160 nations I am pleased to say that we likewise have as Mark said Johnny Nash with us today Johnny would you like to introduce yourself naturally thank you good morning excellent afternoon great evening depending on where you are in the world it's beautiful to fulfill you and thank you very much for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I have actually been in the payments market for over 10 years and specifically working on the payroll and payment sector for over seven years um I was fascinated by the complexity the trouble in all of the above of
payroll payments and chose to sort of make a genuine go at that over the last five or 6 years where I have actually sort of had a variety of various roles on the supplier side and also on the supplier side from a payroll viewpoint so really eagerly anticipating this conversation today um and yeah thank you quite for your time everybody all right thanks Johnny uh we'll just give everybody another couple of uh well among the 30 seconds or so to join we all work back to back these days so we'll type of let them do that so it 'd be rather intriguing and I can see it going on already just to hear where everybody is um it's nice to to type of like see where everyone comes from and I really 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 very uninspiring and I want I was somewhere else at this moment in time okay so let's begin our agenda for today is as follows um we are going to be looking at the challenge years of managing Global payroll why companies keep separate
Virtual payroll accounts are an alternative to traditional savings account for handling payroll payments. This is especially helpful for international organizations with dispersed and remote workforces, as it simplifies the complicated procedure of cross-border payments. Instead of keeping separate checking account for payroll in different countries, virtual accounts and digital wallets use a more streamlined solution. In this webinar, we will check out the benefits of using virtual payroll accounts and go over why they are becoming a tactical property 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.
Guaranteeing accurate, effective, and prompt payroll payments is a complex challenge for companies running internationally. Join us for a webinar to explore the benefits and downsides of payroll wallets versus payroll bank accounts, discover how business anticipate payroll costs to enhance working capital, and find how simplifying worldwide payroll payments can change them from a challenging job into a tactical possession.
Handling payroll internationally is a daunting job due to various guidelines, compliance requirements, information security concerns, and banking guidelines. The sheer variety of workers and businesses contributes to the intricacy, with an approximated 3.5 billion individuals in the international labor force, 500 million of whom remain in Africa, and 230 million organizations worldwide.
Traditional payroll systems typically lead to manual processes, information silos, and an absence of integration, causing disparities and inefficiencies. Regardless of residing in an era of technological developments, payroll management has been slow to adapt, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar aims to offer insights and solutions to simplify and enhance international payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of organizations say they have Labor force information in real time that's another number that gives me sleepless nights and rather honestly the more an organization spends on global payroll the less of a photo they see an absence of exposure likewise extends to payroll payments and inability to accurately track these payments can cause compliance accidents in the last mile of the transaction nearly half of international businesses have actually expressed that they don't have the level of standardization they require in their procedures or desire and as a result eighty percent of errors are due to time reporting poor HCM data information entry mistakes badly interacted hires and terminations along with lack management and system setups and then when you round everything off and the data is delivered to the incorrect location the average cost of a worldwide information breach at this moment is 3.9 billion dollars when payrolls are done we still require to move the cash all over the world payroll and payments do not run smoothly if they depend on the necessary multiple processes 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 service face when they're paying to staff members or otherwise that's an excellent concern I always toss this back and say what is it what doesn't need to be consisted of best and what does
it need to be considered there's differing Bank information so the length of an eye band a swift an account number routing code per country there's payment time frames there's payment capabilities 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 consumer's own in-country account so there's complexity anywhere you look ideal ultimately building a knowledge base is absolutely critical however everywhere 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 sort of link in between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are definitely fundamental and technology is permitting us to kind of move on with that it likewise as well to add to that payroll and financing need to work closer together um with varying Bank Account Particulars varying banking requirements and setup procedures is absolutely imperative that payroll and finance teams work closer together than ever um I'm constantly impressed when people state I've split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't 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 often 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 likewise paying statutory authorities and on statutory 3rd parties so with the
The contemporary world puts a high value on wellness and the compensation landscape is becoming progressively intricate. Businesses are continuously introducing new benefits and payment choices, which adds to the overall complexity. Large corporations often divide their payroll and payment processing into separate groups, which can result in ineffectiveness and traffic jams. In my opinion, this doesn't need to be the case. In today's highly sophisticated period, there's no reason for keeping cumbersome treatments. Payroll, the company's most significant expense, need to be processed correctly and on time. Even small delays can adversely affect employees' wellness and have significant repercussions. Therefore, it's vital to focus on accurate and prompt payments.
The payroll group may not have actually been thanked for properly processing payroll throughout a webinar. If anyone has actually been thanked, it would be terrific to hear their success story, whether it's from all employees or not. Payroll is an essential cycle, and individuals only notice when things fail. Nevertheless, when things go right, it's seen as just a regular task. This is how it's perceived externally too. For that reason, it is essential to make sure that tasks like Wi-Fi Global and other crucial matters are done correctly. Utilizing the very first Global Payments first payroll payment service is a fantastic initial action towards offering a detailed payroll solution for employees worldwide. Standardization, worldwide processes, and minimizing the variety of tools, platforms, and checking account essential for worldwide payroll are crucial consider attaining company success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do sometimes get a couple of complaints when things don't go as prepared. Ultimately, we don't do it for the gratitude.
anyhow we know 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 easy as possible for everybody that's involved in those procedures and also so envision sorry I'm simply I was simply gon na say think of the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I make sure we're discussing numerous thousands possibly Millions envision getting that numerous thank you notes um I indicate it 'd be interesting to see how many Post-it notes you got but it would absolutely be an intriguing 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 need days of the week to attempt to browse them and actually see what was going on and sort of shot to get back to everybody so moving on appearance why do business choose to primary separate bank accounts there are organizations out there doing precisely this for specific countries and I have actually operated in a service or lots of companies doing exactly that I can say it does not constantly feel efficient and it does create more work I know we're not intentionally doing that we're not developing additional work for any person where we do not need 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 amount that we are I believe many factors one is it's the standard I think people have got so used to we need a brand-new checking 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 just been the requirement and the norm the people have adopted 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 many other ways um to to kind of do it so I think there's a variety I think this is a procedure that needs taking a look at it needs altering however ultimately people are really stuck to what they recognize
with right um change is a difficult thing all of us do not like change um so I think 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 benefits of having maintaining numerous checking account but there's a huge amount of complexity chooses establishing a savings account preserving it guaranteeing it can send International transfers guaranteeing it's set up with the right user accesses for individual individuals so the complexity is big however I think the sincere answer is modification um people have not had the ability to alter or haven't had always the understanding to actually make that change into alternate Solutions aside from opening a savings account I believe you've struck the nail on the head I believe it is knowledge you understand and there is an element of resistance to alter but we've constantly done it that way is no real reason for not taking a look at the the advantages and the possibilities of carrying on and moving into you know what could almost be identified to be the next Century approximately there is a lot to track and this approach does position several obstacles um so Johnny might you inform us about those difficulties yeah naturally so there's a variety right there is so
I simply did you changed 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 Worldwide workers you deserve a corner office with a better parking space since I mastered Global payroll and payments with Papaya payroll OS did you
Sure Payroll Vs Papaya Global