How To Switch From Sage Accounts To Papaya Global 2024 – All You Need To Know

Payroll and payments  run smoothly …How To Switch From Sage Accounts To Papaya Global

 

if they depend on the required multiple procedures systems and partners it is simply not possible so Johnny from a payments point of view and in your experience what else requires to be factored into the difficulties service face when they’re paying to workers or otherwise that’s a good question I always throw this back and say what is it what doesn’t require to be consisted of ideal and what does

it need to be considered there’s varying 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 capabilities 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 customer’s own in-country account so there’s intricacy wherever you look ideal eventually developing a knowledge base is absolutely critical however all over you look with payroll payment they resemble super payments no if however some infants about it you are all superheroes processing payments for payroll if you look at the type of link between fintech and payroll it’s closer than ever I believe there’s now a bit more recognition that payroll payments are definitely fundamental and innovation is allowing us to sort of move on with that it likewise also to add to that payroll and financing need to work closer together um with differing Bank Account Particulars differing banking requirements and setup procedures is definitely vital that payroll and financing teams work better together than ever um I’m always surprised when individuals state 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 divide the payroll payment from calculation 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 people anywhere they are however likewise paying statutory authorities and on statutory third parties so with the

world we reside in and wellness being increasingly more important to add to sort of the level of intricacy there’s a growing number of advantages being organ or being offered by businesses throughout the world so again you’re just seeking to include a growing number of payments to this currently complex landscape so if you kind 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 genuine challenges or real challenging kind of pay utilizes to play to pay people I believe yeah I imply over the last well yeah a couple of years I would definitely state that the larger a company gets the more it tends to segregate the payroll and the payments functions um there are groups doing one part of the task there are groups feeding info into the next function as it were that’s in fact handling the payment side of things however you know in in my opinion and my experience that does not necessarily need to be the case you know long gone are the times where we require to create extra handoffs in the processes that we operate in they simply make them more timely they make them less effective and they don’t make them what they require to be in in a period of tech and a period that you know that we are operating in today there is no reason that we are still making this as challenging as it needs to be concurred and appropriately as you stated payroll is the single greatest liability that any company has from a cost perspective from an effect viewpoint on workers it is definitely critical 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 need to be done right it has the biggest harmful effect on individuals’s wellness and lots of other elements if people aren’t paid uh I’ve constantly been surprised entering this Market kind of the last five to 10 years is how little thanks the

payroll group get um so I’m uncertain anyone on this kind of webinar has been informed thank you for processing my payroll properly if you have it ‘d be terrific to hear your success story and whether that’s been from all employees or not um but eventually payroll is such a crucial cycle all of us find out about it when it fails everyone jumps up and down when it goes wrong however when it goes right it’s simply 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 things is absolutely crucial that all of this things is done correctly so leveraging the first Worldwide Payments first payroll payment option is a terrific initial step um providing an end-to-end payroll service for your workers worldwide again I think is another substantial um procedure again lining up and guaranteeing you have standardization Worldwide processes all of those things are absolutely crucial to success success of services and reducing the variety of tools platforms and bank accounts they require for their Global payroll too could not agree with you more and on the the front in regards to of the thank yous for getting payroll done I have actually never had a hundred countless them within a payroll cycle don’t anticipate to you do get the odd five or 10 or whatever it might be with the with the the complaints where things haven’t gone quite where they’re implied to be um I do not think any of us are actually doing that for for the thanks

anyhow we know 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 easy as possible for everybody that’s associated with those processes and also so picture sorry I’m just I was simply gon na state picture the amount of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make certain we’re talking about numerous thousands possibly Millions imagine getting that numerous thank you keeps in mind um I mean it ‘d be interesting to see how many Post-it notes you got but it would definitely be an intriguing job attempting to clean up all those up for sure oh definitely I can’t picture the size of my my Outlook inbox if that was the case um you ‘d need days of the week to attempt to check out them and actually see what was going on and sort of shot to get back to everyone so carrying on look why do companies choose to main different bank accounts there are services out there doing exactly this for particular nations and I have actually worked in an organization or numerous businesses doing exactly that I can state it doesn’t constantly feel effective and it does develop more work I know we’re not deliberately doing that we’re not producing 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 ideas Johnny why do you believe that we’re doing that in in the in the amount that we are I think lots of factors one is it’s the standard I believe individuals have actually got so utilized to we need a new savings account we open an entity and appropriately so you require it for payroll purposes however there are a variety of markets where it’s not a requirement so I believe it’s just been the standard and the standard the people have actually adopted and continue to do over years and years passed by to add to that individuals have looked at things like trust accounts and lots of other ways um to to kind of do it so I think there’s a variety I believe this is a procedure that needs taking a look at it requires altering but eventually people are extremely stuck to what they recognize

with best um change is a difficult thing we all do not like modification um so I think it’s just kind of moving away from the norm as we have actually said so yeah so it keeps a lot of track of things um I comprehend certainly the advantages of having preserving multiple checking account however there’s a substantial amount of intricacy chooses establishing a bank account maintaining it guaranteeing it can send out International transfers ensuring it’s established with the best user accesses for individual people so the complexity is big but I think the truthful answer is change um people haven’t been able to alter or have not had necessarily the understanding to truly make that change into alternate Solutions besides opening a bank account I believe you have actually struck the nail on the head I believe it is understanding you understand and there is an aspect of resistance to change but we have actually constantly done it that way is no genuine excuse for not taking a look at the the advantages and the possibilities of carrying on and moving into you know what could practically be determined to be the next Century or so there is a lot to keep an eye on and this method does present several challenges um so Johnny might you inform

 

 

Expense Considerations and How To Switch From Sage Accounts To Papaya Global …
The thorough features of come at an expense,

 

Over the past few years, the workforce has undergone a substantial transformation with the emergence of remote work, which has actually eliminated geographical restrictions on hiring. This has actually enabled businesses to recruit talent from all over the world, permitting them to put together the best possible group for each role. As a result, staff members have gotten greater flexibility to work from home and increase their earnings without having to relocate to pricey areas or commute cross countries. According to a 2022 survey, 87% of workers who have the option to work remotely select to do so. The COVID-19 pandemic, combined with developments in business connectivity software application, has even more sped up the shift towards remote work, even in industries that were initially hesitant to adopt the trend.

insights are valuable to us and and your fellow guests so first things initially though um let’s learn more about everybody my name is Ian Charles and I have actually operated in payroll for the last 25 years I have actually had functions in all sort of Industries retail and Beauty to Aerospace in all kinds of businesses startup to matrixed environments around the world I provided management and strategy to populations of more than 100,000 workers on a monthly basis and in over 170 nations today I’m the perel strategist for papaya

Global I work throughout business male maning and constructing external relationships supporting Enterprise customers and options and functioning as an advisor I ‘d like to introduce our first Greg um guest Greg who will kick things off by informing us um who he is and a little bit more about bamboo HR Greg over to you thanks Ian yeah as Ian said my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our internal legal group and in fact work really carefully with our um HR department too to handle various legal and HR matters that turn up so actually excited to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we say our objective is to set you as HR experts free to do great

Application Obstacles:
Although Papaya Global supplies combinations with different HR and financing systems, we came across some obstacles during the integration procedure. Tailoring the software application to align with our existing infrastructure proved to be more complex than expected, resulting in hold-ups in the preliminary rollout.

Pricing Issues:
The extensive functions provided by Papaya Global come at a cost, which a few of our smaller subsidiaries discovered to be excessively expensive. As a worldwide organization, we needed to carefully weigh the need for sophisticated performance versus budget restraints.

Assistance Response Time:
On occasion, our groups experienced issues that required urgent assistance. Nevertheless, the response time from Papaya Global’s customer support group was not constantly as prompt as we would have liked, causing delays in fixing those issues.

Our implementation of included a phased method. We started by onboarding a couple of subsidiaries to check the system’s compatibility with our existing processes. This enabled us to identify and resolve combination difficulties early on. As the software application became more instilled in our operations, we gradually expanded its usage to cover our entire global labor force.

The automated functions streamlined our payroll processes, minimizing the time spent on manual estimations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our groups become skilled users of the software application, optimizing its potential for our organization.

Business that worker workers across numerous countries frequently deal with complex obstacles when it comes to managing their labor force. One of the greatest obstacles is consolidating various information streams and adhering to varied regional and nationwide labor guidelines, which can be both time-consuming and pricey. Moreover, setting up local entities in brand-new regions can be an expensive and suboptimal choice, with options such as opening a foreign subsidiary or working with an expert employment organization (PEO) frequently charging up to 15% of the payroll. These obstacles have led to a considerable boost in trouble hiring qualified personnel, with 75% of employers reporting this problem in 2022, a 21% increase from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

offers an option supporting all forms of employment. It offers an end-to-end platform, from worker onboarding and continuous management to global payments and. It helps companies with labor law compliance in the jurisdictions in which they run, offers management of employment benefits, and makes sure information privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading professional in payroll and labor force management. She co-founded after seeing the technology space in international.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please be sure to attend the complete webcast in order to receive your credits if you have any questions during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your browser with the webcast survey please make sure to finish it as quickly as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hi and thank you for joining us today we’re enjoyed have you here as we start a journey of data to guideline attaining

360 degree staff member compliance where we’ll dive into the vital aspects of the staff member compliance management design throughout the session we’ll explore real world obstacles genuine local policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to secure your organization and workers while staying certified in an

Ever developing regulative environment in the everchanging world of company and financing ensuring compliance with payroll guidelines is not only crucial however also a legal vital from the moment of hiring to the in intri intricacies even sorry of termination every step along the staff member journey is Frau with compliance dangers that have far-reaching consequences nevertheless with a much deeper more nuanced understanding of their responsibilities companies can not just navigate the complex landscape however also proactively ensure this 360 degree compliance the webinar is developed to equip you with the knowledge and tools needed to navigate the complex Surface of compliance whether you’re a seasoned P professional a small company owner or somebody brand-new to the field what I wish to do before we begin and I believe it’s truly crucial

In our mission to boost performance and accuracy in managing our international labor force, our multinational corporation turned to, a leading and workforce management software application. The transition intended to streamline the complex job of managing throughout numerous nations, currencies, and compliance regulations.

The Good:

Compliance Management:
One of the standout features of is its robust compliance management system. The software automatically updates itself to abide by ever-evolving tax and labor laws throughout multiple jurisdictions. This has been invaluable in ensuring that our processes stay compliant in each nation of operation.

is to state that the content here is illegal guidance it is simply for your information please consult your legal team must you have any concerns or concerns in relation to anything that we’ve gone over today our key take crucial takeaways by the end of the webinar will be an understanding of employee compliance threats how to work with ly with self-confidence how to simplify data management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we’ve.

function as your hris or is sort of your core worker record um to manage that employee life process throughout their Journey with you as as a staff member in addition to a payroll module we have to assist you pay those workers and compensate them and advantages Administration module that allows you to assist handle the benefits you supply to your workers so really excited to be here represent um bamb booy jar and speak about this subject um and I guess from my point of view I’ll I’ll most likely provide a great deal of a concentrate on the US side of things when we talk about type of compliance so pleased to be here thanks for having me Ian all right thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a little bit about papay worldwide yes definitely thank you Ian hi everyone I’m Gina dorelis I’m the Employment professional manager.

at I handle the work Council in the United States APAC EMA and Israel region I likewise serve as us Council for I’m accredited in New York and New Jersey um we ensure compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and labor force management as a Service work force company to employees serving in over.

160 countries okay thank you so both I feel totally underqualified sitting here with you both well I forgot to discuss as we were sort of like going through the introduction so it’s really truly great to really see in the webinar chat where everybody’s really going to from today I can see that we have people in Las Vegas and Indiana currently so if you want to carry on tell where you are that would be definitely fantastic whilst we just await everybody else to sort of like participate there we go Chicago too well um so whil we’re doing that I’m waiting for everyone to sort of join I’ll simply run us through the agenda um today we are going to discuss employing Skill brand-new greater Info Management termination compliance and automation wow the chat has got actually truly busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely everywhere which is wonderful so uh I’m hoping that we’re actually going to have some truly excellent commentary and concerns throughout the uh the webinar as well alright so that’s the agenda then what I ‘d like to Now cover is the the compliance and the Privacy side of things so the the Journey of a staff member and their information is How To Switch From Sage Accounts To Papaya Global multifaceted without fail and an.

Ever evolving relationship that begins the moment an individual signs up with a company it continues throughout their work and Beyond this journey can be divided into k to numerous crucial phases whilst we’re really you understand that they’re utilized with us so on boarding daily operations payment and advantages expert development then we get to the offboarding and even advocacy so it even occurs after the employee has actually left your work throughout the journey organizations are accountable for collecting storing securing staff member data in compliance with information privacy regulations no matter where it is you’re operating all over the world it frequently involves implementing protected information management systems and ensuring strict adherence to regional requirements to secure both the worker and the company the development of employee information and management c.