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 count on the needed multiple procedures systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the difficulties service face when they’re paying to workers or otherwise that’s an excellent concern I always throw this back and state what is it what doesn’t need to be consisted of ideal and what does

it need to be considered there’s differing Bank details so the length of an eye band a swift an account number routing code per country 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 have to pay from the customer’s own in-country account so there’s intricacy anywhere you look right ultimately developing a knowledge base is absolutely critical but everywhere you look with payroll payment they are like very payments no if but some babies about it you are all superheroes processing payments for payroll if you take a look at the kind 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 basic and innovation is permitting us to sort of move on with that it likewise too to contribute to that payroll and finance require to work closer together um with differing Bank Account Details differing banking requirements and setup procedures is definitely imperative that payroll and finance teams work closer together than ever um I’m constantly astonished when individuals state I have actually split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn’t 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 often split and cut up um eventually it’s payroll is an end-to-end procedure it’s the point of information collection all the way through to paying individuals wherever they are but likewise paying statutory authorities and on statutory 3rd parties so with the

world we live in and well-being being a growing number of crucial to add to sort of the level of complexity there’s increasingly more benefits being organ or being provided by services across the world so again you’re simply aiming to add increasingly more payments to this already complex landscape so if you sort of got any experience well I’m from your vast experience here and I’m sure however have you got any experience in kind of genuine challenges or genuine challenging kind of pay uses to play to pay people I think yeah I mean over the last well yeah a couple of decades I would certainly say that the larger an organization gets the more it tends to segregate the payroll and the payments functions um there are groups doing one part of the job there are teams feeding information into the next function as it were that’s in fact managing the payment side of things however you understand in in my opinion and my experience that doesn’t necessarily require to be the case you know long gone are the times where we need to develop additional handoffs while doing sos that we operate 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 age of tech and a period that you understand that we are operating in today there is no reason why we are still making this as challenging as it needs to be concurred and rightly as you stated payroll is the single biggest liability that any service has from a cost viewpoint from an effect point of view on employees 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 detrimental effect on individuals’s wellness and numerous other aspects if people aren’t paid uh I’ve always been astonished coming into this Market sort of the last 5 to ten years is how little thanks the

payroll team get um so I’m unsure anybody on this kind 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 eventually payroll is such an important cycle all of us become aware of it when it goes wrong everybody jumps up and down when it fails however when it goes right it’s simply a tick box exercise and I believe 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 essential that all of this things is done correctly so leveraging the very first Global Payments first payroll payment solution is a terrific initial step um providing an end-to-end payroll solution for your workers internationally again I think is another big um process again aligning and ensuring you have standardization International procedures all of those things are absolutely key to success success of companies and lowering the number of tools platforms and checking account they require for their Worldwide payroll too couldn’t agree with you more and on the the front in regards to of the thank yous for getting payroll done I’ve never ever had a hundred countless them within a payroll cycle don’t anticipate to you do get the odd 5 or 10 or whatever it might be with the with the the complaints where things have not gone rather where they’re suggested to be um I do not think any of us are actually doing that for for the thanks

anyway we know how how essential 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 simple as possible for everyone that’s associated with those procedures and likewise so picture sorry I’m simply I was simply gon na state envision the quantity of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make sure we’re talking about hundreds of thousands potentially Millions envision getting that many thank you keeps in mind um I indicate it ‘d be interesting to see the number of Post-it notes you got however it would certainly 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 try to check out them and actually see what was going on and sort of shot to get back to everyone so moving on look why do business select to primary different savings account there are companies out there doing precisely this for particular nations and I have actually operated in a business or lots of businesses doing exactly that I can state it does not constantly feel effective and it does develop more work I understand we’re not deliberately doing that we’re not producing additional work for any person where we don’t have to and anybody that’s handling that process I ‘d be interested to hear your thoughts Johnny why do you believe that we’re doing that in in the in the amount that we are I think numerous reasons one is it’s the requirement I believe individuals have actually got so used to we require a brand-new checking account we open an entity and appropriately so you need it for payroll purposes however there are a number of markets where it’s not a requirement so I believe it’s just been the requirement and the standard the people have actually embraced and continue to do over years and years gone past to contribute to that people have taken a look at things like trust accounts and lots of other ways um to to kind of do it so I think there’s a range I believe this is a procedure that requires looking at it needs changing but eventually individuals are extremely stuck to what they recognize

with best um change is a challenging thing we all don’t like modification um so I think it’s just sort of moving far from the norm 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 multiple bank accounts but there’s a huge quantity of intricacy chooses establishing a checking account maintaining it guaranteeing it can send International transfers ensuring it’s established with the right user accesses for private people so the complexity is big however I think the honest response is modification um individuals have not had the ability to alter or have not had always the knowledge to actually make that change into alternate Solutions aside from opening a checking account I believe you’ve struck the nail on the head I think it is knowledge you know and there is a component of resistance to alter but we have actually constantly done it that way is no real excuse for not looking at the the advantages and the possibilities of moving on and moving into you understand what could practically be figured out to be the next Century approximately there is a lot to keep an eye on and this method does pose several challenges um so Johnny might you tell

 

 

Cost Factors to consider and How To Switch From Sage Accounts To Papaya Global …
The thorough features of come at an expense,

 

Over the past few years, the labor force has actually undergone a significant transformation with the introduction of remote work, which has gotten rid of geographical restraints on hiring. This has enabled services to hire skill from all over the world, allowing them to assemble the best possible team for each function. As a result, workers have actually gotten higher versatility to work from home and increase their earnings without having to move to costly locations or commute long distances. According to a 2022 study, 87% of employees who have the alternative to work remotely pick to do so. The COVID-19 pandemic, combined with developments in enterprise connectivity software, has actually even more sped up the shift towards remote work, even in industries that were initially reluctant to embrace the trend.

insights are important to us and and your fellow attendees so first things initially though um let’s get to know everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had roles in all sort of Industries retail and Charm to Aerospace in all types of companies startup to matrixed environments across the globe I offered management and technique to populations of more than 100,000 staff members on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya

International I work across the business guy maning and developing external relationships supporting Enterprise customers and services and acting as an advisor I ‘d like to present our first Greg um visitor Greg who will kick things off by informing us um who he is and a 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 business counsil at bambo HR so I lead our in-house legal team and really work really closely with our um HR department also to deal with different legal and HR matters that turn up so truly excited to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our mission is to set you as HR specialists free to do fantastic

Application Challenges:
Although Papaya Global offers integrations with different HR and financing systems, we came across some hurdles during the integration procedure. Personalizing the software application to line up with our existing infrastructure showed to be more intricate than anticipated, leading to delays in the preliminary rollout.

Rates Concerns:
The substantial features used by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be prohibitively expensive. As a worldwide organization, we needed to thoroughly weigh the need for advanced functionality versus budget restraints.

Support Response Time:
On occasion, our teams experienced issues that needed immediate assistance. However, the action time from Papaya Global’s consumer support team was not constantly as timely as we would have liked, resulting in hold-ups in solving those problems.

Our application of included a phased method. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This enabled us to determine and deal with integration challenges early on. As the software became more instilled in our operations, we gradually broadened its use to cover our entire global workforce.

The automated functions structured our payroll processes, reducing the time spent on manual estimations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our teams become competent users of the software application, maximizing its capacity for our company.

However, paying a workforce can be intricate. It is particularly challenging for business who employ personnel across numerous nations, as they need to continuously consolidate various information streams, manually track regional and national labor and policies, and invest valuable time and resources to establish regional entities in brand-new areas. These business are confronted with suboptimal, pricey choices, like opening a foreign subsidiary or hiring a professional work company, which is a regional firm that hires employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported difficulty recruiting certified personnel, an increase of 21% from 2019. The payroll & HR solutions market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.

uses a service supporting all types of work. It offers an end-to-end platform, from staff member onboarding and continuous management to worldwide payments and. It assists companies with labor law compliance in the jurisdictions in which they run, offers management of work benefits, and guarantees 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 expert in payroll and labor force management. She co-founded after seeing the technology gap in international.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to participate in the complete webcast in order to get your credits if you have any concerns during the webcast please click the Q&A tab in your webinar controls and type the there a new tab will open in your browser with the webcast study please make certain to finish it as soon as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hi and thank you for joining us today we’re enjoyed have you here as we start a journey of information to regulation attaining

360 degree worker compliance where we’ll dive into the essential aspects of the staff member compliance management model throughout the session we’ll check out real world difficulties genuine local guidelines best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your organization and workers while staying certified in an

Ever evolving regulative environment in the everchanging world of service and financing ensuring compliance with payroll guidelines is not just vital but likewise a legal vital from the minute of employing to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance risks that have far-reaching repercussions nevertheless with a deeper more nuanced understanding of their obligations organizations can not only navigate the detailed landscape however also proactively ensure this 360 degree compliance the webinar is designed to equip you with the understanding and tools necessary to navigate the complex Surface of compliance whether you’re an experienced P expert a small business owner or somebody brand-new to the field what I want to do before we begin and I think it’s really essential

In our quest to enhance effectiveness and accuracy in managing our international labor force, our international corporation turned to, a leading and workforce management software application. The transition intended to streamline the complex job of managing across numerous countries, currencies, and compliance regulations.

The Good:

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

is to state that the content here is illegal advice it is just for your details please consult your legal team needs to you have any questions or concerns in relation to anything that we have actually discussed today our secret take essential takeaways by the end of the webinar will be an understanding of staff member compliance risks how to work with ly with confidence how to streamline data management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we’ve.

work as your hris or is type of your core staff member record um to manage that staff member life process throughout their Journey with you as as an employee in addition to a payroll module we have to help you pay those employees and compensate them and benefits Administration module that allows you to assist handle the advantages you provide to your employees so truly thrilled to be here represent um bamb booy container and discuss this topic um and I think from my viewpoint I’ll I’ll probably provide a great deal of a focus on the US side of things when we speak about kind of compliance so pleased to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a little bit about papay international yes absolutely thank you Ian hello everyone I’m Gina dorelis I’m the Employment professional manager.

at I handle the work Council in the US APAC EMA and Israel area I likewise work as us Council for I’m accredited in New york city and New Jersey um we guarantee compliance onboarding and offboarding of employees with regard to papaya we offer payroll payments and workforce management as a Service labor force provider to employees serving in over.

160 nations alright thank you so both I feel completely underqualified sitting here with you both well I forgot to discuss as we were type of like going through the intro so it’s really really great to in fact see in the webinar chat where everybody’s in fact attending from today I can see that we have individuals in Las Vegas and Indiana already so if you wish to carry on tell where you are that would be definitely fantastic whilst we just wait for everyone else to sort of like participate in there we go Chicago also well um so whil we’re doing that I’m awaiting everyone to kind of join I’ll just run us through the program um today we are going to go over employing Skill brand-new higher Info Management termination compliance and automation wow the chat has actually got truly truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely all over which is fantastic so uh I’m hoping that we’re really going to have some actually terrific commentary and questions throughout the uh the webinar as well okay so that’s the program then what I wish to Now cover is the the compliance and the Privacy side of things so the the Journey of an employee and their information is How To Switch From Sage Accounts To Papaya Global complex without fail and an.

Ever developing relationship that starts the minute an individual signs up with an organization it continues throughout their employment and Beyond this journey can be divided into k to a number of essential stages whilst we’re in fact you understand that they’re used with us so on boarding everyday operations payment and advantages expert development then we get to the offboarding and even advocacy so it even happens after the staff member has actually left your work throughout the journey companies are accountable for collecting keeping safeguarding worker information in compliance with data personal privacy guidelines no matter where it is you’re operating around the world it typically includes implementing secure data management systems and making sure rigorous adherence to local requirements to protect both the worker and the organization the development of staff member data and management c.