Brightpay Payroll Migrate Papaya Global 2024 – All You Need To Know

Payroll and payments  run smoothly …Brightpay Payroll Migrate Papaya Global

 

if they depend on the necessary multiple procedures systems and partners it is just not possible so Johnny from a payments point of view and in your experience what else requires to be factored into the difficulties organization face when they’re making payments to employees or otherwise that’s a great question I constantly toss this back and state what is it what does not need to be included ideal and what does

it require to be thought about there’s varying 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 need to pay from the customer’s own in-country account so there’s complexity any place you look ideal eventually developing a knowledge base is absolutely important however everywhere you look with payroll payment they are like super payments no if however 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 move forward with that it also also to contribute to that payroll and finance need to work closer together um with differing Bank Account Details differing banking requirements and setup procedures is definitely imperative that payroll and financing teams work more detailed together than ever um I’m always surprised when people say I have actually 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 calculation I would say no so why do we as a market accept that why our payroll and payments so frequently split and cut up um ultimately it’s payroll is an end-to-end procedure it’s the point of data collection all the way through to paying individuals wherever they are however also paying statutory authorities and on statutory third parties so with the

world we reside in and wellness being a growing number of essential to contribute to type of the level of intricacy there’s more and more advantages being organ or being offered by businesses across the world so again you’re just aiming to add a growing number of payments to this already complex landscape so if you type of got any experience well I’m from your vast experience here and I make certain however have you got any experience in kind of genuine challenges or real tough kind of pay uses to play to pay people I believe yeah I suggest over the last well yeah a couple of decades I would definitely say 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 job there are teams feeding details into the next function as it were that’s really 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 understand long gone are the times where we need to produce additional handoffs in the processes that we operate in they simply make them more prompt they make them less effective and they do not make them what they need to be in in an era of tech and a period that you understand that we are operating in today there is no reason we are still making this as difficult as it needs to be concurred and rightly as you stated payroll is the single biggest liability that any company has from a cost perspective from an impact point of view on employees it is absolutely vital that it’s done correctly and on time so what we indicate 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 destructive impact on people’s wellness and lots of other elements if people aren’t paid uh I’ve always been amazed entering into this Market kind of the last five to 10 years is how little thanks the

The payroll group may not have actually been thanked for properly processing payroll during a webinar. If anybody has been thanked, it would be fantastic to hear their success story, whether it’s from all employees or not. Payroll is a crucial cycle, and individuals only discover when things go wrong. However, when things go right, it’s viewed as just a regular job. This is how it’s viewed externally too. For that reason, it is essential to ensure that tasks like Wi-Fi International and other essential matters are done correctly. Using the very first International Payments very first payroll payment option is a terrific initial step towards providing an extensive payroll solution for staff members worldwide. Standardization, global procedures, and minimizing the number of tools, platforms, and checking account required for worldwide payroll are essential consider attaining service success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do periodically get a couple of complaints when things don’t go as planned. Eventually, we don’t do it for the appreciation.

anyway we know how how essential 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 easy as possible for everyone 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 amount of people that we cover within this webinar I’m sure we’re talking about numerous thousands possibly Millions imagine getting that lots of thank you keeps in mind um I indicate it ‘d be interesting to see the number of Post-it notes you got but it would definitely be an interesting job trying to clean all those up for sure oh absolutely 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 browse them and actually see what was going on and type of try to get back to everyone so carrying on look why do business pick to primary separate checking account there are businesses out there doing exactly this for particular nations and I have actually operated in a business or many companies doing exactly that I can state it does not always feel effective and it does develop more work I understand we’re not purposely doing that we’re not developing additional work for anyone where we do not have to and anyone that’s handling that procedure I ‘d be interested to hear your ideas Johnny why do you think that we’re doing that in in the in the amount that we are I think many factors one is it’s the requirement I think individuals have got so used to we require 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 believe it’s just been the requirement and the norm the people have embraced and continue to do over years and years passed by to contribute to that people have taken a look at things like trust accounts and many other methods um to to kind of do it so I think there’s a variety I think this is a process that needs taking a look at it needs changing but ultimately individuals are very stuck with what they recognize

with best um change is a challenging thing all of us don’t like modification um so I believe it’s just sort of moving away from the norm as we have actually said so yeah so it keeps a great deal of track of stuff um I comprehend clearly the benefits of having maintaining several savings account however there’s a huge amount of intricacy goes with establishing a checking account maintaining it guaranteeing it can send International transfers guaranteeing it’s set up with the right user accesses for individual people so the complexity is big however I believe the truthful answer is modification um individuals haven’t been able to change or haven’t had always the knowledge to truly make that change into alternate Solutions aside from opening a checking account I think 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’ve always done it that way is no real excuse for not taking a look at the the benefits and the possibilities of carrying on and moving into you know what might nearly be identified to be the next Century approximately there is a lot to track and this method does posture several difficulties um so Johnny could you tell

 

 

Cost Considerations and Brightpay Payroll Migrate Papaya Global …
The detailed features of come at a cost,

 

Over the past couple of years, the workforce has undergone a considerable change with the development of remote work, which has eliminated geographical restrictions on hiring. This has actually made it possible for businesses to hire talent from all over the world, permitting them to assemble the best possible team for each role. As a result, employees have gained greater flexibility to work from home and increase their profits without needing to transfer to expensive locations or commute fars away. According to a 2022 survey, 87% of employees who have the alternative to work remotely select to do so. The COVID-19 pandemic, combined with developments in business connection software application, has actually further accelerated the shift towards remote work, even in industries that were at first reluctant to adopt the pattern.

insights are important to us and and your fellow guests so first things initially though um let’s get to know everyone my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Beauty to Aerospace in all types of services start-up to matrixed environments around the world I provided management and method to populations of more than 100,000 employees on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya

Global I work across the business guy maning and developing external relationships supporting Business customers and services and acting as an advisor I ‘d like to introduce our first Greg um visitor Greg who will kick things off by telling us um who he is and a bit more about bamboo HR Greg over to you thanks Ian yeah as Ian stated my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our internal legal team and actually work extremely carefully with our um HR department also to deal with numerous legal and HR matters that show up so truly delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our objective is to set you as HR professionals totally free to do terrific

Implementation Obstacles:
Although Papaya Global provides integrations with various HR and finance systems, we experienced some difficulties during the integration process. Personalizing the software to align with our existing facilities showed to be more complicated than anticipated, resulting in hold-ups in the initial rollout.

Pricing Issues:
The substantial functions offered by Papaya Global come at a cost, which some of our smaller subsidiaries discovered to be prohibitively costly. As an international organization, we needed to carefully weigh the requirement for innovative performance versus spending plan restrictions.

Support Response Time:
On occasion, our teams experienced issues that needed urgent support. Nevertheless, the action time from Papaya Global’s customer assistance team was not constantly as prompt as we would have liked, leading to hold-ups in solving those problems.

Our application of included a phased technique. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This permitted us to identify and address combination difficulties early on. As the software became more implanted in our operations, we gradually expanded its usage to cover our entire international labor force.

The automated features structured our payroll processes, lowering the time invested in manual calculations and compliance tracking. Regular training sessions and ongoing support from Papaya helped our teams end up being skilled users of the software application, maximizing its potential for our organization.

Business that employee workers across numerous nations frequently face complex difficulties when it concerns handling their workforce. One of the greatest obstacles is consolidating various data streams and adhering to diverse local and nationwide labor guidelines, which can be both lengthy and pricey. Furthermore, establishing local entities in brand-new areas can be an expensive and suboptimal alternative, with options such as opening a foreign subsidiary or employing an expert employment organization (PEO) typically charging up to 15% of the payroll. These challenges have actually resulted in a considerable increase in trouble recruiting qualified personnel, with 75% of companies reporting this problem in 2022, a 21% increase from 2019. The payroll and HR options market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

provides a service supporting all types of work. It supplies an end-to-end platform, from worker onboarding and ongoing management to international payments and. It assists business with labor law compliance in the jurisdictions in which they operate, uses management of work advantages, 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 workforce management. She co-founded after seeing the technology space in global.

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 concerns throughout the webcast please click on the Q&A tab in your webinar controls and type the there a brand-new tab will open in your web browser with the webcast study please be sure to finish it as quickly as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hey there and thank you for joining us today we’re enjoyed have you here as we start a journey of information to guideline attaining

360 degree staff member compliance where we’ll dive into the necessary elements of the worker compliance management design throughout the session we’ll explore real life challenges real local policies finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your company and staff members while remaining certified in an

Ever evolving regulative environment in the everchanging world of company and finance making sure compliance with payroll guidelines is not just important but likewise a legal essential from the minute of working with to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance risks that have significant effects nevertheless with a deeper more nuanced understanding of their commitments organizations can not just navigate the complex landscape however likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools required to browse the complex Surface of compliance whether you’re a seasoned P professional a small company owner or somebody new to the field what I would like to do before we start and I think it’s truly crucial

In our mission to improve performance and accuracy in managing our global workforce, our multinational corporation turned to, a leading and labor force management software application. The shift aimed to simplify the complex job of managing throughout numerous countries, currencies, and compliance policies.

The Great:

Compliance Management:
One of the standout functions of is its robust compliance management system. The software application instantly updates itself to adhere to ever-evolving tax and labor laws across numerous jurisdictions. This has been vital in ensuring that our processes remain certified in each nation of operation.

is to state that the content here is illegal suggestions it is merely for your info please consult your legal team needs to you have any questions or issues in relation to anything that we have actually gone over today our key take crucial takeaways by the end of the webinar will be an understanding of employee compliance dangers how to work with ly with self-confidence how to streamline information management and automation so let’s take ourselves a moment to acquaint ourselves with the webinar platform once again as we’ve.

act as your hris or is sort of your core staff member record um to manage that employee life cycle throughout their Journey with you as as a worker in addition to a payroll module we have to help you pay those workers and compensate them and advantages Administration module that permits you to assist handle the benefits you provide to your workers so truly delighted to be here represent um bamb booy jar and speak about this topic um and I think from my perspective I’ll I’ll probably supply a lot of a concentrate on the US side of things when we talk about sort of compliance so pleased to be here thanks for having me Ian okay thanks Greg um Gina over to you would you like to present yourself and inform the audience a little bit about papay global yes definitely thank you Ian hello everybody I’m Gina dorelis I’m the Work expert manager.

at I handle the work Council in the United States APAC EMA and Israel area I also serve as us Council for I’m certified in New york city and New Jersey um we ensure compliance onboarding and offboarding of employees with regard to papaya we provide payroll payments and labor force management as a Service labor force service provider to employees serving in over.

160 countries alright thank you so both I feel entirely underqualified sitting here with you both well I forgot to point out as we were sort of like going through the intro so it’s really truly good to in fact see in the webinar chat where everyone’s actually attending from today I can see that we have people in Las Vegas and Indiana already so if you wish to carry on inform where you are that would be definitely wonderful whilst we simply wait for everybody else to kind of like participate there we go Chicago as well well um so whil we’re doing that I’m waiting for everyone to kind of join I’ll just run us through the program um today we are going to go over employing Talent new higher Details Management termination compliance and automation wow the chat has got actually really busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely all over which is wonderful so uh I’m hoping that we’re in fact going to have some truly great commentary and concerns throughout the uh the webinar as well alright so that’s the program 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 Brightpay Payroll Migrate Papaya Global complex without fail and an.

Ever developing relationship that starts the moment an individual signs up with a company it continues throughout their work and Beyond this journey can be divided into k to a number of crucial stages whilst we’re in fact you understand that they’re used with us so on boarding everyday operations payment and advantages professional advancement then we get to the offboarding and even advocacy so it even happens after the worker has actually left your employment throughout the journey organizations are accountable for gathering keeping safeguarding employee data in compliance with information privacy regulations no matter where it is you’re running worldwide it typically involves executing safe data management systems and making sure rigorous adherence to regional requirements to safeguard both the worker and the company the evolution of staff member data and management c.