Papaya Global Cloud Demo 2024 – All You Need To Know

A CFO’s Viewpoint on Papaya Global Cloud Demo…

The platform makes it possible for companies to handle their worldwide labor force and abide by local work guidelines and tax laws. Papaya Global offers a range of services, including payroll management, advantages administration, compliance management, time and participation tracking, and HR management. The platform is designed to streamline the complexities of international payroll and provide real-time presence and control over payroll operations. The company was founded in 2016 and is headquartered in Tel Aviv, Israel, with offices in New york city, London, and Kiev.

In the dynamic landscape of international organization operations, handling payroll throughout borders can be a complex and challenging task. As the Chief Financial Officer (CFO) of a worldwide business, I understand the crucial value of effective and compliant payroll management. In our pursuit of excellence, we have embraced innovative services to enhance our procedures, and one such transformative tool is Software.

The Challenge of International Payroll:

Global expansion produces varied challenges, and payroll management is no exception. Differing tax guidelines, varying employment laws, and numerous currencies make it imperative for organizations to adopt advanced solutions to ensure accuracy, compliance, and efficiency in payroll processing.

Software application: A Comprehensive Service:

It is essential to consider and include post-termination restrictions in the employment contract to guarantee enforceability. You must thoroughly determine what you are seeking to protect and plainly specify the confidential information that falls within its scope. Additionally, specify the period of the post-termination restriction and be prepared to validate it in relation to copyright. The rules regarding copyright vary depending upon the type of IP and the jurisdiction. For example, in the Netherlands, completion client is likely to have copyright rights over works produced by workers under their supervision, while in Poland, contractual task may be essential.

Papaya Global Software has become a game-changer in the world of global payroll management. Its cloud-based platform integrates payroll, workforce management, and employee benefits into a single, easy to use user interface. As the CFO, I have seen firsthand the favorable impact of on our company’s financial operations.

Unified International Payroll Processing:
enables our business to procedure payroll perfectly across several nations. The platform’s unified approach permits consistent payroll computations, reducing mistakes and ensuring compliance with regional policies. This has actually significantly alleviated the dangers associated with global payroll processing.

likewise key for if in the future someone states misclassification you have your file supported by the requisite files which the ideal examination tools to show someone that you had a thoughtful process therefore what do you have to include in that process it’s the who the what the where and the when who are you handling are you dealing with an individual or are you dealing with a personal Service Corporation and how are they operating what are they doing is it the type of work that lends itself more to being an independent specialist than a staff member so for example accounting

I.T crafting the creatives these all provide themselves more to that assessment of being freelancer you understand likewise uh where are they doing it can they work from anywhere or do they need to be on website and handled again another essential aspect is the management and guidance of the uh employee and after that lastly when is it a specific project is it a six-month job 6 years all of this is workable however it needs to be recorded and it needs to be thoroughly um examined so we have a tool we call it ic2 we had an ic1 and we have actually enhanced it this year so that we can roll it out internationally these tools take a questionnaire list for the worker the employee submits and fills these concerns out and so does completion customer or the recipient of the services they both put their info into the tool and then it does an assessment waiting the different questions due to the fact that not every jurisdiction has the very same sensation about a few of these questions some believe they’re more vital than others and it brings out a red yellow or green red you’re most likely an employee yellow you’re on the cusp we can most likely assist you with that in terms of a few of the things you require to reinforce to ensure that you are considered that evaluation of uh independent contractor or green where you were evaluated as an as a independent professional once that assessment is done all the requisite documents are beneath it so that if in the future there

Automated Compliance:
Navigating the complexities of international work laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our organization up-to-date with changes in guidelines throughout jurisdictions. This ensures that our payroll processes comply with the current standards, minimizing the risk of non-compliance and associated charges.

network of In-House outside advisors accounting companies and legal firms who help us keep our databases completely up to date and we also get in touch with we need to when we see an uncommon or or especially complicated scenarios alright thanks Steve I can just see a fast concern in the Q a window yes the session will be recorded and sent out to attendees later on um moving back to to the webinar itself Ray employer of record is managed in a different way all over the world and the German law for instance it’s classed as worker leasing can you shed any light on some of the special factors to consider for nations and where the eor model isn’t managed yes Ian staff member leasing or labor leasing as it’s also called which prevails in a number of countries specifically in Europe imposes strict regulations on items such as the length of task it also appoints employees to collective bargaining agreements that gives them rights and benefits however even in the countries that do not have those strict regulations for example the UK Canada and the nordics there are regulations for each nation and each worker is treated the same as all the other workers because country and all those policies need to be complied with okay thank you Ray um Kathy moving I would state to yourself what do companies require to consider when figuring out agreement status to safeguard themselves and the rights of hires what are the pros and cons of hiring specialists and Freelancers versus irreversible employees so obviously the the advantage of contractors versus staff members is the the flexibility for both the worker and for the company um however I can’t worry enough how essential it is to have a constant thorough and a well-documented compliance

Effectiveness

Papaya Global Cloud Demo and Time Savings:

The software application’s automation abilities have actually considerably lowered the time and effort required for payroll processing. Handbook information entry and repeated jobs have actually been minimized, allowing our financing group to focus on tactical efforts instead of administrative burdens. This has led to increased performance and productivity within our monetary operations.

in one because each state has its own regulations Californians are some of the most strict an example is pay slips on a payslip in California the best info has to be on the payslip in the ideal format and in the ideal position if you’re in breach of of guidelines for payslips the fines are released per payslip so that’s each worker each pay slip will sustain a great thanks Ray thank you Elizabeth a lot to stress to think about and we’re just 2 concerns in and 10 minutes or so working with in one nation is difficult enough but when hiring in a you know on an international level it’s an entirely different story you need to ensure that you depend on date with current as well as pending regional labor laws Steve um how do you ensure and ensure that individuals 2.0 group is on top of an ever-changing landscape which your clients are totally supported and I’ll organize this into 3 crucial things we do in most importantly you need to have the ideal group so we hire a team of global specialists in Employment Practices um that ex that group of specialists consists of legal representatives it consists of payroll specialists it includes HR specialists and these are people that not just know the laws in these in these nations and areas but they also understand the languages they understand the local practices they know the cultures and it is very important to have that best group and really have the group on the ground uh working with cl

Real-time Analytics and Reporting:

Papaya Global offers detailed real-time analytics and reporting tools. As a CFO, having access to precise and prompt monetary information is essential for decision-making. The platform’s reporting capabilities empower me to make informed strategic decisions based on real-time insights into our worldwide payroll data.

application and its scope and the manner in which it applies to employment law in practice can be evaluated through the judicial system by way of case law examples of that would be the obtained rights regulation otherwise called the 2p guidelines in the UK the working time policies which has actually had different hairs of that legislation evaluated especially around vacation pay and of course as Kathy’s going to come on to discuss later employment status which there’s been several precedence set over the years so I think it’s actually that consistent development of the employment law landscape that you actually require to navigate when when working in Europe fine thank you Elizabeth Ray what about you from your personal experience while crossing the pond as discussed each nation has various regulations but the United States is basically 50 nations

Scalability for Service Development:
Among the standout features of Papaya Global is its scalability. As our company continues to grow and broaden into brand-new markets, the software seamlessly accommodates changes in our labor force and payroll requirements. This scalability makes sure that our payroll facilities can adjust to the progressing requirements of our worldwide organization.

Global Chief legal officer we have actually got Elizabeth Beal who is our primary legal officer for Amia and we have actually got Ray Gander who is our senior vice president of customer service and I would say individually and jointly these 3 individuals have Decades of experience in in work law and international Work Practices so thank you it’s a pleasure to be with everybody here today seems like we have actually got the right people with us today and in in addition to to those well we also have among our own Stars erase share head of Global Services at papaya Worldwide tell us about yourself thank you Elin Ian hey there my name is Elite I’ve been with the business for around four and a half years as head of Collaborations I have developed Papaya’s network of in-country Partners in over 160 areas on an individual element and related to our subject today I’ve had the chance to transfer and work in 3 various countries it is the company’s obligation to ensure my security while residing in a foreign nation compliance with regional laws and policies is important for me or anyone else as an expat or as a local so today we have invited our trusted Partners people 2.0 to demonstrate the significance of regional

know-how when business Go International thank you and enjoy fine thank you as I said let’s carry on to the pact program today’s webinar is an opportunity to ask the panel the questions you have actually been considering we’ll go over the facts a business needs to think about when opening a new entity and expanding into brand-new countries in addition to keeping things going we’ll cover aspects such as local regulations factors to consider when working with compliance essential difficulties payments and what not to do it is among the most crucial things remembering what not to do um operating on an international level is not for the faint-hearted the larger a company grows the more they need to comprehend and handle knowing what to do in each new situation as it increases is important on numerous levels comprehending regional guidelines and local laws along with service practices helps mitigate Associated and worldwide expansion papaya through our regional specialists can navigate potential risks such as intellectual property protection information privacy security problems ensuring the business’s operations stay compliant and protected tax Social Security returns and remittances vary by nation

In conclusion, Papaya Global Software application has actually shown to be an indispensable property in our mission for effective and certified international payroll management. As the CFO of a worldwide company, I am confident in recommending Papaya Global to companies looking for to simplify their payroll procedures, boost compliance, and accomplish greater effectiveness in handling their worldwide labor force. The software’s innovative features and dedication to excellence align with our tactical objectives, making it an important part of our financial operations.

I discover time and time again the employees often misclassified unknowingly they do not understand the conditions of employment or agreement and are informed by the client why it’s most advantageous primarily to the customer why you need to be employed or taken part in this fashion the worker might owe taxes and Social Security to the authorities the future pension and healthcare advantages of the employee can be impacted and several times it can be years before this all falls out and by that time it’s far too late years have gone by they have not contributed to pensions And so on so it’s a huge effect that they never ever knew they were strolling into you couldn’t agree with you more if you state the UK for example hmrc can return as much as 10 years um Kathy companies are taking out insurance coverage versus misclassification however typically premiums are just covering the cost of legal costs whilst the average claim assessed versus employers relates to to 40 or half of the base salary of employee is there any point in getting insurance coverage and what is the alternative yeah to your point um you do require to read the small print it is not covering the taxes charge and interest in many cases I have not seen it at least so uh the the other location that I do think if you managed to get the protection what we are saying is is that if your compliance program is not up to pack you could be denied coverage on the basis of the reality that you were not in compliance with laws um in the UK

 

 

Cost Factors to consider and Papaya Global Cloud Demo …
The thorough features of come at an expense,

 

Recent decades have actually seen a remarkable modification to the workforce as the increase of remote work has actually broken down geographical barriers to hiring. Businesses can now employ staff from anywhere worldwide, enabling them to access the best readily available skill for any given function. This provides employees more freedom to work from home and increase their earnings without moving to expensive areas or commuting cross countries. A 2022 survey found that 87% of workers who have the opportunity to work from another location take that chance. The outbreak of COVID-19, in conjunction with brand-new enterprise connection software application, sped up the transfer to remote work, including in industries previously hesitant to welcome the pattern.

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 have actually operated in payroll for the last 25 years I have actually had roles in all sort of Industries retail and Beauty to Aerospace in all types of organizations startup to matrixed environments around the world I supplied management and strategy to populations of more than 100,000 employees on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya

Global I work throughout business man maning and developing external relationships supporting Enterprise clients and solutions and serving as a consultant I wish 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 stated my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our in-house legal team and in fact work really carefully with our um HR department also to deal with numerous legal and HR matters that show up so truly thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we say our mission is to set you as HR professionals free to do great

Execution Challenges:
Although Papaya Global supplies combinations with various HR and finance systems, we experienced some obstacles during the combination procedure. Customizing the software application to align with our existing infrastructure proved to be more complex than prepared for, leading to hold-ups in the initial rollout.

Rates Concerns:
The extensive functions offered by Papaya Global come at an expense, which a few of our smaller subsidiaries discovered to be prohibitively expensive. As an international organization, we had to carefully weigh the need for innovative functionality versus budget plan restrictions.

Support Reaction Time:
On occasion, our groups experienced issues that required immediate help. Nevertheless, the response time from Papaya Global’s consumer support team was not always as prompt as we would have liked, leading to hold-ups in fixing those concerns.

Our execution of included a phased technique. We started by onboarding a couple of subsidiaries to check the system’s compatibility with our existing procedures. This allowed us to identify and attend to combination obstacles early on. As the software application became more ingrained in our operations, we gradually expanded its usage to cover our entire worldwide workforce.

The automated functions structured our payroll procedures, reducing the time invested in manual computations and compliance tracking. Routine training sessions and continuous support from Papaya helped our teams become competent users of the software, maximizing its potential for our organization.

Nevertheless, paying a labor force can be complicated. It is particularly challenging for business who use personnel throughout numerous countries, as they should constantly consolidate various information streams, manually track local and nationwide labor and guidelines, and spend valuable time and resources to set up local entities in new locations. These companies are confronted with suboptimal, costly choices, like opening a foreign subsidiary or employing a professional employment company, which is a regional company that works with staff members on their behalf and can charge up to 15% of. By 2022, 75% of companies reported difficulty recruiting certified workers, an increase of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.

offers a solution supporting all forms of employment. It offers an end-to-end platform, from employee onboarding and continuous management to international payments and. It assists business with labor law compliance in the jurisdictions in which they operate, offers management of employment benefits, and ensures information personal privacy in compliance with GDPR.

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

papaya this webcast has 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 questions during 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 internet browser with the webcast study please make sure to complete it as soon as the webcast has 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 embark on a journey of information to regulation attaining

360 degree staff member compliance where we’ll dive into the important aspects of the worker compliance management design throughout the session we’ll check out real world difficulties genuine local regulations best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your company and employees while staying certified in an

Ever progressing regulative environment in the everchanging world of organization and financing ensuring compliance with payroll policies is not only vital however also a legal imperative from the minute of employing to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance dangers that have far-reaching effects however with a much deeper more nuanced understanding of their obligations companies can not just navigate the detailed landscape however also proactively ensure this 360 degree compliance the webinar is created to equip you with the understanding and tools essential to browse the complex Terrain of compliance whether you’re a skilled P professional a small business owner or someone brand-new to the field what I want to do before we start and I think it’s truly essential

In our mission to improve effectiveness and precision in handling our worldwide workforce, our multinational corporation turned to, a leading and labor force management software. The transition aimed to simplify the complex task of handling across different nations, currencies, and compliance guidelines.

The Excellent:

Compliance Management:
Among the standout functions of is its robust compliance management system. The software application immediately updates itself to stick to ever-evolving tax and labor laws across multiple jurisdictions. This has been important in making sure that our procedures remain compliant in each country of operation.

is to state that the material here is not legal suggestions it is just for your details please consult your legal team needs to you have any questions or issues in relation to anything that we’ve discussed today our key take crucial takeaways by the end of the webinar will be an understanding of worker compliance threats how to work with ly with self-confidence how to simplify information management and automation so let’s take ourselves a moment to acquaint ourselves with the webinar platform once again as we’ve.

function as your hris or is sort of your core employee record um to manage that employee life cycle throughout their Journey with you as as an employee in addition to a payroll module we have to assist you pay those staff members and compensate them and advantages Administration module that enables you to assist handle the advantages you provide to your staff members so really excited to be here represent um bamb booy jar and discuss this subject um and I think from my viewpoint I’ll I’ll most likely offer a great deal of a concentrate on the United States side of things when we discuss sort of compliance so happy to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to present yourself and tell the audience a bit about papay international yes absolutely thank you Ian hey there everybody I’m Gina dorelis I’m the Work professional supervisor.

at I manage the work Council in the United States APAC EMA and Israel area I also act as us Council for I’m licensed in New york city and New Jersey um we make sure compliance onboarding and offboarding of employees with regard to papaya we supply payroll payments and workforce management as a Service labor force company to workers serving in over.

160 countries alright thank you so both I feel entirely underqualified sitting here with you both well I forgot to discuss as we were sort of like going through the intro so it’s actually actually good to in fact see in the webinar chat where everyone’s really going to from today I can see that we have individuals in Las Vegas and Indiana already so if you want to continue tell where you are that would be definitely great whilst we just wait for everybody else to type of like participate there we go Chicago too well um so whil we’re doing that I’m waiting for everybody to kind of join I’ll just run us through the agenda um today we are going to go over employing Talent new higher Information Management termination compliance and automation wow the chat has got really truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely everywhere which is fantastic so uh I’m hoping that we’re in fact going to have some truly fantastic commentary and questions throughout the uh the webinar too okay so that’s the agenda then what I want to Now cover is the the compliance and the Personal privacy side of things so the the Journey of a worker and their information is Papaya Global Cloud Demo complex without fail and an.

Ever evolving relationship that starts the moment a person signs up with a company it continues throughout their employment and Beyond this journey can be divided into k to numerous key stages whilst we’re actually you understand that they’re employed with us so on boarding daily operations payment and advantages expert development then we get to the offboarding and even advocacy so it even takes place after the staff member has left your employment throughout the journey companies are accountable for collecting saving protecting worker information in compliance with data personal privacy guidelines no matter where it is you’re operating worldwide it frequently includes executing safe data management systems and ensuring rigorous adherence to local requirements to secure both the worker and the company the evolution of employee data and management c.