A CFO’s Point of view on Will Papaya Global Run Without Sage Accounts…

Papaya Global’s platform simplifies international labor force management for companies, making sure compliance with regional guidelines and tax laws. Their services include payroll processing, advantages administration, compliance oversight, time and participation tracking, and HR support. The platform centralizes international payroll operations, providing services with real-time insights and control. Founded in 2016, Papaya Global has actually broadened to Tel Aviv, New York, London, and Kiev.

In the vibrant landscape of global business operations, handling payroll across borders can be a complex and difficult job. As the Chief Financial Officer (CFO) of a global business, I understand the important value of effective and certified payroll management. In our pursuit of quality, we have actually accepted innovative services to improve our processes, and one such transformative tool is Software application.

The Obstacle of Worldwide Payroll:

International expansion brings about diverse difficulties, and payroll management is no exception. Differing tax regulations, varying employment laws, and multiple currencies make it important for organizations to adopt advanced services to guarantee precision, compliance, and efficiency in payroll processing.

Software: A Comprehensive Solution:

workers so it’s truly essential to guarantee that you have actually thought about from the start any post-termination constraints that you want to take into the contract of work that they’re enforceable so that implies you need to really think about what it is you’re seeking to protect and why plainly Define what’s consisted of within the scope of that confidential information and address the period of restriction post-determination that you want to use and be actually able to to validate that in relation to copyright the position really depends on the kind of copyright you’re aiming to safeguard and likewise the jurisdiction so for example from a copyright perspective in the Netherlands the end client is most likely to have the um copyright rights in a copyright that the workers produced who’s been under their supervision and control automatically nevertheless in someplace like Poland for example that automated right might not exist which task would require to flow through the chain uh contractually so it truly depends on the jurisdiction and the kind of IP okay thank you Elizabeth Steve was remaining on the topic of contracts Miss categorized misclassifying workers

Papaya Global Software has emerged as a game-changer in the world of global payroll management. Its cloud-based platform incorporates payroll, labor force management, and employee benefits into a single, user-friendly interface. As the CFO, I have witnessed firsthand the positive impact of on our company’s monetary operations.

Unified Worldwide Payroll Processing:
enables our business to procedure payroll effortlessly across multiple countries. The platform’s unified approach allows for consistent payroll estimations, lowering errors and guaranteeing compliance with regional regulations. This has considerably reduced the risks associated with worldwide payroll processing.

likewise crucial for if later someone says misclassification you have your file supported by the requisite documents which the ideal assessment tools to show somebody that you had a thoughtful process therefore what do you need to include because process it’s the who the what the where and the when who are you handling are you handling an individual or are you handling a personal Service Corporation and how are they running what are they doing is it the kind 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 lend 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 have to be on website and managed once again another key aspect is the management and guidance of the uh worker and after that lastly when is it a specific project is it a six-month task six years all of this is manageable however it needs to be documented and it needs to be thoroughly um investigated so we have a tool we call it ic2 we had an ic1 and we have actually improved it this year so that we can roll it out globally these tools take a survey list for the employee the employee submits and fills these concerns out and so does completion customer or the recipient of the services they both put their details into the tool and then it does an evaluation waiting the various questions since not every jurisdiction has the exact same feeling about some of these questions some think they’re more crucial than others and it comes out with a red yellow or green red you’re most likely a worker yellow you’re on the cusp we can probably assist you with that in terms of some of the important things you need to reinforce to ensure that you are considered that examination of uh independent specialist or green where you were evaluated as an as a independent professional once that examination is done all the requisite files are beneath it so that if in the future there

Automated Compliance:
Navigating the intricacies of worldwide employment laws and tax guidelines can be overwhelming. Papaya Global’s automated compliance engine keeps our company updated with changes in policies throughout jurisdictions. This makes sure that our payroll processes abide by the most recent requirements, decreasing the danger of non-compliance and associated charges.

network of In-House outside advisors accounting companies and legal companies who help us keep our databases completely as much as date and we likewise call on we need to when we see an uncommon or or especially complex circumstances okay thanks Steve I can just see a quick question in the Q a window yes the session will be recorded and sent to participants later on um moving back to to the webinar itself Ray company of record is regulated in a different way around the world and the German law for instance it’s classified as employee leasing can you shed any light on a few of the special factors to consider for nations and where the eor design isn’t controlled yes Ian employee leasing or labor leasing as it’s also called which is prevalent in a number of countries particularly in Europe enforces stringent guidelines on products such as the length of assignment it also assigns workers to collective bargaining arrangements that provides rights and advantages but even in the countries that don’t have those strict regulations for instance the UK Canada and the nordics there are guidelines for each nation and each worker is treated the same as all the other employees in that nation and all those regulations need to be followed fine thank you Ray um Kathy moving I would say to yourself what do business require to consider when figuring out agreement status to safeguard themselves and the rights of hires what are the advantages and disadvantages of employing contractors and Freelancers versus long-term staff members so obviously the the benefit of contractors versus staff members is the the versatility for both the worker and for the company um however I can’t stress enough how essential it is to have a consistent comprehensive and a well-documented compliance

Performance

Will Papaya Global Run Without Sage Accounts and Time Cost Savings:

The software’s automation abilities have actually significantly lowered the time and effort required for payroll processing. Manual information entry and repeated tasks have actually been reduced, permitting our financing team to concentrate on tactical efforts instead of administrative problems. This has resulted in increased performance and performance within our monetary operations.

in one considering that each state has its own policies Californians are a few of the most strict an example is pay slips on a payslip in California the best info needs to be on the payslip in the ideal format and in the best position if you remain in breach of of regulations for payslips the fines are provided per payslip so that’s each worker each pay slip will incur a fine thanks Ray thank you Elizabeth a lot to stress to think of and we’re only 2 questions in and 10 minutes or two employing in one nation is hard enough but when working with in a you know on a global level it’s a totally various story you require to ensure that you’re up to date with existing along with pending local labor laws Steve um how do you make certain and make sure that the people 2.0 group is on top of an ever-changing landscape and that your customers are totally supported and I’ll arrange this into three crucial things we carry out in most importantly you need to have the best team so we employ a group of international experts in Employment Practices um that ex that group of professionals consists of attorneys it consists of payroll specialists it includes HR specialists and these are individuals that not just understand the laws in these in these nations and regions however they likewise know the languages they understand the regional practices they know the cultures and it is necessary to have that best team and truly have the team on the ground uh dealing with cl

Real-time Analytics and Reporting:

Papaya Global offers detailed real-time analytics and reporting tools. As a CFO, having access to accurate and prompt financial information is crucial for decision-making. The platform’s reporting abilities empower me to make educated strategic choices based upon real-time insights into our worldwide payroll information.

application and its scope and the manner in which it applies to work law in practice can be evaluated through the judicial system by way of case law examples of that would be the gotten rights instruction otherwise referred to as the 2p policies in the UK the working time guidelines which has had numerous hairs of that legislation tested particularly around vacation pay and obviously as Kathy’s going to come on to discuss later employment status which there’s been numerous precedence set for many years so I believe it’s really that continuous advancement of the work law landscape that you actually require to navigate when when operating in Europe all right thank you Elizabeth Ray what about you from your personal experience while moving across the pond as mentioned each country has various guidelines but the United States is essentially 50 countries

Scalability for Company Growth:
One of the standout functions of Papaya Global is its scalability. As our business continues to grow and expand into new markets, the software seamlessly accommodates modifications in our workforce and payroll requirements. This scalability makes sure that our payroll infrastructure can adjust to the developing needs of our international company.

Global Chief legal officer we have actually got Elizabeth Beal who is our chief legal officer for Amia and we’ve got Ray Look who is our senior vice president of customer service and I would say individually and jointly these three people have Years of experience in in work law and international Employment Practices so thank you it’s an enjoyment to be with everyone here today seems like we have actually got the right people with us today and in in addition to to those well we likewise have one of our own Stars erase share head of Global Services at papaya Global tell us about yourself thank you Elin Ian hi my name is Elite I’ve been with the business for around 4 and a half years as head of Partnerships 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 have actually had the chance to transfer and operate in 3 different countries it is the company’s duty to guarantee my security while residing in a foreign nation compliance with local laws and policies is crucial for me or anybody else as an expat or as a regional so today we have welcomed our relied on Partners individuals 2.0 to show the value of regional

expertise when business Go Worldwide thank you and delight in okay thank you as I said let’s carry on to the pact agenda today’s webinar is an opportunity to ask the panel the questions you have actually been thinking about we’ll discuss the facts a company requires to think about when opening a new entity and broadening into brand-new countries in addition to keeping things going we’ll cover aspects such as local policies considerations when working with compliance essential difficulties payments and what not to do it’s one of the most crucial things remembering what not to do um operating on a worldwide level is not for the faint-hearted the larger a company grows the more they require to comprehend and manage knowing what to do in each brand-new scenario as it rises is necessary on many levels comprehending local regulations and local laws in addition to service practices helps mitigate Associated and worldwide growth papaya through our regional experts can browse possible risks such as copyright security data privacy security issues making sure the company’s operations remain compliant and protected tax Social Security returns and remittances differ by nation

In conclusion, Papaya Global Software has proven to be an important asset in our quest for efficient and certified worldwide payroll management. As the CFO of a global business, I am positive in recommending Papaya Global to companies seeking to streamline their payroll processes, enhance compliance, and achieve greater performance in handling their worldwide workforce. The software’s ingenious features and dedication to excellence line up with our strategic goals, making it an integral part of our financial operations.

publicly revealed and it was 100 million dollar settlement that Uber made with the state of New Jersey one state in addition to the publicly announced settlements there’s also considerable legal expenses there’s there’s other penalties there’s other costs behind that also so the overall expense can be extremely considerable in the 10s of countless dollars or more and and those quantities are growing uh the reason that companies are getting it so incorrect is really simply the rules are complicated and they’re altering all the time think ir-35 in the UK which has been a continuous development for numerous years now and and still a lot of unpredictability among companies on what it truly means and how you deal with it most companies are just not aware of the guidelines and and act as if the the rules are the same all over which they’re not so so motivate you to to be really proactive as you’re engaging uh employees from a classification point of view alright thank you Stephen and moving back to yourself Ray it’s not only the business that suffers in the long run what effects can this have on the employee Will Papaya Global Run Without Sage Accounts particularly when it pertains to their own tax liabilities social security and benefits for instance jury and undoubtedly the workers the other side of the coin

I find time and time again the workers frequently misclassified unknowingly they don’t understand the conditions of work or contract and are told by the customer why it’s most advantageous mainly to the customer why you should be employed or participated in this style the worker may owe taxes and Social Security to the authorities the future pension and health care opportunities of the worker 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 big effect that they never understood they were strolling into you couldn’t agree with you more if you state the UK for instance hmrc can return as much as ten years um Kathy companies are taking out insurance versus misclassification but generally premiums are just covering the expense of legal fees whilst the average claim evaluated versus companies equates to to 40 or half of the base salary of employee exists any point in taking out insurance and what is the alternative yeah to your point um you do require to read the small print it is not covering the taxes penalty and interest in many cases I have not seen it at least so uh the the other location that I do believe if you managed to get the coverage 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 fact that you were not in compliance with laws um in the UK

 

 

Expense Considerations and Will Papaya Global Run Without Sage Accounts …
The extensive features of come at a cost,

 

Over the past few decades, the workforce has actually undergone a substantial change with the introduction of remote work, which has removed geographical constraints on hiring. This has actually enabled businesses to hire skill from all over the world, allowing them to put together the very best possible team for each role. As a result, workers have actually gotten higher flexibility to work from home and increase their profits without having to move to expensive locations or commute long distances. According to a 2022 survey, 87% of workers who have the choice to work remotely select to do so. The COVID-19 pandemic, combined with advancements in enterprise connectivity software, has even more accelerated the shift towards remote work, even in industries that were at first hesitant to embrace the trend.

insights are valuable to us and and your fellow participants so first things first though um let’s learn more about everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had functions in all sort of Industries retail and Charm to Aerospace in all kinds of businesses startup to matrixed environments around the world I supplied management and strategy to populations of more than 100,000 staff members on a monthly basis and in over 170 countries today I’m the perel strategist for papaya

Global I work across the business male maning and building external relationships supporting Business customers and options and serving as a consultant I wish to introduce our first Greg um guest 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 business counsil at bambo HR so I lead our in-house legal group and really work really carefully with our um HR department too to deal with various legal and HR matters that turn up so truly thrilled to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we say our mission is to set you as HR experts free to do fantastic

Application Obstacles:
Although Papaya Global provides integrations with different HR and finance systems, we experienced some difficulties throughout the combination procedure. Tailoring the software application to line up with our existing facilities proved to be more intricate than prepared for, leading to hold-ups in the preliminary rollout.

Pricing Issues:
The comprehensive functions offered by Papaya Global come at an expense, which some of our smaller subsidiaries discovered to be prohibitively pricey. As a worldwide organization, we needed to thoroughly weigh the requirement for innovative functionality versus budget plan restraints.

Assistance Reaction Time:
On occasion, our teams experienced issues that required urgent assistance. However, the reaction time from Papaya Global’s customer assistance group was not constantly as prompt as we would have liked, causing delays in solving those concerns.

Our application of included a phased method. We began by onboarding a few subsidiaries to check the system’s compatibility with our existing procedures. This permitted us to recognize and attend to integration challenges early on. As the software ended up being more instilled in our operations, we gradually broadened its use to cover our entire worldwide labor force.

The automated features streamlined our payroll procedures, decreasing the time spent on manual calculations and compliance tracking. Routine training sessions and continuous assistance from Papaya assisted our groups end up being competent users of the software application, maximizing its potential for our organization.

Business that staff member workers throughout multiple countries frequently face detailed obstacles when it comes to managing their workforce. Among the most significant obstacles is consolidating various information streams and sticking to diverse regional and nationwide labor policies, which can be both time-consuming and costly. Additionally, establishing regional entities in brand-new areas can be an expensive and suboptimal choice, with alternatives such as opening a foreign subsidiary or working with a professional work company (PEO) typically charging up to 15% of the payroll. These challenges have actually resulted in a substantial boost in problem recruiting qualified personnel, with 75% of companies reporting this issue in 2022, a 21% boost from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.

offers an option supporting all types of employment. It offers an end-to-end platform, from employee onboarding and ongoing management to international payments and. It assists companies with labor law compliance in the jurisdictions in which they run, provides management of employment benefits, and ensures information privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading expert in payroll and labor force management. She co-founded after seeing the technology space in worldwide.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please make sure to go to the total webcast in order to receive your credits if you have any concerns 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 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 hi and thank you for joining us today we’re enjoyed have you here as we start a journey of information to guideline accomplishing

360 degree staff member compliance where we’ll dive into the vital aspects of the staff member compliance management model throughout the session we’ll explore real life difficulties real local policies finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to safeguard your organization and employees while remaining compliant in an

Ever evolving regulatory environment in the everchanging world of business and finance making sure compliance with payroll regulations is not just vital however also a legal important from the moment of employing to the in intri complexities even sorry of termination every step along the worker journey is Frau with compliance risks that have significant repercussions nevertheless with a much deeper more nuanced understanding of their commitments organizations can not just browse the intricate landscape however likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the knowledge and tools necessary to browse the complex Terrain of compliance whether you’re a seasoned P professional a small company owner or someone new to the field what I want to do before we begin and I believe it’s actually important

In our mission to boost efficiency and precision in managing our international workforce, our international corporation turned to, a leading and labor force management software application. The shift aimed to simplify the complex task of handling across different countries, currencies, and compliance guidelines.

The Excellent:

Compliance Management:
Among the standout features of is its robust compliance management system. The software application instantly updates itself to comply with ever-evolving tax and labor laws across numerous jurisdictions. This has actually been vital in making sure that our procedures remain certified in each country of operation.

is to state that the content here is not legal recommendations it is just for your info please consult your legal team ought to you have any concerns or issues 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 employee compliance risks how to employ ly with confidence how to streamline information management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we have actually.

function as your hris or is type of your core staff member record um to handle that employee life process throughout their Journey with you as as a staff member in addition to a payroll module we need to assist you pay those employees and compensate them and benefits Administration module that permits you to assist handle the benefits you supply to your employees so actually excited to be here represent um bamb booy jar and discuss this topic um and I think from my point of view I’ll I’ll most likely provide a lot of a focus on the US side of things when we speak about sort of compliance so happy 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 bit about papay global yes definitely thank you Ian hello everybody I’m Gina dorelis I’m the Work specialist manager.

at I manage the work Council in the United States APAC EMA and Israel region I likewise act as us Council for I’m certified in New york city and New Jersey um we guarantee compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and workforce management as a Service work 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 introduction so it’s really truly nice to really see in the webinar chat where everyone’s really participating in from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to continue inform where you are that would be definitely wonderful whilst we just wait on everybody else to sort of like participate in there we go Chicago as well well um so whil we’re doing that I’m awaiting everybody to type of join I’ll simply run us through the program um today we are going to discuss employing Skill brand-new greater Details Management termination compliance and automation wow the chat has got actually actually hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely everywhere which is fantastic so uh I’m hoping that we’re actually going to have some actually excellent commentary and questions throughout the uh the webinar also 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 data is Will Papaya Global Run Without Sage Accounts complex without fail and an.

Ever developing relationship that begins the minute an individual signs up with an organization it continues throughout their work and Beyond this journey can be divided into k to several essential stages whilst we’re in fact you know that they’re utilized with us so on boarding daily operations compensation and benefits professional advancement then we get to the offboarding and even advocacy so it even takes place after the staff member has actually left your work throughout the journey organizations are responsible for gathering saving safeguarding worker data in compliance with information personal privacy regulations no matter where it is you’re operating around the world it typically involves implementing safe data management systems and guaranteeing stringent adherence to regional requirements to protect both the worker and the organization the advancement of staff member information and management c.