Papaya Global Vs Intuit Payroll 2024 – All You Need To Know

A CFO’s Point of view on Papaya Global Vs Intuit Payroll…

The platform enables business to manage their global workforce and abide by regional work guidelines and tax laws. Papaya Global provides a variety of services, including payroll management, benefits administration, compliance management, time and presence tracking, and HR management. The platform is created to simplify the complexities of worldwide payroll and supply real-time visibility and control over payroll operations. The business 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 global service operations, handling payroll across borders can be a complex and challenging job. As the Chief Financial Officer (CFO) of a global business, I comprehend the important significance of effective and compliant payroll management. In our pursuit of quality, we have accepted innovative solutions to streamline our processes, and one such transformative tool is Software application.

The Obstacle of Global Payroll:

Worldwide expansion causes diverse challenges, and payroll management is no exception. Differing tax regulations, varying work laws, and several currencies make it crucial for organizations to adopt advanced options to guarantee accuracy, compliance, and performance in payroll processing.

Software application: A Comprehensive Solution:

It is crucial to think about and include post-termination constraints in the employment contract to ensure enforceability. You must thoroughly identify what you are looking for to safeguard and plainly define the secret information that falls within its scope. Additionally, define the duration of the post-termination restriction and be prepared to validate it in relation to intellectual property. The rules concerning copyright vary depending on the type of IP and the jurisdiction. For example, in the Netherlands, the end client is likely to have copyright rights over works produced by employees under their guidance, while in Poland, legal task may be essential.

Papaya Global Software application has emerged as a game-changer in the world of international payroll management. Its cloud-based platform integrates payroll, workforce management, and employee benefits into a single, easy to use interface. As the CFO, I have witnessed firsthand the favorable effect of on our organization’s monetary operations.

Unified Global Payroll Processing:
enables our company to process payroll perfectly across multiple countries. The platform’s unified technique enables constant payroll estimations, decreasing errors and guaranteeing compliance with local guidelines. This has significantly reduced the threats associated with worldwide payroll processing.

also essential for if in the future someone says misclassification you have your file supported by the requisite files which the right examination tools to reveal someone that you had a thoughtful procedure and so what do you have to include because process it’s the who the what the where and the when who are you handling are you handling a private or are you handling a personal Service Corporation and how are they operating what are they doing is it the kind of work that lends itself more to being an independent contractor than a worker so for instance accounting

I.T engineering the creatives these all provide themselves more to that evaluation of being freelancer you understand also uh where are they doing it can they work from anywhere or do they need to be on site and handled once again another key factor is the management and guidance of the uh employee and then finally when is it a particular project is it a six-month project six years all of this is manageable however it has 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’ve enhanced it this year so that we can roll it out internationally these tools take a survey list for the employee the employee fills out and fills these concerns out therefore does the end customer or the recipient of the services they both put their info into the tool and after that it does an assessment waiting the different questions because not every jurisdiction has the same sensation about a few of these concerns some believe they’re more vital than others and it comes out with 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 important things you require to boost to ensure that you are given that examination of uh independent professional or green where you were evaluated as an as a independent contractor once that assessment is done all the requisite documents are beneath it so that if later there

Automated Compliance:
Browsing the intricacies of worldwide work laws and tax policies can be frustrating. Papaya Global’s automated compliance engine keeps our organization up-to-date with modifications in guidelines across jurisdictions. This guarantees that our payroll processes comply with the latest requirements, lessening the danger of non-compliance and associated charges.

network of In-House outside advisors accounting firms and legal companies who help us keep our databases entirely approximately date and we likewise get in touch with we require to when we see an unusual or or especially intricate scenarios okay thanks Steve I can just see a fast question in the Q a window yes the session will be taped and sent to attendees later on um returning to to the webinar itself Ray company of record is managed in a different way around the world and the German law for example it’s classed as worker leasing can you shed any light on a few of the special considerations for countries and where the eor model isn’t controlled yes Ian staff member leasing or labor leasing as it’s likewise called which prevails in several countries especially in Europe imposes stringent policies on products such as the length of project it also appoints employees to collective bargaining arrangements that provides rights and advantages but even in the countries that do not have those rigorous guidelines for example the UK Canada and the nordics there are policies for each country and each worker is dealt with the like all the other workers because country and all those policies require to be followed fine thank you Ray um Kathy moving I would state to yourself what do companies need to factor in when identifying contract status to safeguard themselves and the rights of hires what are the pros and cons of employing specialists and Freelancers versus permanent staff members so undoubtedly the the advantage of professionals versus workers is the the flexibility for both the worker and for the employer um however I can’t worry enough how crucial it is to have a constant comprehensive and a well-documented compliance

Performance

Papaya Global Vs Intuit Payroll and Time Cost Savings:

The software application’s automation abilities have actually considerably lowered the time and effort needed for payroll processing. Handbook data entry and repetitive jobs have actually been reduced, permitting our finance group to concentrate on tactical initiatives rather than administrative problems. This has actually led to increased effectiveness and performance within our financial operations.

in one because each state has its own policies Californians are some of the most stringent an example is pay slips on a payslip in California the right details needs to be on the payslip in the ideal format and in the best position if you remain in breach of of guidelines for payslips the fines are released per payslip so that’s each employee each pay slip will sustain a fine thanks Ray thank you Elizabeth a lot to worry to think of and we’re only two concerns in and 10 minutes or two hiring in one nation is tough enough however when hiring in a you know on an international level it’s a completely different story you require to ensure that you’re up to date with current in addition to pending local labor laws Steve um how do you make sure and ensure that individuals 2.0 team is on top of an ever-changing landscape which your clients are totally supported and I’ll arrange this into three crucial things we do in first and foremost you need to have the ideal team so we hire a team of global experts in Employment Practices um that ex that group of experts consists of legal representatives it includes payroll experts it includes HR professionals and these are individuals that not just know the laws in these in these nations and regions but they likewise know the languages they know the local practices they know the cultures and it is essential to have that right group and really have the group on the ground uh working with cl

Real-time Analytics and Reporting:

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

The practical application and extent of the application to employment law can be evaluated through the legal system using case law examples. For example, the acquired rights instruction, also known as the 2p policies in the UK, and the working time policies have gone through various legal interpretations, especially relating to vacation pay. Additionally, the principle of work status has actually seen numerous legal precedents over the

Scalability for Company Growth:
One of the standout features of Papaya Global is its scalability. As our company continues to grow and broaden into new markets, the software perfectly accommodates changes in our labor force and payroll requirements. This scalability ensures that our payroll infrastructure can adapt to the evolving needs of our international organization.

Worldwide Chief legal officer we’ve got Elizabeth Beal who is our primary legal officer for Amia and we’ve got Ray Gander who is our senior vice president of customer service and I would say individually and jointly these 3 people have Decades of experience in in work law and global Work Practices so thank you it’s an enjoyment to be with everyone here today seems like we’ve got the right people with us today and in in addition to to those well we likewise have among our own Stars erase share head of Global Solutions at papaya Worldwide tell us about yourself thank you Elin Ian hi my name is Elite I have actually been with the business for around 4 and a half years as head of Partnerships I have established Papaya’s network of in-country Partners in over 160 places on a personal element and related to our subject today I’ve had the chance to move and work in three various nations it is the business’s duty to ensure my security while residing in a foreign nation compliance with local laws and regulations is crucial for me or anyone else as an expat or as a regional so today we have invited our relied on Partners people 2.0 to demonstrate the significance of local

expertise when companies Go Global thank you and take pleasure in alright thank you as I stated let’s move on to the pact agenda today’s webinar is an opportunity to ask the panel the questions you’ve been thinking of we’ll talk about the truths a business requires to think about when opening a new entity and expanding into new nations as well as keeping things going we’ll cover elements such as local policies factors to consider when hiring compliance essential difficulties payments and what not to do it is among 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 understand and handle knowing what to do in each new situation as it increases is very important on lots of levels understanding regional guidelines and regional laws along with business practices assists alleviate Associated and global growth papaya through our regional experts can browse potential dangers such as intellectual property defense information privacy security issues guaranteeing the business’s operations stay compliant and safe tax Social Security returns and remittances vary by nation

In conclusion, Papaya Global Software has actually shown to be a vital property in our quest for effective and certified international payroll management. As the CFO of an international business, I am positive in recommending Papaya Global to companies seeking to improve their payroll procedures, improve compliance, and attain greater performance in managing their worldwide workforce. The software’s innovative functions and dedication to excellence align with our tactical goals, making it an important part of our monetary operations.

openly announced 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 likewise considerable legal costs there exists’s other penalties there’s other expenses behind that too so the total expense can be very substantial in the 10s of countless dollars or more and and those quantities are growing uh the reason that business are getting it so incorrect is truly just the guidelines are intricate and they’re changing all the time think ir-35 in the UK which has been a continuous advancement for several years now and and still a great deal of uncertainty amongst business on what it truly suggests and how you handle it most employers are merely not familiar with the rules and and act as if the the guidelines are the same everywhere which they’re not so so encourage you to to be extremely proactive as you’re engaging uh employees from a classification viewpoint all right thank you Stephen and moving back to yourself Ray it’s not just the company that suffers in the long run what results can this have on the staff member Papaya Global Vs Intuit Payroll specifically when it concerns their own tax liabilities social security and advantages for example jury and clearly the workers the other side of the coin

I find time and time again the employees frequently misclassified unconsciously they don’t comprehend the conditions of employment or agreement and are informed by the customer why it’s optimum mainly to the client why you should be utilized or participated in this fashion the employee might owe taxes and Social Security to the authorities the future pension and health care benefits of the employee can be impacted and a number of times it can be years before this all falls out and by that time it’s far too late years have gone by they haven’t contributed to pensions Etc so it’s a big impact that they never ever knew they were strolling into you could not agree with you more if you state the UK for example hmrc can go back as much as ten years um Kathy companies are taking out insurance against misclassification however generally premiums are just covering the expense of legal costs whilst the typical claim evaluated versus companies relates to to 40 or half of the base salary of worker is there any point in securing insurance coverage and what is the alternative yeah to your point um you do need to read the small print it is not covering the taxes penalty and interest in most cases I have not seen it at least so uh the the other location that I do believe if you managed to get the protection what we are saying is is that if your compliance program is not up to stuff you could be rejected protection on the basis of the fact that you were not in compliance with laws um in the UK

 

 

Cost Considerations and Papaya Global Vs Intuit Payroll …
The detailed features of come at an expense,

 

Current years have actually seen a significant change to the labor force as the increase of remote work has actually broken down geographical barriers to working with. Companies can now work with personnel from anywhere worldwide, allowing them to access the best readily available talent for any offered role. This offers employees more flexibility to work from home and increase their earnings without relocating to expensive locations or commuting cross countries. A 2022 study found that 87% of employees who have the opportunity to work remotely take that opportunity. The break out of COVID-19, in conjunction with new enterprise connectivity software application, sped up the transfer to remote work, consisting of in industries previously reluctant to embrace the trend.

insights are valuable to us and and your fellow attendees so first things initially though um let’s be familiar with everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Appeal to Aerospace in all types of organizations start-up to matrixed environments across the globe I supplied leadership and strategy to populations of more than 100,000 staff members on a month-to-month basis and in over 170 countries today I’m the perel strategist for papaya

International I work across the business male maning and constructing external relationships supporting Enterprise clients and services and acting as an advisor I want to introduce our first Greg um guest Greg who will kick things off by telling us um who he is and a little bit more about bamboo HR Greg over to you thanks Ian yeah as Ian said my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our in-house legal group and in fact work extremely carefully with our um HR department also to manage various legal and HR matters that turn up so really thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our objective is to set you as HR experts complimentary to do terrific

Implementation Barriers:
Although Papaya Global offers integrations with various HR and financing systems, we encountered some hurdles during the integration process. Tailoring the software application to line up with our existing facilities showed to be more complex than expected, leading to hold-ups in the preliminary rollout.

Rates Issues:
The substantial functions provided by Papaya Global come at an expense, which a few of our smaller subsidiaries discovered to be excessively costly. As an international organization, we needed to carefully weigh the need for sophisticated functionality against budget constraints.

Support Action Time:
On occasion, our groups experienced issues that needed immediate help. However, the reaction time from Papaya Global’s client support group was not constantly as timely as we would have liked, resulting in delays in dealing with those issues.

Our application of involved a phased approach. We started by onboarding a few subsidiaries to test the system’s compatibility with our existing procedures. This permitted us to identify and address integration obstacles early on. As the software application ended up being more ingrained in our operations, we gradually broadened its use to cover our entire worldwide workforce.

The automated features structured our payroll procedures, minimizing the time invested in manual estimations and compliance tracking. Routine training sessions and ongoing support from Papaya assisted our teams become proficient users of the software application, optimizing its potential for our organization.

However, paying a workforce can be intricate. It is especially challenging for business who use personnel across numerous nations, as they should constantly consolidate different information streams, manually track local and nationwide labor and regulations, and invest important time and resources to establish regional entities in brand-new locations. These companies are confronted with suboptimal, expensive alternatives, like opening a foreign subsidiary or employing a professional work company, which is a local firm that hires workers on their behalf and can charge up to 15% of. By 2022, 75% of companies reported difficulty hiring certified workers, an increase of 21% from 2019. The payroll & HR solutions market was valued at $26.4 billion in 2022 and is predicted to reach $50.4 billion by 2030.

uses an option supporting all forms of work. It supplies an end-to-end platform, from worker onboarding and ongoing management to global payments and. It assists business with labor law compliance in the jurisdictions in which they operate, provides management of employment benefits, and makes sure data 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 workforce management. She co-founded after seeing the technology space in global.

papaya this webcast has been pre-approved for hrci and Sherm credit please make certain to participate in the total webcast in order to receive your credits if you have any questions throughout the webcast please click the Q&A tab in your webinar controls and type the there a new tab will open in your internet browser with the webcast study please make sure 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 presentation hello and thank you for joining us today we’re enjoyed have you here as we start a journey of data to policy attaining

360 degree worker compliance where we’ll dive into the essential aspects of the staff member compliance management design throughout the session we’ll explore real life difficulties genuine local policies finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to safeguard your company and employees while remaining compliant in an

Ever developing regulative environment in the everchanging world of company and financing ensuring compliance with payroll regulations is not only crucial but also a legal vital from the moment of working with to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance threats that have far-reaching consequences however with a much deeper more nuanced understanding of their responsibilities companies can not only navigate the complex landscape however likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the understanding and tools necessary to browse the complex Surface of compliance whether you’re a seasoned P expert a small company owner or someone brand-new to the field what I wish to do before we begin and I think it’s truly crucial

In our mission to improve effectiveness and accuracy in handling our worldwide workforce, our international corporation turned to, a leading and workforce management software. The shift intended to simplify the complex job of handling throughout numerous nations, currencies, and compliance regulations.

The Good:

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

is to state that the material here is illegal recommendations it is just for your information please consult your legal team should you have any questions or issues in relation to anything that we have actually gone over today our key take key takeaways by the end of the webinar will be an understanding of staff member compliance threats how to hire 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 have actually.

act as your hris or is type of your core worker record um to handle that staff member life process throughout their Journey with you as as a staff member in addition to a payroll module we have to help you pay those staff members and compensate them and advantages Administration module that enables you to help handle the benefits you offer to your employees so truly delighted to be here represent um bamb booy container and speak about this topic um and I guess from my perspective I’ll I’ll most likely provide a great deal of a focus 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 little bit about papay international yes definitely thank you Ian hey there everyone I’m Gina dorelis I’m the Employment specialist supervisor.

at I manage the work Council in the US APAC EMA and Israel region I also work as us Council for I’m accredited in New York and New Jersey um we make sure compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and labor force management as a Service labor force company to workers serving in over.

160 nations all right 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 actually good to really see in the webinar chat where everyone’s in fact going to from today I can see that we have people in Las Vegas and Indiana currently so if you want to carry on tell where you are that would be absolutely fantastic whilst we simply wait for everybody else to kind of like join in there we go Chicago also well um so whil we’re doing that I’m awaiting everybody to sort of join I’ll just run us through the agenda um today we are going to discuss employing Skill brand-new greater Information Management termination compliance and automation wow the chat has actually got actually truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely everywhere which is great so uh I’m hoping that we’re actually going to have some truly terrific commentary and questions throughout the uh the webinar as well fine so that’s the agenda then what I wish to Now cover is the the compliance and the Personal privacy side of things so the the Journey of an employee and their information is Papaya Global Vs Intuit Payroll multifaceted without fail and an.

Ever evolving relationship that begins the minute a person joins an organization it continues throughout their employment and Beyond this journey can be divided into k to several key stages whilst we’re actually you understand that they’re used with us so on boarding day-to-day operations settlement and advantages expert development then we get to the offboarding and even advocacy so it even happens after the employee has actually left your work throughout the journey organizations are accountable for collecting saving safeguarding employee information in compliance with data privacy regulations no matter where it is you’re running around the globe it frequently involves carrying out secure information management systems and guaranteeing strict adherence to local requirements to safeguard both the employee and the organization the development of worker information and management c.