Papaya Global Series D 2024 – FAQ

Considerations and Papaya Global Series D …
The thorough features of come at a cost,

 

Over the past few decades, the labor force has actually undergone a considerable improvement with the emergence of remote work, which has eliminated geographical restraints 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, staff members have actually gained greater versatility to work from home and increase their incomes without needing to move to pricey areas or commute cross countries. According to a 2022 survey, 87% of employees who have the alternative to work from another location select to do so. The COVID-19 pandemic, combined with developments in enterprise connection software, has even more accelerated the shift towards remote work, even in industries that were at first reluctant to adopt the pattern.

insights are valuable to us and and your fellow guests so first things initially though um let’s learn more about everybody my name is Ian Charles and I have actually operated in payroll for the last 25 years I’ve had roles in all sort of Industries retail and Appeal to Aerospace in all types of services start-up to matrixed environments around the world I offered leadership and method to populations of more than 100,000 workers on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya

International I work across business man maning and developing external relationships supporting Business customers and options and functioning as a consultant I want to present our very first Greg um guest Greg who will kick things off by informing us um who he is and a bit more about bamboo HR Greg over to you thanks Ian yeah as Ian said my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our internal legal group and in fact work very carefully with our um HR department too to manage numerous legal and HR matters that show up so actually delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our mission is to set you as HR specialists free to do great

Application Obstacles:
Although Papaya Global supplies integrations with various HR and finance systems, we experienced some obstacles throughout the combination procedure. Personalizing the software to line up with our existing infrastructure proved to be more intricate than expected, resulting in hold-ups in the preliminary rollout.

Pricing Concerns:
The extensive features used by Papaya Global come at a cost, which a few of our smaller subsidiaries discovered to be prohibitively expensive. As a worldwide organization, we needed to carefully weigh the requirement for innovative functionality against budget restraints.

Support Reaction Time:
On occasion, our teams experienced concerns that needed immediate assistance. However, the reaction time from Papaya Global’s client assistance group was not always as timely as we would have liked, leading to hold-ups in dealing with those issues.

Our execution of included a phased method. We began by onboarding a couple of subsidiaries to test the system’s compatibility with our existing procedures. This allowed us to determine and resolve integration difficulties early on. As the software application ended up being more instilled in our operations, we slowly broadened its use to cover our entire global labor force.

The automated features streamlined our payroll procedures, decreasing the time invested in manual estimations and compliance tracking. Routine training sessions and ongoing support from Papaya assisted our groups end up being competent users of the software application, maximizing its potential for our company.

Nevertheless, paying a labor force can be complex. It is especially challenging for companies who utilize personnel across several nations, as they need to continuously consolidate various data streams, manually track local and national labor and guidelines, and spend important time and resources to set up local entities in brand-new locations. These business are confronted with suboptimal, costly choices, like opening a foreign subsidiary or working with a professional employment company, which is a local firm that hires staff members on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble hiring certified personnel, a boost of 21% from 2019. The payroll & HR solutions market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.

offers a solution supporting all forms of employment. It offers an end-to-end platform, from staff member onboarding and ongoing management to worldwide payments and. It helps companies with labor law compliance in the jurisdictions in which they run, provides management of work advantages, 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 professional in payroll and labor force 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 make certain to go to the complete webcast in order to get your credits if you have any questions 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 browser with the webcast survey please make certain to complete it as quickly as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hey there and thank you for joining us today we’re enjoyed have you here as we start a journey of information to guideline achieving

360 degree employee compliance where we’ll dive into the vital aspects of the worker compliance management model throughout the session we’ll explore real world difficulties genuine local guidelines finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to protect your organization and employees while staying compliant in an

Papaya Global Series D 2023 – Dedicated for Global Workforce

As the just recently retired CEO of one of The United States and Canada’s largest tech business…Papaya Global Series D… I had the opportunity of experiencing the evolution of payroll management firsthand. From the days of manual estimations and stacks of paperwork in 1995 to the smooth, automated systems of today, the change has been nothing except remarkable. In this post, I will share my experiences and highlight the game-changing role played by Papaya Global, an ingenious software supplier that reinvented how we handled our company’s payment.

Rewinding back to 1995, management was a laborious and time-consuming process. HR departments had to by hand compute employee salaries, deductions, and tax withholdings.

Over the years, technological improvements gradually improved payroll procedures. We required a scalable option that might manage our expanding international labor force.

Enter Papaya Global: A Game-Changer in Payroll Management
In our quest for a comprehensive payroll service, we found. Founded in 2016, became a disruptor in the market, leveraging cutting-edge innovation to enhance and automate procedures for international business. Their cloud-based platform provided end-to-end management, dealing with everything from staff member onboarding to tax compliance.

stood out for a number of reasons:

Smooth Onboarding: Papaya Global streamlined the onboarding process, enabling employees to enter their info straight into the platform. This removed the need for manual information entry, minimizing errors and saving valuable time.

International Protection: With a growing global presence, our business needed a payroll supplier capable of handling operations in several countries.’s international coverage and expertise guaranteed compliance with regional regulations, relieving the problem on our HR teams.

Automation and Combination: integrated with our existing HR systems, making it possible for seamless information flow and eliminating the requirement for duplicate entry. The automation of calculations and tax withholdings significantly minimized errors, guaranteeing precise and prompt payments.

Compliance Made Easy: Staying certified with ever-changing tax and labor laws is a difficulty for international business.’s robust compliance engine handled complex payroll guidelines easily, guaranteeing we remained in great standing with local authorities.

Reporting and Analytics:’s instinctive control panel offered real-time insights into our payroll information. We gained exposure into costs, labor circulation, and compliance metrics, empowering us to make data-driven choices and optimize our labor force management strategies.

Scalability: As our company broadened, Papaya Global scaled effortlessly with our growth. Whether it was including brand-new employees or going into new markets, their platform proved to be versatile and adaptable to our evolving needs.

vs. Rival X: A Head-to-Head Comparison
To provide a comprehensive evaluation, let’s compare to a leading competitor in the payroll market, Competitor X. While Competitor X is unquestionably a credible provider, offers several distinct advantages:

Papaya Global Pros:

Advanced Automation:’s automation capabilities outshine Competitor X, decreasing manual effort and enhancing accuracy.

International Expertise:’s in-depth understanding of international policies goes beyond Competitor X, ensuring compliance throughout borders.

Smooth Combination:’s seamless integration with existing systems decreases disruption and data transfer challenges compared to Rival X.

Reporting and Analytics:’s analytics features supply much deeper insights and adjustable reporting options, providing an exceptional data-driven approach.

Scalability and Versatility:’s platform easily accommodates organizational growth and changing labor force dynamics, exceeding Competitor X in scalability.

Onboarding Experience: Papaya Global’s user-friendly onboarding experience streamlines worker data collection, while Competitor X falls short in this regard.

Cons:

Learning Curve: While Papaya Global’s platform is easy to use, it might need some initial training for HR teams not familiar with the system.

Rates Structure:’s rates design might be slightly higher compared to Competitor X, although the added value justifies the financial investment.

Restricted Language Assistance:’s language support may not be as substantial as Competitor X in specific regions.

Consumer Support: While typically responsive,’s consumer support could benefit from further improvement to match the market’s leading requirements.

has reinvented our business’s payroll management, transforming a once manual and error-prone process into a structured, automated, and certified system. Their extensive option and dedication to innovation have made them a real industry leader. By leveraging’s advanced capabilities, we have actually conserved time, decreased mistakes, and acquired important insights into our payroll information.

As they state, “Why did the payroll software application go broke? Because it couldn’t rely on anyone!” The good news is, with Papaya Global, that punchline stays nothing but an amusing pointer of how far we’ve been available in management.

As somebody accountable for accounts and HR in your business, you comprehend the need for a dependable solution. In this post, we will compare two leading software application service providers, and Deel.

: Streamlined Global Management

uses a thorough solution with a strong focus on worldwide management.

The platform incorporates flawlessly with existing systems and simplifies data transfer processes.
With, you can manage complicated payroll requirements, including tax compliance and reporting, for several countries effortlessly.

The automated calculations and robust compliance engine make sure accuracy and regulative adherence.
The reporting and analytics features provide real-time insights into information, making it possible for data-driven decision-making.

‘s scalability permits simple growth as your company grows.
Deel: Simplifying Global Payments and Compliance

Deel mainly focuses on global payments, contractor management, and compliance.
The platform streamlines payments to contractors worldwide, ensuring timely and accurate payment.
Deel’s compliance features aid companies browse the intricacies of international labor laws and tax policies.

The user-friendly user interface and easy to use style make onboarding and managing contractors problem-free.
Deel’s built-in file management makes sure correct recordkeeping and compliance with employment agreement.

The platform’s control panel offers a summary of contractor payments and financial analytics.
Comparing and Deel:

To help you choose in between and Deel, let’s examine their key features, benefits, and restrictions.

:

International Payroll Management:’s main strength lies in its capability to handle complexities for international companies.
Robust Compliance Engine: The platform excels in managing compliance with local labor laws, tax guidelines, and reporting requirements.
Seamless Integration: Papaya Global flawlessly incorporates with existing systems, lessening interruptions and data transfer obstacles.

Real-time Reporting and Analytics: The reporting and analytics abilities offer valuable insights into costs, labor circulation, and compliance metrics.
Scalability:’s option quickly accommodates organizational growth and changing labor force dynamics.

Learning Curve: At first, HR teams might require some training to totally utilize all the features used by Papaya Global.

Prices Structure:’s pricing design may be a little greater compared to some rivals.
Deel:

Specialist Management: Deel’s primary focus is on streamlining payments and managing specialists worldwide.

Compliance Support: The platform uses robust compliance functions, helping companies navigate global labor laws and tax regulations.

User-Friendly Interface: Deel’s intuitive design and structured onboarding process make it easy to handle specialists.

File Management: Deel’s built-in file management guarantees proper recordkeeping and compliance with employment agreement.

Financial Analytics: The platform offers a clear summary of contractor payments and monetary metrics.

International Payroll Limitations: Deel’s management features might be more limited in comparison to.

Limited Language Assistance: Deel’s language support may be more restricted in particular regions.
Polling the Neighborhood: Which Is Better?

To get a wider point of view on which software users prefer, it would be beneficial to conduct a poll within your business or industry. Consider the following aspects when creating the survey:

Ease of Use: Which software application is more user-friendly and easy to use for your team’s particular requirements?

Global Management: Which platform much better accommodates your company’s worldwide requirements?

Compliance and Reporting: Which software application provides superior compliance management and reporting features?

Payroll updates can be made quickly on the task or org level depending on access permissions as soon as you’re visited click on the payroll Tab and after that pick org you’ll see a list of jobs in the export tab check the job or projects you wish to update and click download open the downloaded XLS file and allow modifying if required this file allows you to upgrade variable items as required please note

that compensation items as defined in the workers agreement can not be changed completely in this file when you’re done making your updates save the file go back to the platform pick the import Tab and then click import use the file you updated and publish it to the platform prior to submitting you will see a confirmation dialog listing the projects in the file next time you download the file all the modifications that you made will be highlighted in red you can keep modifying the information up until the cutoff date after cutoff the information is

papaya is an international workforce management service supporting clients with their growth in over 140 nations helping clients with every kind of employment from eor through and contractors management our innovation produce a sas platform that combine and combine whatever that occurs in the organization from onboarding to the cycle and the payments we co-founded a business in 2016 and we presently have more than 250 staff members internationally israel u.s europe and australia we are growing in 300 year-over-year since we started and we raised more than 190 million dollars to date from leading investors as inside endeavor partners bessemer scale workday and group 11. we are presently serving more than 500 customers around the globe given that 2019 to 2021 we tripled the numbers year over year from 10 million dollars in error to more than 90 million dollars to date papaya’s core innovation is focused about automation and compliance which are key in order to assure that we can produce global that scale from producing technology that is compliance with everything that is related to the most sophisticated security and personal privacy guideline through full automations of whatever that is related to our data and the cycle this is how we process international payroll at scale for numerous customers our company believe that integration is a secret for a successful worldwide operation

this is why in papaya we incorporate with whatever that produces data in the ecosystem and in the companies we integrate with hris with time and participation with costs management and with erp system in order to develop one combine and unified experience at the same time information is the most delicate information in the company this is why we take security and personal privacy very seriously and we fulfill the highest standards in the industry we are so certified we fulfill simple guideline in our privacy and security standards we make sure that everything we keep in the system is exceptionally safe and secure one of the most important thing is that we can transform your payroll information into insight and analytics that the company can understand and process better each and every single piece of data that you are searching for you’ll have the ability to discover on a real-time basis through our bi and reportings

guaranteeing that you comprehend the number of people works at the organizations what’s the variety ratio what’s the overall expense what’s the advantage cost everything under one single control panel that can filter and consolidate whatever internationally we believe that employee experience is the most crucial thing in the cycle this is why we developed the individual portal where we offer the workers everything that they need to find about their employment from onboarding forms producing a total paperless experience to payslips and yearly reporting everything under one consolidate portal internationally any place you papaya but are is not only about software application and system it has to do with know-how since is complex and in order to process payroll globally you require to have the resources you need to comprehend you require the specialists to discuss and to take you side by side any place you work internationally this is why we developed a really distinct resource centers to assist you with whatever that you require from comp and then expert to center of quality to individuals that understand

everything from migration to benefits they are all supporting your international journey at papaya we wish to ensure that we eliminate all barriers for global employment international equity is a really huge problem it’s complex but it’s really important this is why we developed a really special global equity service to guarantee that your employees can benefit the exact same global equity strategies while we deal with everything that relates to the taxation that is related to their equity anywhere they live globally papaya has been chosen to be the development partners of some of the world’s fastest growing companies