.jpg)
Papaya Global is a cloud-based SaaS platform that makes global hiring quick and easy in over 160 countries. Our clients go live faster, get unprecedented visibility and control of global workforce spending, have easy access to in-house global payroll experts and a legal team, and enjoy the peace of mind of Papaya’s state-of-the-art security and privacy. Papaya has reduced “go live” time to 2-3 months, while the industry standard remains between 6 and 12 months for integrations. Employees hired through an Employer of Record can be transitioned to regular payroll in a single pay cycle.
Papaya’s Capabilities:
Breadth of Service
Papaya Global supports all 3 types of global employment options.
Global Payroll – Full payroll processing service in countries where clients have an entity, including 3rd party payments (IRS, national insurance, pension scheme, etc.), local tax filing assistance, customized payroll ledger.
Global Contractor Management – End-to-end service for companies with 50 contractors or more. Available as either full, comprehensive contractor management or just the approval and cross border payment process.
Employer of Record – For clients without a local entity in country where it wants to hire. Papaya’s EoR serves as the official employer, handles all back-end workforce management, and assumes employment liability. The client directs the employees in day-to-day tasks.
Payroll
Our global payroll and payments platform is SaaS-based and does not require any on premises installation.
Payroll processing - End-to-end payroll process – from onboarding to cross-border payments, backed by our preferred local partners network of board certified accountants for accurate salaries, deductions, withholdings, and taxes. equip in that country.
Consolidation - The platform brings the entire global payroll operation together into a single data stream.
Automation – Papaya’s platform replaces manual global payroll processes with automated workflows. Automation makes payroll quicker, most cost effective, and error-free.
Business Intelligence Suite - Papaya’s analytics suite captures global payroll data and translates it into impactful business insights – in real time.
Built-in AI engine - The platform monitors the accuracy of the payroll data and compliance with local regulations, particularly on tax rates and social withholdings. If any errors appear, they are corrected before the payroll is delivered
Integration - The platform integrates with all HCM, ERP, and Time and Attendance systems. Our partners include NetSuite, SAP SuccessFactors, Workday, BambooHR, and Expensify.
Standardization - The entire payroll process is streamlined into a single, consistent workflow in one language, one currency for calculations, while the system sends payments in the local currency and payslips in the local language.
Data Security - Papaya’s platform is certified with ISO 27001 and ISO 27701, and holds audit reports with SOC 1, Type 2 and SOC 2, Type 2. It is also GDPR and ASC certified.
In-house experts - provide ongoing guidance on all matters related to global expansion to ensure companies will be in local compliance and are offering the standard non-mandatory benefits.
Employee portal - The Papaya platform has a dedicated employee portal. The portal provides payslips, keeps track of PTO, and keeps employees updated on all important news.
Payroll Payments
Papaya bult the first global payroll platform with embedded technology specially designed for all workforce payments. Make payments to employees, authorities, and benefits vendors in over 160 countries through a single payroll platform.
We hold money transfer licenses in all of the major markets and built a global payment network with top-tier banks, providing bank-level security and full local compliance everywhere.
Faster Transfers Our payment rails are optimized for payroll. Delivery is instant in many countries and no more than 72 hours everywhere, allowing companies to fund their accounts later in the cycle.
Virtual Wallet Capabilities Funds are held and transferred from e-wallets, a more flexible asset, optimizing working capital.
Accurate Payment Forecasting we run payment simulations to determine the exact time payments will arrive, what the fees will be including FX costs.
Full Value Transfer your employees get every cent you transfer to them. If an intermediate bank adds fees, we resolve it, not your employee.
Ultimate debtor the payment recipient sees the transfer comes from your company, not a bank or an intermediary.
Payment Classification payments are marked on delivery so banks know they are receiving salaries, taxes, vendor payments. It reduces screening time and prevents credit score issues for your employees.
Additional Services
Papaya offers services in addition to payroll processing to help companies compete for talent and move employees across the globe.
Global Benefits – Papaya provides local nonmandatory benefits through our local partners. Our inhouse benefits experts guide companies on the best types of plans for every location.
Global Immigration –Papaya has in-house global immigration experts who can advise on local immigration regulations and attaining VISAs.
HRIS – Companies can see all their employee data around the world from one pane.
Global Equity – Papaya offers advice on global equity plans enabling companies to attract and maintain top global talent.
Pricing
Fixed, competitive, transparent pricing
Fees – $20 for payroll (where the company has an entity in the local country), $770 for EOR (where the company does not have an entity in the local country), $25 per contractor
Fixes – Fees are charged at fixed rate per employee, per month, not as a percentage of earnings
Volume discounts – the larger the workforce, the less it costs per employee
Customer Support
Dedicated customer success manager plus other resources.
Dedicated account manager – Every company received a dedicated customer success manager.
Center of Excellence and legal team – Access to experts in legal, global employment, global equity management, taxes, immigration, and benefits.
Knowledge Base – Frequently updated guide to labor laws, taxes, common benefits, and much more for over 180 countries.
Company Hub – an innovative Center of Expertise for onboarding and managing a workforce in more than 160 countries. It brings together everything necessary to go global – from expert guidance to real time resources – all in one place.
Who is Papaya Good For?
Companies that plan to hire abroad but do not have an entity – Papaya’s end-to-end EoR service enables companies to quickly hire in countries in which they don’t have a registered local entity.
Global companies that want to consolidate their global payroll operations – companies often use separate payroll providers for each unique country where employees are paid. Papaya Global streamlines the process, bringing the entire process together into a single panel.
Companies that need to manage contractors globally – Papaya Platform collects invoices for all contractors and validates all of them, ensuring accuracy, then manages cross-border payments. Papaya also determines the correct classification for every contractor. If there is risk of misclassification, Papaya recommends employment alternatives.
Remote companies or companies that hire remote employees abroad – Companies that hire a small number of employees across a wide range of countries and need a service like EoR to stay compliant.
Enterprise company looking upgrade payroll technology without replacing network of local partners – Global companies can upgrade their outdates payroll software to Papaya’s advanced platform without ripping and replacing their global partner network. Clients can license the Papaya platform on its own, making it a great option for large companies that feel stuck with software that was innovative in the 1990s.
Companies that want to pay employees in countries where they don't have a bank account – Companies can process global payroll and make global payments to their entire workforce, plus local authorities and 3rd party vendors, through one self served platform – and pay in multiple currencies in more than 160 countries.
Who is Papaya Not Good For?
Companies without a global footprint – Papaya is not a domestic / regular payroll software. Companies in a singular country, not looking to hire or expand across the globe are not a good fit for Papaya.
