Papaya Global is a cloud-based, global payroll platform designed to streamline the process of managing workers across a variety of locations simultaneously, including payroll employees, EOR workers, and contractors, as well as remote and gig workers and on-demand hires.
The platform supports HR teams in meeting compliance with regard to tax and other deductions, regardless of the jurisdiction, and also aims to make the onboarding process more efficient and cost-effective. Papaya Global also makes it simpler to ensure that workers are paid correctly and on time, wherever they are located.
All HRIS data is available in an easily accessible dashboard, while workers also have access to a self-service portal.
In this review, we look at the functionality of the platform, the other platforms with which it can be integrated, as well as the sort of enterprises that are most likely to benefit from the Papaya Global platform.
Features and Functionality
Rating 8.7 out of 10
There are a number of key features of the Papaya Global platform that we were able to identify as delivering benefits for global payroll and remote team management.
One of the key functions of the platform is to make hiring and onboarding new workers quicker and easier, regardless of where they are located and whether they are being taken on as employees or EOR workers or engaged as independent contractors.
The Papaya cloud-based platform also means enterprises can hire in foreign countries without the associated time and costs setting up an entity usually requires while ensuring compliance with all local labor laws. HRIS services can be easily managed from a unified dashboard, while employees can also access a secure portal to see payslips, time attendance reports, etc.
In addition, Papaya Global also effectively supports payroll management, irrespective of where workers are located, and it is straightforward to integrate with other payroll systems your company may already have in place. You can choose whether to pay employees via your existing providers, or through Papaya’s cloud-based platform.
When it comes to payments, there is considerable inbuilt flexibility and so it is straightforward to pay different types of recipients in a range of currencies. You can also configure the system to provide a variety of reports as required (e.g., people, payroll, payments, etc.),
BI Analytics Suite
One of the most potent tools users of the Papaya Global platform can access is the BI Analytics Suite. It provides a variety of different dashboards — Payroll, People, Payments, Billing, and Admin — each of which enables a range of essential tasks to be completed within these categories.
Each dashboard also provides a wide range of functions which means information can be easily filtered, is accessible in a variety of table styles, and enables different types of reports to be generated, as required (all of which can be downloaded in PDF or Excel formats).
The flexibility that the BI Analytics Suites provides means that it can be successfully utilized by payroll teams, HR managers, and administrators, and enables a range of customizable analytic and comparison functions to be performed.
Papaya Global Key Integrations
An additional benefit of the cloud-based Papaya Global platform is that it supports a range of single sign-on (SSO) integrations, such as HR automation systems, accounting platforms, and business management software tools.
Pros and Cons of the Papaya Platform
In our experience, there is a range of benefits to be gained from utilizing the cloud-based Papaya Global platform.
- Papaya Global is one of the best employer of record (EOR) providers available today, making it simpler and more cost-effective to enter new markets and expand into new territories without the need to establish an entity. Hiring workers, and paying them properly and on time, is also simplified so that rather than using time and resources to manage HR, the focus can instead be on essential operations (crucial in the early stages of an expansion).
- For enterprises with workforces based in multiple locations, Papaya Global makes it easy to ensure compliance, even in jurisdictions where you may not have previous knowledge or experience.
- The platform makes it easy to adhere to the data protection requirements of the various jurisdictions in which you operate, enabling effective safeguarding of employee data and privacy in accordance with local legislation.
- As a cloud-based platform, software updates and security upgrades occur automatically. In this way, you can avoid the downtime needed for manual upgrades.
One of the potential drawbacks we have identified in using the Papaya Global platform is:
- If you are a start-up or SME operating solely within your ‘home’ country, you are unlikely to need or be able to take advantage of the full range of features available.
There is a range of cost-effective pricing plans available, depending on the specific needs of your enterprise.
This plan gives you access to global payroll services in more than 160 countries, including management of all your payroll operations, for a monthly, all-inclusive per employee fee.
- $20 per employee per month
Employer of Record (EOR)
As an EOR provider, Papaya works with in-country partners to deliver payroll and HR services on your behalf, while you retain control over the employee’s role and responsibilities.
- $650 per employee per month
Contractor Management & IC Compliance
This service enables you to outsource specific services to an independent contractor (either local or overseas), reducing onboarding costs and wages during periods of growth or expansion into new markets.
- $25 per employee per pay cycle
Payroll Intelligence Suite
This plan provides access to Papaya’s real-time BI Analytics Suite and a range of functions, including dashboards showing employer and payroll costs, etc., and which can be integrated with your existing payroll system.
- $250 per location per year / $320 per location per quarter
For more information, visit https://www.papayaglobal.com/pricing/