Papaya’s AI-powered platform serves enterprises via specific features designed to support large-scale multiple workforce and payments needs and offers digitalization, compliance, and cost savings.
Papaya Global, the workforce payment and payroll platform, announced a groundbreaking suite of innovations set to revolutionize global workforce management in 2025. This innovative platform addresses the complex challenges faced by multinational enterprises in managing payroll and payments across borders. This newest innovation from Papaya is the product of two dedicated development teams and 5000 development hours.
“After listening to our customers and rigorously planning and developing how to serve their global workforce needs, I’m excited to launch the next phase of our platform technology,” said Amit Levi, Papaya Global’s SVP Product.”
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The new Papaya Global platform transforms payroll and payments through the following four pillars:
- Real-time Workforce Payments: Enable payments to anyone, anywhere, in 130+ currencies with real-time or same-day transactions. This single flow process provides full visibility and control over global payments through a single interface, effectively transforming global payroll data into global payments in 130 currencies. Papaya offers a set of unique features designed for workforce – split payments, payments in multiple currencies, guaranteed land date, and authorities’ payments.
- AI-powered Payroll Data Validation Agent: An industry-first AI system that achieves 99.7% data accuracy and ensures compliance with local regulations in over 160 countries. This breakthrough reduces manual validation work by 90%.
- AI Data Cloud Connectors for Payroll and Payments: Seamlessly integrate HR and financial data from multiple sources into a single, unified platform. This AI-based technology reduces implementation time to just four weeks and eliminates up to 90% of manual data entry errors.
With Cloud Connectors, clients can review and execute payments in a click, on one screen. Papaya standardizes and transforms workforce data (employee personal and bank details, salary, benefits, etc.) into pay-out-ready files. This transforms payroll data into payment execution through dedicated rails, powered by J.P. Morgan’s infrastructure. - Papaya 360 Support: Offers direct access to local payroll experts through the platform, complemented by a real-time support monitoring system and collaboration, visible SLA and open items and an employee self-service app. Papaya’s vast knowledge base is now easily accessible via AI-powered engine, which effectively acts as a payroll and payments expert, ready and able to answer any question.
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These innovations offer solutions to critical pain points for global enterprises:
- Connect the full cycle of payroll – from data mapping to payments execution
- Reduce global payroll processing time by up to 80%.
- Cut operational costs by up to 25%.
- Ensure 100% compliance across all global operations.
- Improve employee satisfaction scores related to payroll by 40%.
- Unified all your workforce (employees/ contractors/ EOR/ IC’s)
- Enable rapid scaling of global workforce, entering new markets in weeks instead of months.
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Source: PR Newswire
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