“In order to manage a more distributed and sophisticated workforce, you need better tools”
Eynat Guez, Co-Founder and CEO at Papaya Global, made the remarks at Calcalist’s FINTech 2022 conference
“Companies are becoming more and more global, we all know that Covid has accelerated it a lot,” explained Eynat Guez, Co-Founder and CEO of workforce management platform Papaya Global. “In order to manage a more distributed and sophisticated workforce, you need better tools. You need to digitize quite a lot of processes and payroll is something that has been left behind in many ways, because it's a very complex process - probably the most complex process in the finance space in the organization.”
Papaya Global helps organizations with their onboarding, payroll processing, and payments. Since last speaking to CTech in 2019, the company has become a unicorn, valued at more than $3 billion. “If you're looking at the innovation in payroll, it's way behind,” she continued. “From our approach and our perspective, you need to digitize everything on the employee experience because eventually payroll is the core to every engagement in the organization… if I mess up your payroll, you're not going to stay.”
You can watch the entire exchange in the video above.