Recently named in CNBC’s inaugural 2022 Top Startups for the Enterprise list, the company has enjoyed a number of accolades in recent months. They’ve earned the 2022 Global Payroll Association Automation and Integration Award, Forbes named Papaya to the Cloud 100 ranking list for the second year in a row, and Fortune and Fintech Magazines both named Eynet Guez a top founder-CEO.

The new Papaya Global SuiteApp is game-changing and streamlines global payroll audit trails while increasing transparency for companies that have particularly large, dispersed workforces. Payroll, benefits, taxes, and reimbursements may all be easily accounted for, providing essential information to those in charge of company finances.

Let's take a look at some of the key changes to the program and how it could be an integral part of taking your business to the next level.

The only worldwide payroll service recognized as "Built for NetSuite" 

The difficulties of fragmented systems and complicated compliance requirements have grown as global employment and remote labour have become more commonplace in businesses. As a result, corporate executives, particularly CFOs, have a hard time consolidating multi-country labour expenditures and data connected to payroll, which can have huge implications to company bottom lines.

Eynat Guez, CEO and co-founder of Papaya Global, announced the collaboration in September 2022 at NetSuite's annual user conference SuiteWorld. During the event, she spoke of the difficulties organizations previously had, having to rely on outdated data and dispersed systems to understand the full picture of their staffing requirements. Guez pointed to the importance of precise and careful management of the workforce as it is usually the largest business expense and greatest asset.

A win-win collaboration

All of a company’s payroll information is consolidated into a single place in NetSuite thanks to the connection with Papaya global integrations, giving more administrative governance without further workload. In addition, accounting staff may now access electronic versions of formerly manual journal entries and payroll ledgers. With this, customers of NetSuite may have fewer missed deadlines or reversals, higher-quality data, and a shorter time to approval. 

In order to provide NetSuite users better access and control over payroll data and to enable them to make more informed business choices, the new SuiteApp blends industry-leading cloud ERP and global payroll technology. Also, with NetSuite CRM, businesses can use a unified platform to manage their relationships with customers, partners, and suppliers too.

Netsuite’s standards and best practices for applications and integrations are of the highest importance, and the Built for NetSuite program offers everything necessary for NetSuite SuiteCloud Developer Network (SDN) partners to verify their compliance. NetSuite users are therefore provided with extra assurance that SuiteApps, such as Papaya Global, has been carefully developed to satisfy strict performance criteria.