Competitor Comparison

Compare global HR and payroll solutions

Picking a solution to manage all of your global employment needs is a critical decision. We’ve put together a list of comparisons to help you make the best choice for your growing business.

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Platform

Payments network

Global coverage

Enterprise connectivity time

Payment processing time

Ultimate debtor

Payment classification

Payments calendar

Funding

Payroll payments forecasting

Third-party vendor payments

Technology

Payment rails

Automations

BI & Analytics

Virtual Wallet

Predictive funding

Transparency

KYC

Integrations

Security & Compliance

Security standards certifications

Licensing

Pricing

Pricing model

Pricing Transparency

Platform

Payments network

Papaya is a licensed payment provider. We process payroll payments A-Z, with full transperncy

Global coverage

Payments available in 160 locations around the globe

Enterprise connectivity time

Up to 7 days for KYC, and one payroll payment cycle.

Payment processing time

Ranging from same-day payments in some locations to no more than 72 hours, guarantee.

Ultimate debtor

The payment recipient will see the payment as initiated by your company - not Papaya, or any third party.

Payment classification

Payments are marked as "salaries" for the banking system, enabling smoother processing and better credit scoring for your workers

Payments calendar

Papaya's payment calendar lets you see exactly when you need to fund your payment account, taking into consideration holidays and other special days.

Funding

You can fund your virtual wallet 2-3 days before payment distribution and get a full value transfer - with no hidden fees or forex volitility.

Payroll payments forecasting

Payments portal provides accurate payment forecasting, factoring payroll costs and forex volatility, so you know exactly how much to fund in your account.

Third-party vendor payments

Papaya transfers payments to authorities and third-party benefits providers, marking each as payroll related, per worker.

Technology

Payment rails

Papaya built its own payment rails, leveraging the powerful financial infrastructure of world-class banks such as JP morgan and Citibank.

Automations

Permission-based, fully automated process, from payroll to payment, provides full visibility and transparency of the process.

BI & Analytics

Papaya's unified payroll payments platform provides you with advanced workforce analytics for your entire global workforce in one place

Virtual Wallet

Your account lets you keep multiple virtual wallets for different currencies. You can access all of them to make payments to your entire global workforce in one click.

Predictive funding

We run payment simulations daily, taking Forex and employee data changes into account, so you know in advance exactly how much to fund your wallet.

Transparency

A unified platform for payroll and for payments allows complete transparency of the entire process.

KYC

Automated KYC process, approved within 7 days so you start payments with your next payroll payment cycle.

Integrations

Papaya integrates directly with platforms such as NetSuite, SAP, and others, enabling you to automate journal entries to complete the process.

Security & Compliance

Security standards certifications

With one integration to Papaya, you get bank-level security standards certified with GDPR, SOC1 Type II, SOC2 Type II, ISO 27001, ISO 27701.

Licensing

Papaya is licensed as a money transfer operator across the globe to ensure compliance in every country that you operate.

Pricing

Pricing model

Pricing starts at $3/month per employee or as part of our full service payroll plan

Pricing Transparency

Full pricing transparency with no additional costs or hidden fees

Competitors

Platform

Payments network

Use multiple third party payment providers so payments are fragmented, with no transparency

Global coverage

Depending on the payment vendor, coverage is usually limited and scattered between suppliers

Enterprise connectivity time

Varies between provider. KYC usually takes 3-5 weeks.

Payment processing time

2-7 days, depending on location and provider's payment rails.

Ultimate debtor

Recipient will see the payment as initiated from the third party vendor, not your company.

Payment classification

No ability to mark payments as "salaries", thus increasing confusion among workers and lengthening screening time by banks.

Payments calendar

No payment calendar is available, increasing the risk of late payments to your workers.

Funding

You need to fund your accounts 10-14 days before payment distribution, usually with an additional 30% added as a deposit to cover unexpected bank fees and changes in forex rates.

Payroll payments forecasting

No ability to forecast full-value payment transfer due to hidden fees and forex volatility.

Third-party vendor payments

Benefits are transfered in bult without being marked as part of payroll payment, and no distinction between employees.

Technology

Payment rails

Our competitors use the third-party providers' rails, with no visibility of the path of the transfer.

Automations

No automation, control or visibilty of payment process because payroll companies sub-contract payments to third party that uses a different system.

BI & Analytics

No centralized & unified BI tool is available because data is split beween multiple providers.

Virtual Wallet

Your wallets are scattered between Third-party payments providers, and must be managed manually.

Predictive funding

Unable to predict the exact payroll amount in advance, requiring you to include larger deposits to mitigate Forex and other changes.

Transparency

A fragmented process, scattered between multiple platforms and providers, limits the transparency of the process.

KYC

Manual KYC process that requires a month or more to process for each provider, causing delays in payments.

Integrations

Integrations vary between payment providers and are typically scattered among different platforms and providers.

Security & Compliance

Security standards certifications

Depends on the particular standards of the third party payment providers outsourced to make payments.

Licensing

Depends on the third party payment providers executing your payments. Usually it takes 2 or more providers to cover your global activity.

Pricing

Pricing model

Higher costs due to outsourcing to third party payment providers

Pricing Transparency

Requires additional fees to the third party payment provider.

Payroll Management Solution

Enterprise connectivity time

Global partner model

Payroll operations

Global coverage

Platform

Payroll payment cost projection

Workers' mobile app & portal

Employment model supported

Payroll calendar

Technology

Integrations

BI & Analytics

Automated data validation

Approval chain

Automations

Additional Services

Country knowledge hub

Employment benefits

Center of Excellence

Security & Compliance

Security standards certifications

Pricing

Pricing

Payroll Management Solution

Enterprise connectivity time

It takes one payroll cycle, alongside Papaya's onboarding team for a seamless experience.

Global partner model

We use the aggregator model so you can work with multiple partners, even in a specific location. It enables you to scale faster and choose the right partners for your needs.

Payroll operations

Automated end-to-end using Papaya's proprietary technology, minimizing payroll errors.

Global coverage

Payroll solution is available in 160 countries, leverging a wide network of local partners.

Platform

Payroll payment cost projection

We run daily simulations of the entire process to project total payroll costs in advance, including forex volatility.

Workers' mobile app & portal

Platform includes a dedicated mobile app & web portal enabling the entire workforce (payroll, EOR, contractors) to access their payroll information.

Employment model supported

We support every type of worker - Payroll, EoR and contractors.

Payroll calendar

Full payroll calendar including public holidays, bank holidays, cut-off days, and tax payments days specific to each region.

Technology

Integrations

Papaya's system-agnostic platform is integrated with all HRIS, ERP, VMS, T&A, and expense management tools such as Workday, Bamboo HR, Netsuite and others.

BI & Analytics

Our unified platform - covering every step in payroll and payments - enables Papaya to offer workforce analytics allowing you to review all global workforce data in a single unified format.

Automated data validation

We leverage AI technology to validate and audit your payroll, ensuring 100% compliance and accuracy.

Approval chain

The system comes with customized approval chains and user permission per location and employee.

Automations

We automate workflows and notifications to create a controlled, consistent, and scalable payroll process.

Additional Services

Country knowledge hub

We include a complete guide to labor and tax laws in over 160 locations - everything you need to know before hiring in any country.

Employment benefits

From global benefits plans to immigration services to managing global equity and beyond, we leverage our network of local partners to provide tailored benefits under the best terms.

Center of Excellence

Papaya's Center of Excellence provides expert guidance on employment regulations in every country where you have employees so you can always be sure your activity is compliant.

Security & Compliance

Security standards certifications

With one integration to Papaya, you get bank-level security standards certified with GDPR, SOC1 Type II, SOC2 Type II, ISO 27001, ISO 27701.

Pricing

Pricing

Priing starts at $3/month per worker, or as part of our full-service payroll plan, which includes payments and additional services.

Competitors

Payroll Management Solution

Enterprise connectivity time

Usually self-serve, prone to errors and fragmented, requiring long onboarding time.

Global partner model

Entities are usually fully owned by the company, which can create a conflict of interest with your EOR provider and no flexibility to switch providers.

Payroll operations

Relies on error-driven manual process from payroll teams, putting your payroll operations at risk.

Global coverage

Coverage is usually limited to 90-160 locations, depending on which partner model they use. If they own their entities, coverage is even more limited.

Platform

Payroll payment cost projection

There are no projections available that take forex volitility into account so accounts need to add up to 30% of payroll costs as a deposit to ensure payment.

Workers' mobile app & portal

Most compeitotirs focusing on EOR and contractors do not offer a dedicated mobile application for workers.

Employment model supported

Most support only EoR and contractors, and some support payroll.

Payroll calendar

Usually, only cut-off days only are announced, which can cause delays in payroll payments.

Technology

Integrations

While some offer robust integrations, others require manual work to share information between systems.

BI & Analytics

Reporting is done manually through individual files because multiple platforms are used for payroll and payments, creating a fragmented view of your activity.

Automated data validation

Payroll teams have to validate data manually, exposing data to human error and putting your business at risk.

Approval chain

You get a a partial approval chain because mutiple platforms are needed, fragmenting the process.

Automations

Most payroll competitors use notifications instead of automation due to a scattered payroll process.

Additional Services

Country knowledge hub

While most competitors offer country guides, they are usually limited to those countries where they operate, and tend to focus on EoR and contractors, not payroll.

Employment benefits

Some competitors offer employment benefits, others have no additional benefits packages.

Center of Excellence

Most competitors do not provide that kind of service.

Security & Compliance

Security standards certifications

Most competitors meet some but not all of the top industry standards, potentially posing data-related risks to your business.

Pricing

Pricing

Most competitors do not reveal their pricing. They typically charge per solution, per employee.

EoR service

Global coverage

Local partner model

 Quality of local Service

Technology

Payroll managment platform

Workers' onboarding

Payroll Data Accuracy

Workers' mobile app & portal

Integrations

Additional Services

Local employment benefits competitiveness

Tailored Services

Country knowledge hub

Center of Excellence

Security & Compliance

Local compliance

Pricing

Pricing

EoR service

Global coverage

We serve 160+ locations through our wide network of global partners.

Local partner model

The aggregator model enables us to work with multiple partners in any location. Clients can scale faster and choose the right partner for their needs.

 Quality of local Service

Papaya chooses the best local partners in every location, incentivizing them to meet the highest standard to avoid being replaced.

Technology

Payroll managment platform

All of our partners use our proprietary payroll technology, ensuring accuracy. Our unified platform covers each step of the payroll and payment process, allowing you to get an overview of your operations and total costs.

Workers' onboarding

The process is automated through Papaya's technology, enabling faster onboarding time that improves the recruiting experience.

Payroll Data Accuracy

Our two-layer system - the accuracy engine in Papaya's platform and separate audit - we ensure data accuracy on behalf of our clients.

Workers' mobile app & portal

Platform includes a dedicated mobile app and web portal enabling the entire workforce (payroll, EOR, contractors) to access their payroll information.

Integrations

Papaya's system-agnostic platform is integrated with all HRIS, ERP, VMS, T&A, and expense management tools such as Workday, Bamboo HR, Netsuite and others.

Additional Services

Local employment benefits competitiveness

Working with a network of local partners lets Papaya's clients choose different contracts, benefits, and perks in order to attract the best level of talents available.

Tailored Services

Papaya leverages it's wide network of local partners to access local experts (layers, tax law, etc.) to respond to your local needs.

Country knowledge hub

We include a complete guide to labor and tax laws in over 160 locations - everything you need to know before hiring in any country.

Center of Excellence

Papaya's Center of Excellence provides expert guidance on employment regulations in every country where you have employees so you can always be sure your activity is compliant.

Security & Compliance

Local compliance

Working with local partners enables us to be strictly compliant.

Pricing

Pricing

Starting at $770/month per employee

Competitors

EoR service

Global coverage

Coverage is limited, typically around 70-100 countries due to the high complexity of operationg self-owned local entities.

Local partner model

Entities are usually fully-owned by the EoR company, which can cause a conflict of interest between you and the service provider, with no flexibility to switch partners.

 Quality of local Service

A wholly-owned office cannot be replaced, reducing the incentive to produce top quality work.

Technology

Payroll managment platform

Because payroll providers do not have embedded payments, they have to outsource the payments to third parties, causing leaks of data, increased processing errors, and no unified view of global workforce spending.

Workers' onboarding

The process is manual, requiring more time, effort, and resources and resulting in higher costs and lower employee engagement.

Payroll Data Accuracy

Wholly-owned entities have to audit themselves, creating a comflict of interest if mistakes are found by different elements within the same company.

Workers' mobile app & portal

Most EoR and contractor competitors do not offer a dedicated mobile application for workers.

Integrations

While some offer robust integrations, others require manual work to share information between systems.

Additional Services

Local employment benefits competitiveness

The wholly-owned company generally offers a standard template for all employees, regardless of skill, experience, and responsibility, limiting the level of talent the client can attract and retain.

Tailored Services

EoRs that have their own entities would need to hire an external consultent to answer your questions, causing slow response and higher costs.

Country knowledge hub

While most competitors offer country guides, they are usually limited to those countries where they operate, and tend to focus on EoR and contractors, not payroll.

Center of Excellence

Most competitors do not offer that kind of service.

Security & Compliance

Local compliance

Payroll companies that own their entites across the globe are constantly at risk of compliance errors due to a lack of local knowledge.

Pricing

Pricing

Starting at $600/month per employee, in limited locations and few additional services.

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