Jan 16: After making its entry into Gartner Magic Quadrant and Forrester Wave for SaaS HCM Suites, Ramco Systems Ltd, the Chennai-based cloud enterprise software major, has won a new order from a Global Fortune Top 5 organization to manage its human resources and payroll services which currently employs approximately 4,500 staff spread across 21 cities.
“Ramco’s end-to-end Human Capital Management (HCM) software will harmonize a full spectrum of core HR, time & attendance, training, onboarding and payroll functions into a single integrated system that is accessible via mobile, tablets and desktops. In addition to automation of various modules, Ramco will also hold the mandate for processing payroll through its managed services arm,” the company said.
Commenting on the order win, Virender Aggarwal, CEO, Ramco Systems, said, “amidst the ongoing disruption in multiple industries, employee experience and engagement remain the core pillars of business growth. With continued investments on innovation and next-gen technology like chatbots, facial recognition based time & attendance, we focus on delivering tools that enable HR professionals to focus on building engagement and relationship, leaving back-end operations to be handled by technology.”
“The winning of yet another Fortune 500 giant is a great endorsement of the product capability and stronghold we have in Asia,” added Aggarwal.
Ramco shares were trading in red at Rs 540.50, down 1.82% from the previous closing of Rs 550.50, on BSE at 1.04 pm today.