May 8: Chennai-based Ramco Systems Ltd on Tuesday said that its subsidiary Ramco System lnc. has secured a five year multi-million dollar Payroll Managed Services deal from a global Top 5 management consulting and professional services firm for processing payroll for more than 45,000 employees.
According to the company, the multinational firm’s decision to outsource its complete Payroll operations is part of its strategic decision to effectively address the complex payroll business processes revolving around managing high volume of employees.
“Ramco’s global payroll offering will integrate with multiple legacy enterprise ERP to help the organization process weekly, fortnightly and monthly payroll. Ramco’s ability to offer a multi-country platform for payroll services which is highly configurable and built with latest user experience driven features like Chatbots and Hubs were the key drivers behind winning the strategic mandate,” the company said in a statement.
Ramco Systems shares were trading in red at Rs 448.65, down 1.76% from the previous closing of Rs 456.70, on BSE at 1.02 pm today.