Ramco Systems, a leading provider of enterprise software solutions and a member of OraclePartnerNetwork (OPN), announced the availability of its Global Payroll solution on Oracle Cloud Marketplace, a centralized repository of enterprise applications offered by Oracle and Oracle partners. As a part of the collaboration, Ramco will seamlessly integrate its one payroll platform across 50+ countries with Oracle Fusion Cloud Human Capital Management (HCM), thereby enabling HR & payroll transformation for large enterprises.
Ramco Global Payroll enables organisations to comply with all statutory and regulatory requirements across 50+ countries besides driving harmonization of global payroll processes on a single platform. The solution also leverages its Artificial Intelligence/ Machine Learning (AI/ML) capabilities to identify anomalies in payroll processing, automatically derive reasons for these anomalies using a reasoning engine, thereby enabling the payroll team to focus only on outliers and boost productivity. Ramco Global Payroll's pre-built and native integration with Oracle Cloud HCM enables enterprises to drive their global HR & payroll transformation programs holistically.
Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications offering unique business solutions, including ones that extend the Oracle Fusion Cloud Applications Suite. Oracle Cloud is an enterprise cloud that delivers massive, non-variable performance and next generation security across a comprehensive portfolio of services including SaaS, application development, application hosting, and business analytics. Customers get access to leading compute, storage, data management, security, integration, HPC, artificial intelligence (AI), and Blockchain services to augment and modernize their critical workloads. Oracle Cloud runs Oracle Autonomous Database, the industry's first and only self-driving database.
"As more organizations embrace digital ways of working, employee engagement and delight has become the underpinning enabler. Our focus on innovation, driven by Artificial Intelligence and Machine Learning has provided organisations with enterprise applications that offer a consumer-like experience, thereby enhancing employee engagement and delight. We believe that Ramco Global Payroll, in collaboration with Oracle Cloud HCM, will help enable large enterprises and multinationals drive global HCM transformations holistically." said Virender Aggarwal, CEO, Ramco Systems. "Ramco's participation in the Oracle Cloud Marketplace further extends our commitment to the Oracle community and enables customers to easily reap the benefits of Ramco's One Payroll Platform. Through this collaboration, we look forward to mutually achieve our business goals."
"The cloud represents a huge opportunity for our partner community," said David Hicks, vice-president, Worldwide ISV Cloud Business Development, Oracle. "Ramco's commitment to innovation with the Oracle Cloud and quality execution will help our mutual customers receive cloud-enabled payroll solutions, ready to meet their critical business needs."
Complete with chatbots, voice, and facial recognition-based workforce management, organizations can deploy Ramco Global Payroll on-cloud, on premise or leverage as a managed service. The multi-tenant architecture with embedded intelligence and device agnostics features now serves more than 500+ customers worldwide. With innovative concepts of Artificial Intelligence & Machine learning, Context-sensitive Pop-ups and Chatbots to carry out self-service, and Voice based HR transactions on Google Assistant & Alexa, Ramco has been setting the benchmark for Innovation in this segment. With statutory compliance across 50+ countries covering U.S., ANZ, Asia (including Japan & China), Middle-East & Africa, UK and Ireland, Ramco's Global Payroll is available in English, Japanese, Mandarin, Bahasa, Thai, Malay, and Arabic among others.
Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.494.7 as compared to the previous close of Rs. 504.8. The total number of shares traded during the day was 51386 in over 3031 trades.
The stock hit an intraday high of Rs. 497 and intraday low of 460. The net turnover during the day was Rs. 24378459.