Ramco Systems ("Ramco", BSE: RAMCOSYS), a Workday (NASDAQ:WDAY) Access software partner, have announced that it has achieved Workday Global Payroll Certified status. Ramco provides customers with a seamless integration that connects Workday Human Capital Management (HCM) with Ramco Global Payroll.
Workday HCM is a unified system that helps enable organizations to make faster decisions, gain operational visibility, prepare for future talent shifts, and build effective teams. With this integration, Workday customers can leverage Ramco's Global Payroll platform that covers 100+ countries, including several European countries and more than 60 countries across APAC, Middle East & Africa. This integration helps enable large enterprises to offer a frictionless employee experience aligned with their HR & payroll digital transformation.
Ramco's global coverage will help organizations to comply with ever-changing and complex statutory requirements while driving organization-wide harmonization across payroll operations. Ramco solutions leverage Artificial Intelligence (AI) & Machine Learning (ML) to identify anomalies in payroll processing, automatically derive potential reasons for these anomalies, thereby boost productivity by allowing customers to focus on the outliers. The solution can be offered as a Platform or as a Managed Service or a Hybrid model depending on the customer requirements.
Rohit Mathur, Head - Ramco Global Payroll & HR Solution, Ramco Systems, said, "We are pleased to have partnered with Workday for our Global Payroll solution. This partnership and the integration will harmonize the payroll processes for customers while opening new avenues for collaboration across markets globally.
We believe that our focus on Payroll innovation, driven by AI & ML, and along with the integration with Workday HCM, can help accelerate the digital transformation journey for joint customers."
Commenting on the association, Hiko Chan, Head of IT, Melco Resorts, a joint customer of Ramco and Workday, said, "Workday and Ramco functioning hand in glove has helped us streamline our HR and Payroll operations across geographies. This has reduced our manual intervention required earlier in handling data-related complexities."
More information on Ramco's integration can be found on the Workday Marketplace, which provides easy access to solutions built by Workday and its software and content partners.
Shares of Ramco Systems Limited was last trading in BSE at Rs. 459.05 as compared to the previous close of Rs. 465.05. The total number of shares traded during the day was 9120 in over 982 trades.
The stock hit an intraday high of Rs. 474.00 and intraday low of 454.60. The net turnover during the day was Rs. 4195835.00.