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Ramco Systems drives DLF's extensive digital transformation



Posted On : 2022-01-31 13:02:29( TIMEZONE : IST )

Ramco Systems drives DLF's extensive digital transformation

Global enterprise software provider, Ramco Systems announced the upgrade of its enterprise resource planning solution, Ramco ERP Software at India's largest publicly listed real estate company, DLF Limited. The digital transformation program was aimed at enabling DLF to migrate its 14 years of legacy data residing across 480+ companies and 700+ organization units, onto a flexible, scalable and agile digital platform.

The go-live is a part of DLF's continuous efforts in empowering its digital strategy and enhancing operational efficiency. Under the agreement, Ramco will implement its comprehensive ERP suite comprising Real Estate Management, Project Management, Asset Management, Inventory & Procurement, and Finance & Accounting, in a phased manner.

P.R. Venketrama Raja, Chairman, Ramco Systems, said, "As one of the leading trusted ERP software providers, our goal has always been to enable end-to-end digital transformation for our client organizations. Our association with DLF, India's leading real estate developer will help us expand our expertise in the Facility Management space, while we continue to play a major role in supporting their vision by leveraging the latest technological stacks around Artificial Intelligence, Machine Learning. We are happy to have enabled a comprehensive digital transformation program at DLF."

Vivek Anand, Group Chief Financial Officer, DLF Limited, said, "With over decades of real estate investment, development, and management experience, DLF has an unparalleled scale of delivery and an unmatched track record of customer-centric service excellence in India. With Ramco, we have been successfully creating a robust IT ecosystem that is not only streamlining and automating our business processes aiding in faster decision making but is also giving us a technological edge in offering a world-class infrastructure to India."

"This digital transformation program has been enabling us adapt to the shifting market dynamics, changing customer needs and drive faster growth, by offering complete visibility into our core business processes, superior project tracking, improved reporting and optimized systems. We are happy that this positive outcome is a result of a massive collaboration between all the business units in DLF and Ramco's expert and able team. Their untiring efforts have helped us achieve this in a record time."

Sandesh Bilagi, Chief Operating Officer, Ramco Systems, said, "We are happy to go-live at DLF and are excited to spearhead such a significant transformation. Benchmarked against industry best practices and bundled with innovative features, Ramco's digital ERP platform has been helping DLF optimize business processes and operations and improve productivity. With the adoption of a complex migration strategy impacting 1000+ user interfaces, 18000+ procedures, and a collaborative, involved approach we have seamlessly transitioned DLF from its obsolete technology."

Shares of DLF Limited was last trading in BSE at Rs. 378.40 as compared to the previous close of Rs. 373.95. The total number of shares traded during the day was 196322 in over 3456 trades.

The stock hit an intraday high of Rs. 389.40 and intraday low of 376.50. The net turnover during the day was Rs. 75413171.00.

Shares of Ramco Systems Limited was last trading in BSE at Rs. 399.20 as compared to the previous close of Rs. 403.50. The total number of shares traded during the day was 10947 in over 1126 trades.

The stock hit an intraday high of Rs. 410.50 and intraday low of 397.80. The net turnover during the day was Rs. 4451323.00.

Source : Equity Bulls

Keywords

DLF INE271C01023 RamcoSystems INE246B01019 RamcoERPSoftware Upgrade RealEstate