Al Faisal Holding, one of Qatar's largest privately held diversified groups, announces that it has chosen to implement Ramco Systems' Global Payroll & HR Solution to streamline and automate the HR and payroll operations for more than 5,000 of its employees in over 55 organisations across diversified business sectors. It will also implement Ramco's touchless, facial recognition-based Time & Attendance system for real-time tracking of the employees.
With modules for Payroll, Core HR, Employee Benefits and Time & Attendance, Al Faisal Holding will also leverage Ramco's Self Explaining Payslips feature, a smart AI-based service that will allow Al Faisal's employees to receive explanations of their remuneration and payslip via the Ramco CHIA virtual assistant.
Kashif Fateh Dad, Chief Information Officer, Al Faisal Holding Company, said, "Focusing on digital and innovative transformations is an important aspect of Al Faisal Holding's IT strategy to enhance all aspects of the business. The pandemic has accelerated the adoption of the gig working model. Digital platforms have not justemerged as enablers for employment creation but are also empowering employees and agility in workplace. As a people-intensive organization, we at Al Faisal Holding look forward to leveraging Ramco's digital platform to improve employee experience, achieve automations and track cost of employees in real-time. With Ramco's innovative features, we are confident that we will be able to further optimize operations, employee engagement and boost their productivity, benefiting both Al Faisal and our employees."
Modar Bakir, Chief HR Officer, Al Faisal Holding Company, said, "We have been working flat out with IT and Ramco to ensure a successful implementation of the system by designing workflows that fits the needs of our everchanging businesses and deliver a unique employee experience. This is a business transformation for the whole group and not just a software implementation per se. We hope this will bring about positive impact to Al Faisal Holding group and its employees.
Rohit Mathur, Head - Ramco Global Payroll & HR Solution, Ramco Systems, said, "Ramco's Global Payroll Solution integrated with Time & Attendance will offer Al Faisal Holding a technological edge in monitoring their core assets - their people. Be it monitoring and managing employees, scheduling right resources for right tasks, carrying out overtime calculations, or adhering to the statutory compliances, Ramco's digital platform will help Al Faisal automate all their people-centric operations. We are confident that Ramco along with its intuitive features around touchless attendance and chatbots will offer Al Faisal innovative experiences and employee delight."
Complete with mobile, chatbots, voice, and facial recognition-based workforce management, organizations can deploy Ramco Global Payroll & HR on-cloud, on premise or leverage as a managed service. The multi-tenant architecture with embedded intelligence, device agnostics features, and API integration now serves more than 500 customers worldwide. With innovative concepts of Artificial Intelligence & Machine learning, Context-sensitive Popups and Chatbots to carry out self-service, and Voice based transactions on Google Assistant & Alexa, Ramco has been setting the benchmark for Innovation in this segment. With statutory compliance across 60+ 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 Limited was last trading in BSE at Rs. 285.35 as compared to the previous close of Rs. 294.25. The total number of shares traded during the day was 5446 in over 291 trades.
The stock hit an intraday high of Rs. 299.80 and intraday low of 284.25. The net turnover during the day was Rs. 1583579.00.