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HERE partners with Ramco Systems to add location intelligence

Posted On: 2021-01-19 21:56:30 (Time Zone: Arizona, USA)


HERE Technologies, a global leader in mapping and location platform services, has today announced a partnership with Ramco Systems, a leading global cloud enterprise software provider, to embed location intelligence in their Logistics ERP platform.

Ramco Logistics Software is an integrated and smart platform engineered to provide an end-to-end comprehensive business solution for 3PLs, Contract Logistics, Freight Forwarders, Project Cargo, Reefer Logistics, E-Commerce Logistics and Parcel/ Express Service Providers. By embedding geo-visualization layer provided by HERE, Ramco's clients will benefit from real-time view of their logistics operations using HERE Maps.

In addition, Ramco will use HERE's routing APIs to compute accurate ETAs (expected time of arrival) based on historic and real-time traffic conditions, movement of hazmat materials as well as truck attributes, thus enabling improved customer satisfaction. HERE will also provide advanced algorithms around dynamic re-routing to allow for updates to routes based on changes on traffic, weather, tour or new orders. Ramco will also integrate the HERE SDK to support turn by turn navigation on the mobile device supporting driver behavior analysis and allow drivers to safely stay focused on the road and traffic conditions around them.

Commenting on the partnership, Virender Aggarwal, CEO, Ramco Systems, said, "Being able to get a visual dashboard of logistics operations on maps in real-time will immensely benefit logistics service providers in planning, executing, and delivering customer delight. We are happy to partner with HERE to offer Geo visualization as part of our comprehensive Logistics ERP suite - thus ensuring a truly connected Digital Enterprise,"

"This technology partnership with Ramco will bring new innovations in movement of goods and truly provide insights to their customers within their integrated suite. We are really excited to be able to help support their innovations that will empower both their customers and drivers with realtime feedback such as alerts and traffic conditions and ensure real time movement of assets."

said Stanmira Koleva, SVP and General Manager APAC at HERE Technologies. "With our complementary strengths in logistics management and location technology, this partnership is a great testament of how location can support both our vision of safe and productive logistics services.

According to Aditya Waghray, Strategic Partner Manager at HERE Technologies, the joint value proposition to Logistics clients is from accurate trip planning at the start of the trip to actual trip execution looking at toll costs, fuel consumption, dispatch efficiency and route optimization to the post trip analysis around driver performance, fleet utilization and overall cost management. The partnership is global in scope and covers range of 3PL, 4PLs, FF and traditional logistics companies.

Infused with AI & ML, Ramco Logistics Software includes Transport Management Solution (TMS), Warehouse Management System (WMS), Fleet & Asset Management, X-Dock Hub Management, Automated Contract & Billing, Procurement, Profitability, with ERP Financials and Payroll. Complete with Optimisation, APIs, Chatbot, Mobility and Analytics, Ramco Logistics Software was recognised as a 'Notable Vendor' in Gartner's Asia-Pacific Context: Magic Quadrant for Transport Management System.

Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.696.25 as compared to the previous close of Rs. 682.6. The total number of shares traded during the day was 11449 in over 824 trades.

The stock hit an intraday high of Rs. 709.95 and intraday low of 682. The net turnover during the day was Rs. 8008601.


Source: Equity Bulls

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