Global cloud enterprise software provider Ramco Systems announced that it has been chosen by Opteon Solutions, an international provider of property valuation and advisory services based in Australia and New Zealand, to digitise the company's payroll operations.
Ramco will implement its Single Touch Payroll-enabled suite, which comes with user-friendly modules that streamline functions such as calculation of salary, increments and incentives, retroactive pay, country-specific statutory compliance, as well as tax reporting. The award-winning Payroll software will integrate with Workday HR. It also features innovative elements such as artificial intelligence and machine learning to guide user transactions and prevent data processing errors.
Commenting on the win, Virender Aggarwal, CEO, Ramco Systems, said, "While Payroll is seen as an operational task, it is one of the most complex and highly error-prone activity which significantly impacts employee morale. Ensuring that employees are paid the right pay at the right time while adhering to statutory needs is critical. We address this critical part of HR with a Global Payroll platform that comes embedded with next gen capabilities around Artificial Intelligence, Machine Learning, Chatbots, Voice and Facial Recognition based Workforce Management."
"Close on the heels of adding a leading construction major, we are glad to add yet another leading business - Opteon Solutions as our client. In both these organizations as well as many others across Asia and Australia, the combination of Workday HR and Ramco Payroll is being seen as a beneficial technology stack by clients."
James Harkness, Chief Financial Officer, Opteon Solutions, said, "To build a business that continually grows and improves, we decided to invest in technology and innovation to deliver fully optimised, high quality experiences for clients and employees alike. With Ramco onboard, we are confident that we will be able to automate our highly manual and time-consuming Payroll processes and free up our resources to focus on employee engagement initiatives."
Complete with chatbots, voice, and facial recognition based workforce management, organizations can deploy Ramco HR with 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 450 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 45+ countries covering ANZ, Asia (including Japan & China), Middle-East & Africa, UK and Ireland, Ramco's Global Payroll is available in English, Japanese, Mandarin, Bahasa, Thai, Malay, Arabic among others.
Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.260.05 as compared to the previous close of Rs. 269.05. The total number of shares traded during the day was 12303 in over 112 trades.
The stock hit an intraday high of Rs. 271.5 and intraday low of 259.5. The net turnover during the day was Rs. 3283728.
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