Ramco Systems partners with Wagestream

Global payroll software provider, Ramco Systems, announced its partnership with Wagestream, Australia's largest charity-backed fintech, to extend real-time pay tracking, flexible pay, money coaching and other financial wellness solutions, together with Ramco Global Payroll solution, to organisations across Australia. This partnership is a testament to Ramco's vision of enhancing employee wellbeing by providing employees with education and tools to boost financial wellbeing and inclusion, as well as improve employee productivity and engagement of their customers' workforce.

Wagestream helps alleviate financial stress for employees by offering the ability to reduce reliance on high interest credit and build healthy financial habits. In turn, Wagestream is proven to help businesses fill open roles faster, increase shift filling and reduce attrition.

This partnership will mean registered employees can access Wagestream through Ramco's platform with just a click to:

- Track their earnings in real-time

- Grow their savings directly from their pay

- Check their financial fitness score and get personalised financial education

- Transfer a portion of their earned wages to cover unexpected costs or emergencies

Josh Vernon, CEO, Wagestream Australia, says, "At Wagestream, everything we do and every product we create is designed to improve the financial wellbeing of people at work. Our partnership with Ramco will help more employees access the financial wellbeing tools that can help reduce financial stress and achieve their goals."

Rohit Mathur, Head - Ramco Global Payroll & HR Solution, Ramco Systems, said, "We are excited to bring Wagestream's financial wellness capabilities together with our Global Payroll solution for our customers and their employees. This will complement an organisation's efforts to meet the evolving expectations of modern workforce. We are confident that while employees will benefit from Wagestream's financial wellbeing offering, organisations will also experience higher employee productivity and retention rates. This is certainly the next step towards enhancing employee well-being and overall experience."

Shares of Ramco Systems Limited was last trading in BSE at Rs. 255.80 as compared to the previous close of Rs. 257.20. The total number of shares traded during the day was 9550 in over 636 trades.

The stock hit an intraday high of Rs. 260.55 and intraday low of 253.45. The net turnover during the day was Rs. 2456094.00.

Source : Equity Bulls

Keywords

RamcoSystems INE246B01019 Partnership Wagestream RamcoGlobalPayrollsolution Australia