Ramco Systems signs Multi-Million Dollar Deal With Panasonic
Typically, HR used to be handled by software from the likes of Oracle and SAP. However, with the emergence of low-cost solution providers like Ramco, many companies are switching to cloud-based offerings. Recently, Chennai-based cloud services provider Ramco System has inked a multi-million-dollar deal with Panasonic Group of companies in Malaysia to digitize HR and Payroll operations for its nearly 20,000 employees. The Panasonic deal happens to be one of the biggest win for Ramco in the HR cloud space.
“Ramco System’s award-winning Human Capital Management (HCM) solution will integrate with multiple Enterprise Applications and Finance systems in individual companies for statutory and payroll requirements,” the company said in a statement.
As per the terms of the deal, Panasonic Group of companies in Malaysia will lead the Digital HR transformation initiative with a cloud-hosted Ramco HCM suite covering Core HR, Time & Attendance, Talent Management, Recruitment, Planning & Analytics in addition to Payroll.
Panasonic Group of companies in Malaysia, part of the leading Japanese electronics manufacturer, said employees in 21 entities using multiple systems currently will now be powered by integrated Ramco HR software giving a seamless HR experience, group-wide. In other words, Panasonic Malaysia employees can apply for leave, manage claims, and pull pay slips using self-service features across various platforms including smart phones, tablets and desktops.
“As our Malaysia operations expand, the complexity of managing Human Resources and Talent also grow multifold,” said Cheng Chee Chung, MD for Panasonic Malaysia, adding that Ramco’s ability to comprehend and offer the solution to the complex needs of our operations, coupled with proven success stories and the ability to offer the power of Cloud, Mobility including Analytics all on a unified platform sealed the deal in their favor.
“Ramco HCM has been winning in the home territory of legacy ERP providers, thereby proving that companies are keen to leverage HR systems that offer simplicity and technological superiority. We are seeing a growing trend among multinationals wanting to consolidate their multi-country HR operations on a single platform,” said P.R Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems.
Ramco HCM & Global Payroll has been deployed with over 400 global corporations across 40+ countries and has partnerships to cover Payroll for 108 countries, the company said.
Ramco Systems said it has seen significant growth in APAC, winning the trust of leading multinationals and Fortune 500 companies.
On the success in APAC, Virender Aggarwal, CEO, Ramco Systems, said, “We have invested in building statutory compliance and capabilities to address all of APAC including Japan, Australia, New Zealand; Middle East and most parts of Africa. While most Global HR software have been built to address the US or Europe markets, our ability to cover this part of the world gives us a unique standing in the market.”
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