Vendor Analysis
published on Aug 20, 2024
Report Overview:
This NelsonHall vendor assessment analyzes Ramco's offerings and capabilities in Payroll Services
Who is this Report for:
NelsonHall’s Payroll Services profile on Ramco is a comprehensive assessment of Ramco’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Payroll Services and identifying vendor suitability for security services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Payroll Services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Ramco’s Payroll Services offerings and capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
Ramco Systems (Ramco) is a provider of artificial intelligence and machine learning-infused ERP software and services, including:
- Global Payroll
- Enterprise Resource Planning (ERP) systems
- Aviation M&E MRO software
- Logistics software
- Services resources planning, which offers ERP for the services segment (staffing and contract workforce management).
Established as an independent company in 1997, Ramco began delivering payroll software and services using a client-server architecture. In 2007, it began investing in cloud technologies as part of a company-wide strategy to move all proprietary software to cloud architecture. It also launched the cloud version of Ramco HCM as part of its cloud ERP offering. Ramco added its first cloud HCM client in 2009, and in 2013, its Ramco HCM platform was offered as a standalone cloud product.
Ramco has ~25 years of experience delivering payroll technology and services, and its payroll business has ~500 clients and supports ~2.4m client employees through its payroll services. Its global payroll platform is configured to support ~60 countries and covers an additional ~90 countries through its partner network. The company is working towards a ‘Zero UI’ application experience, leveraging artificial intelligence, machine learning by design, and event-driven notifications.