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Ramco Systems - Payroll Services 2021

Vendor Analysis

by Elizabeth Rennie

published on Feb 22, 2021

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Report Overview:

This NelsonHall assessment analyzes Ramco Systems' offerings and capabilities in Payroll Services

Who is this Report for:

NelsonHall’s Payroll Services profile on Ramco Systems is a comprehensive assessment of its offerings and capabilities, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of managed 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 HR and payroll technology and services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Ramco Systemspayroll services offering, 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 locations.

Key Findings & Highlights:

Ramco Systems (Ramco), part of the Ramco Group of companies, which collectively represent ~$1bn in revenues, and headquartered in Chennai, India, is a provider of multi-tenant and mobile-based ERP software and services, including:

  • HR and global payroll software and services
  • Enterprise Resource Planning (ERP) systems
  • Aviation software
  • Logistics software
  • Asset management software

Ramco Systems formed in 1992 as the R&D division of Ramco Industries Limited.  Established as an independent company in 1997, Ramco began delivering payroll software and services using a client-server architecture. In 2008, it began investing in cloud technologies as part of a company-wide strategy to move all proprietary software to cloud architecture and 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 today supports >500 clients, producing ~2.4m pay slips monthly through its proprietary cloud payroll platform, which is currently configured to support >50 countries. The company is working towards a 'Zero UI' experience, infusing intelligent technologies throughout its enterprise applications leveraging artificial intelligence and machine learning by design.

Ramco targets its payroll services offering to middle-market multi-national firms seeking support for long-tail global footprints.  While Ramco primarily targets firms with >500 employees, it can and does support smaller footprints where complexity or country requirements align to its offering.

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