Largest bank of Brunei partners with Ramco

Brunei’s largest bank and flagship Islamic financial institution, Bank Islam Brunei Darussalam Berhad (BIBD) has announced that it will integrate its business processes across HR and enterprise resource planning functions with Ramco Systems’ Enterprise Resource Planning (ERP) integrated with full suite Human Capital Management (HCM) and Global Payroll.   
 
Cloud software provider Ramco beat global vendors to secure the contract with BIBD, Brunei’s flagship Islamic bank and the country’s largest financial services provider serving all banking sectors. The partnership marks Ramco’s entry into Brunei and strengthening of presence in South East Asia.
 
Ramco will implement its ERP solution integrated with full suite HCM and Global Payroll, across BIBD’s branches and 900+ employees spread in Brunei’s four districts. The scope of engagement includes Finance and Accounting, Inventory and Procurement, as well as core HR functions, Time & Attendance, Payroll, Training and Recruitment.
 
Tahir Muzaffar, CIO, Bank Islam Brunei Darussalam said, “We are excited to embark on a digital journey with Ramco’s ERP integrated with full suite HCM & Global Payroll. This transformative project will support our push into digitizing our back office operations as part of our overall business strategy of streamlining our services & processes to not just our customers and partners, but also our internal staff." 
 
Virender Aggarwal, CEO, Ramco Systems said, “Our partnership with Brunei’s leading financial Institution is a reflection of the strong product capability, innovative features that we bring to the table and above all positive customer sentiment. With BIBD, we expand into yet another new market which holds new promise and opportunity for further growth in Asia.”