Ramco Systems signs multimillion-dollar strategic deal with Panasonic Group of Companies

Panasonic Group of Companies in Malaysia has signed a multimillion-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia, part of India-headquartered HR software major Ramco Systems, to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform.

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.

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.

With this initiative, the role of HR Management in Panasonic Group will evolve from administrative roles to more strategic and business transformation roles by leveraging the Reporting and Analytical capabilities of this new system.

On the part of Employees by using this new integrated system, all the tedious and time- consuming HR processes will be simplified and fully automated. Employees can now be able to apply leave, manage claims, and pull pay slips using self-service features across various platforms, including smartphones, tablets and desktops.

Cheng Chee Chung, Managing Director, Panasonic Management Malaysia Sdn. Bhd. & Panasonic Malaysia Sdn. Bhd., said, “As our Malaysia operations expand, the complexity of managing Human Resources and Talent also grow multi-fold. We wanted to be a forerunner in Malaysia in leveraging technology to build a centralized HR & Payroll system. 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 HR & Payroll platform sealed the deal in their favour. We look forward to bringing our businesses closer together through this initiative.”

P. R. Venketrama Raja, Vice-Chairman & Managing Director, Ramco Systems, said, “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. Signing this deal with Panasonic Group of companies in Malaysia is a great endorsement of Ramco’s ability in addressing this market need.”

Ramco Systems has seen significant growth in APAC, winning the trust of leading multinationals and Fortune 500 companies. As one of the fastest-growing markets for Ramco, APAC holds immense promise and potential. Ramco HCM with its Global Payroll coverage recently won an order from European Logistics major for consolidating its HR operations across 13 countries.

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 has been built to address the U.S. or Europe markets, our ability to cover this part of the world gives us a unique standing in the market. Ramco HCM with Global Payroll will be our growth lever in 2017 and will play a significant role in consolidating our leadership in the region.”

Trusted by 400+ global customers, Ramco HCM & Global Payroll with Time & Attendance is compliant with statutory and taxes across 40+ countries and has partnerships to cover Payroll for 108 countries, globally. Recognized as an Achiever in Everest Group’s Multi-Country Payroll Assessment, Ramco HCM with built-in Mobility and Intuitive user experience continues to add on an average two new customers a week in 2016. With a comprehensive coverage of APAC, Middle East and Australia, Ramco Global Payroll covers countries such as Hong Kong, the Philippines, Thailand, Indonesia, Singapore, Malaysia, Vietnam, China, India, among others in APAC; all of GCC and Egypt, Nigeria, Ghana, Sudan, Republic of S. Africa, in the Middle East Africa; Australia, New Zealand, United States and the United Kingdom.