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Ramco Systems launches Ramco OnDemand—Analytics & Gateway Products on the Cloud

Chennai, India, June 15, 2011: Ramco Systems (BSE - 532370, NSE – RAMCOSYS, MSE – RSST); a leading software company focused on consulting, products and managed services, today announced the launch of Ramco OnDemand—Analytics and Gateway products on the Cloud. With this launch, Ramco Systems strengthens its leading position as a provider of Enterprise cloud products. The company currently has 3000+ users for its ERP on the Cloud and expects to touch 7000 users in 12 months.

Mr. P.R. Venketrama Raja, Vice Chairman, Managing Director & CEO, Ramco Systems said, "Cloud is a revolutionary business model that dramatically changes the way businesses are run. At Ramco, we have been working on the technology to offer simple, powerful, easy and less expensive solutions that can handle complex business situations. All our products are built on the powerful Ramco VirtualWorks™ and DecisionWorks platforms, ensuring that they are cloud-ready by design. We are working toward fusing both these platforms to offer a robust world-class enterprise product that is capable of covering the entire business cycle from transaction to analytics."

The newly launched, Ramco OnDemand Analytics is the first full-fledged pre-built analytics on the Cloud. As the entire solution is pre-engineered, customers can go live easily. Current customers on the Cloud can avail of the ‘switch-on’ functionality, while others, will need to go through the ‘plug n’ play’ mode. Traditional Analytics solutions are built ground-up, are very complex and take many man-months to implement. With this launch, Ramco is bringing a ready-to-use analytics solution with all the benefits of a Cloud model. This will ensure that customers, who hitherto could not afford an Analytics offering, can start using the solution easily. One of the unique features of Ramco’s Cloud Analytics offering is that it can integrate with any ERP with a set of connectors.

Ramco OnDemand Analytics is powered by a comprehensive Business Intelligence Platform—Ramco DecisionWorks—which offers a robust infrastructure, and can address large scale enterprise data warehousing requirements. It facilitates business performance monitoring, decision support and strategy formulation for an enterprise.

Ramco OnDemand Gateway products enable customers to quickly and easily adopt business applications, and then graduate to a full-fledged ERP, without replacing the existing system. Gateway products offer a fusion of transaction and decision support systems (i.e. ERP with self-contained Analytics), thereby supporting both operations and decision-making.

One of the key features of the Gateway product is its Zero touch/self-service implementation. The product is highly templatized and the entire enrolment and on-boarding processes are automated. Users can easily learn the functionalities and processes using the self-training kit. This ensures that the entire implementation is truly zero-touch, a revolution in ERP.

The gateway products will predominantly be sold through strategic partners. CRM will be the first Gateway product to be launched in July 2011. The others in the pipeline are Distribution Management, Fixed Assets, HR & Payroll and Service Management System.

Speaking at the launch, Mr. Kamesh Ramamoorthy, COO, Ramco Systems said, “Our Cloud ERP offering—Ramco OnDemand ERP— has gained very good traction in the market. This success has given us the right impetus to further enhance our offerings on the Cloud. With the Gateway products, we are revolutionizing the ERP market by offering self-service implementation, thereby making entry into ERP-class solution, simple, easy and gradual. With Analytics on Cloud, we are providing the full power of a decision support system, with all the benefits of Cloud. Also, as it is pre-built, customers will get to see the real solution even before subscribing to it. We see big potential for cloud adoption in India."

According to Gartner’s report, "SaaS in India is on a growth curve and Gartner estimates that there are over 500 user organizations that have adopted SaaS based ERP in India. ERP and CRM SaaS applications constitute approximately 60% of the Indian SaaS market share.” The report also said, "The large presence of over 85,000 SMBs in India presents significant opportunities for SaaS."

Source: Gartner, Inc., Will SaaS-Based ERP Succeed in India When It Hasn’t Globally? Sunil Padmanabh, April 26, 2011.