Ramco Systems expands across South East Asia; Brunei's largest bank signs deal with Ramco
Bandar Seri Begawan, Brunei Darussalam/ Chennai, India – November 23, 2016 – After expanding into China and setting up office in the Philippines, Ramco Systems continues its expansion in APAC with Brunei’s largest bank and flagship Islamic financial institution, Bank Islam Brunei Darussalam Berhad (BIBD) today announcing 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 successfully secure the contract with BIBD, a partnership marking 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, Head of IT, 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. This is part of our overall business strategy to streamline our services and processes for our customers, partners and employees. Our partnership with Ramco Systems will deliver digitized procurements, payments, and hire to retire functions, providing us with better visibility of our assets and improved productivity. With built-in Mobility and Analytics, we will be among the leaders in bringing a modern banking experience to all our stakeholders.”
Virender Aggarwal, CEO, Ramco Systems, said, “Ramco has been a trusted choice of brands looking for embracing innovative technology solutions that can transform their business. 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.”
Ramco ERP as a postmodern and single integrated ERP platform has been delivering significant innovation, cost savings, and superior business processes to organizations, globally. Ramco’s focus on innovations in usability, context-awareness, mobility, overall flexibility, apart from comprehensive set of functionality has enabled smooth transitions possible for customers. Ramco also offers a comprehensive hire to retire HR Software with Global payroll and Time & Attendance. With a comprehensive coverage of APAC, Middle East and Australia, Ramco Global Payroll covers countries such as Hong Kong, 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 Middle East-Africa; Australia, New Zealand, United States and UK.
About Bank Islam Brunei Darussalam Berhad
BIBD is the largest financial institution in Brunei Darussalam, leading the market in terms of assets, financings, and deposits. BIBD is headquartered in Bandar Seri Begawan with fifteen branches and the largest network of ATMs located strategically in all four districts of Brunei Darussalam.
BIBD was ranked 38th in terms of Soundness (Capital Asset Ratio) in the top 1,000 World Banks by “The Banker” in 2016. BIBD is one of the safest banks in the world and is given an impressive credit rating of A- by Standard & Poor’s in 2015, the highest for a Bruneian bank and among the highest in the region. BIBD has been named the “Best Retail Bank in Brunei” by The Asian Banker in 2013, 2014, 2015 and 2016.
For more information on any of BIBD’s other products or services, please log on to the BIBD website at www.bibd.com.bn, or get in touch with the BIBD Contact Centre at +673-2238181.