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Third Quarter Fiscal 20-21 Results

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Digital Transformation, Inspired by Innovation – Annual Report 2020

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Fiscal Year 19-20 Highlights

Annual Revenue

USD81.03Mn

EBITDA

13%Growth YoY

Profit After Tax

USD1.45Mn

Million-Dollar-Plus’ Deals

21

Unexecuted Order Book (as on March 31, 2020)

USD166.55Mn
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In the world of business today, speed matters more than anything else, and Digital Transformation will be possible only when organizations are agile. Transforming operations will bring in operational excellence that will be driven by technology thus paving way for innovation and excellence. This is where Digital Transformation steps in. We, at Ramco, continue to emphasize on the fact that a true Digital Transformation is all about results that should be driving an improvement that is not just incremental but substantial. What was expected to become a need by 2025, has now become urgent and important.

Ramco Global Payroll Wins HR Vendor of the Year 2020 Award

Chennai / Singapore - December 3, 2020

Singapore / Chennai, India – December 03, 2020 – Leading HR and Global Payroll software provider, Ramco Systems won accolades for its Global Payroll Software at the 2020 HR Vendors of the Year Awards held in Singapore. Ramco prevailed over global vendors to achieve two Golds for Best Payroll Software and Best Payroll Outsourcing provider.

Conducted by Human Resources magazine and adjudicated by industry leaders, the HR Vendors of the Year Awards are one of Asia’s biggest events dedicated to HR solution providers.

Acknowledging the award, Virender Aggarwal, CEO, Ramco Systems, said, “It gives us great pride to have won the highly prestigious HR awards in this region. We have achieved this accolade with the support of our customers, partners and associates who have disrupted the status quo in the face of the global pandemic and have trusted us to deliver the best payroll experience. This award highlights our leadership in the complex APAC market, the strength of our expanding clientele and the emphasis we place on Innovation to serve business excellence.”

“Over the past year, we have delivered several innovative features that greatly increase the value of our payroll solution for our clients. One major innovation we have introduced is our AI based Anomaly and Reasoning Engine, a self-auditing engine which identifies errors based on data patterns and also notifies the severity to guide payroll processing teams to focus on outliers and enable quicker error-free payroll processing”, added Aggarwal.

Ramco also launched Global Compliance Portal to help businesses stay up to date with payroll regulations across multiple countries. Ramco Payroll now covers 50+ countries on a unified platform.

Complete with chatbots, voice, and facial recognition-based workforce management, organizations can deploy Ramco HR with Global Payroll on-cloud, on premise or leverage as a managed service. The multi-tenant architecture with embedded intelligence and device agnostics features now serves more than 500+ customers worldwide. With innovative concepts of Artificial Intelligence & Machine learning, Context-sensitive Pop-ups and Chatbots to carry out self-service, and Voice based HR transactions on Google Assistant & Alexa, Ramco has been setting the benchmark for Innovation in this segment. With statutory compliance across 50+ countries covering U.S., ANZ, Asia (including Japan & China), Middle-East & Africa, UK and Ireland, Ramco’s Global Payroll is available in English, Japanese, Mandarin, Bahasa, Thai, Malay, and Arabic among others.

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