Payroll Transformation Built for Banking & Finance

Certified integrations with leading HR platforms. Compliant payroll across 60+ countries in APAC, Middle East and Africa.

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BFSI Payroll Challenge

Why Generic Payroll doesn’t work for Financial Institutions

landscape

Ever-changing regulatory landscape
RBI, MAS, APRA, FCA, and beyond — BFSI firms must comply with regulators across every market they operate in, each with distinct labor laws, tax statutes, and statutory reporting requirements.
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Uncompromising data security standards
Outsourcing guidelines under RBI and MAS require third-party payroll vendors to meet BFSI-grade security, with audit rights, data residency, and SOC 2 Type II certification.
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Multi-country, multi-entity complexity
Managing payroll across the Americas, Europe, APAC, and the Middle East — with expat, shadow payroll, and variable compensation — demands deep statutory expertise in every jurisdiction.
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HRMS integration requirements
Large BFSI firms run on established HR platforms — Workday, SAP SuccessFactors, Oracle HCM and others. Payroll must integrate seamlessly — real-time GL reconciliation, finance close cycles, and audit trail alignment.
Why Ramco for BFSI

Every Pillar is Designed for the Specific Demands of Regulated Financial Institutions Operating Anywhere in the World

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Regulatory & Compliance-First Architecture
Country-specific statutory engines for 60+ countries across Asia Pacific, Middle east & Africa. Real-time legislative updates with audit logs for every change.

RBI

MAS

APRA

FCA

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BFSI-Grade Security & Data Privacy
Dedicated cloud instances, AES-256 encryption at rest and in transit, MFA, RBAC with segregation of duties. Meets RBI and MAS outsourcing guidelines for vendor onboarding.

ISO 27001

SOC 2 Type II

PDPA

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Certified HRMS Integrations
Pre-built connectors for bidirectional data flow with leading HR platforms — Workday, SAP SuccessFactors, Oracle HCM, Microsoft Dynamics, and more — for real-time GL posting, headcount sync, and payroll reconciliation aligned to your finance close cycle.

GPC

PECI

Certified

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Audit & Governance Controls
Payroll controls aligned to SOX, ISAE 3402, and SSAE 18. Version-controlled legislative update logs. Sub-processor disclosure and contractual right-to-audit provisions.

SOX

ISAE 3402

Right-to-Audit

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True Global Scalability
Multi-state, multi-entity payroll from the US to Japan. Thin-presence markets, expat and shadow payroll, equity compensation, and gig/contract workforce — all from one global platform.

Multi-country

Export Payroll

Variable Pay

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In-Country Service Delivery
Local payroll specialists, not a centralized hub. Dedicated relationship management. SLA guarantees with financial penalties, and 24×7 engineering support for zero-error runs.

SLA-Backed

In-Country

24×7 Support

Case Study

Leading Malaysian Bank

From Fragmented Payroll Processes to a Single, Compliant, Automated Payroll Platform Integrated Directly with Workday.

Read More
100%

Statutory compliance across all Malaysian regulations

Zero

Payroll errors post go-live

Real Time

GL reconciliation with Workday Finance

Security & Compliance

Built For The World’s Most Regulated Industry

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Global Payroll Compliance
Stay updated on global payroll compliance and tax updates for BFSI with Ramco Payce

Secured Cloud Instance

No shared tenancy. Your payroll data is isolated in a dedicated environment, with full data residency and sovereignty controls.

Encryption & Access Controls

AES-256 at rest, TLS 1.3 in transit. MFA enforced. RBAC with Principle of Least Privilege aligned to your internal segregation-of-duties policy.

Continuous Security Assessment

SOC-monitored 24×7 with SIEM threat detection. Periodic VAPT. Full incident management framework.

Right To Audit

Customers can audit Ramco’s private cloud environment. Compliance notifications on all security, privacy and audit material changes.

Take a Tour

See the Partnership in Action

Discover how Ramco Payce and Workday are redefining the global payroll experience for multinational enterprises.

How the Integration Works

A fully automated four-step workflow connecting your Workday HCM to Payce's global payroll engine.
Step 1
Step 2
Step 3
Step 4
Step 5

Additional Payroll Data - APD

Country-specific payroll inputs such as allowances, deductions, and one-off adjustments are captured in Workday and pushed into Ramco Payce in real-time before the payroll run begins.

Cleaner data, smoother authorisation

Real-Time

Global Payroll Hub - GPH

The payroll operations team initiates the payroll run directly from the Global Payroll Hub screen in Workday. The run trigger is sent to Ramco Payce immediately on initiation.

Single screen for multi-country payroll

Real-Time

Data Changes on Demand - DCoD

Employee master data, organisational structure, and cost centre changes are retrieved from Workday and synced into Ramco Payce on a defined daily schedule.

Pushed from Workday before processing

Daily Scheduled

External Payroll Results - ExPR

After payroll processing is complete, salary registers and payroll results are surfaced natively in Workday, enabling payroll operations teams to verify outputs without leaving Workday.

Fewer hops, faster verification

Post-Processing

Export Payroll Documents - ExPD

Payslips and statutory tax documents generated by Ramco Payce are delivered back into Workday, making them directly accessible to employees for self-service and to auditors within Workday.

Simpler access for employees & auditors

Post-Processing
Payroll Data & Initiation (Workday → Ramco Payce)
Data Sync
Results & Documents (Ramco Payce -> Workday)

Featured Picks

Explore featured resources from the Ramco Systems and partnership, including customer success stories, partnership milestones, and solution highlights.  Learn how organizations are driving successful HR and payroll transformation through our combined expertise and innovation.

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Blog

Global Payroll Data: Key to Accuracy and Governance

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Case Study

Leading International Banking Group Trusts Ramco

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Reports

Setting the Standard in Payroll Excellence

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Reports & e-books

AI in Payroll: Expectations vs Adoption

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Fireside Chat

The End of One-Size-Fits-All Payroll: Why 2026 Will Be the Year of Regional Intelligence

Learn More

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