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=== Logistics Software ===
=== Logistics Software ===
Ramco Systems’ logistics software includes [[Artificial intelligence|AI]], [[machine learning]], [[Cloud computing|cloud-based solutions]] for [[Warehouse management system|warehouse management]] and transportation, [[Freight Forwarding|freight forwarding]], fleet planning, and courier management.<ref>{{Cite web |last=Infotech |date=2016-01-27 |title=Ramco Systems in Logistics Software deal with AAI Worldwide |url=https://infotechlead.com/software/ramco-systems-logistics-software-deal-aai-worldwide-38035 |access-date=2023-10-14 |website=InfotechLead |language=en-US}}</ref>
Ramco Systems’ logistics software includes [[Artificial intelligence|AI]], [[machine learning]], [[Cloud computing|cloud-based solutions]] for [[Warehouse management system|warehouse management]] and transportation, [[Freight Forwarding|freight forwarding]], fleet planning, and courier management.<ref>{{Cite web |last=Infotech |date=2016-01-27 |title=Ramco Systems in Logistics Software deal with AAI Worldwide |url=https://infotechlead.com/software/ramco-systems-logistics-software-deal-aai-worldwide-38035 |access-date=2023-10-14 |website=InfotechLead |language=en-US}}</ref>

It also provides end-to-end solutions for 3PLs, e-commerce logistics providers, and other businesses that use analytics and artificial intelligence.<ref>{{Cite web |date=2020-09-28 |title=A Storehouse of Innovation—WMS for E-Commerce |url=https://www.inboundlogistics.com/articles/a-storehouse-of-innovation-wms-for-e-commerce/ |access-date=2023-11-27 |website=Inbound Logistics |language=en}}</ref>

The Software’s features include asset management, x-dock hub management, automated contracts and billing, procurement, profitability, and ERP financials and payroll.<ref>{{Cite web |date=2021-01-21 |title=HERE partners with Ramco Systems to add location intelligence - Elets eGov {{!}} Elets |url=https://egov.eletsonline.com/2021/01/here-partners-ramco-systems-add-location-intelligence/ |access-date=2023-11-27 |website=Elets eGov |language=en-GB}}</ref>


==See also==
==See also==

Revision as of 08:42, 27 November 2023

Ramco Systems Limited
Company typePublic
BSE: 532370
NSE: RAMCOSYS
IndustryEnterprise software
Founded1997[1]
HeadquartersChennai, India
Number of locations
30 Offices Globally
Key people
  • PR Venketrama Raja (Chairman)
  • Sundar Subramanian (CEO)
  • Sandesh Bilagi (COO)
Products
  • Global Payroll Software
  • Aviation Software
  • ERP
  • Logistics Software
RevenueU.S. $61.79 million (2023 - March [2])
Number of employees
1800+
ParentRamco Group
Websitewww.ramco.com

Ramco Systems Limited is an Indian multinational enterprise software product & platform provider.[3] Ramco Systems uses various technologies including ChatBot, AI,[4] Facial Recognition,[5] Voice-enabled navigation, Mobility and Cloud Computing[6][7] in their products which include Global Payroll, Time and Attendance, Contract Workforce Management, Finance & Accounting, Asset Management, Transport Management and Warehouse Management.[8] Founded in 1997, it is a part of the Ramco Group, and is headquartered in Chennai, Tamil Nadu, India, Ramco Systems operates in 30 locations across 35 countries. Ramco Systems’ sister company, Ramco Cements, is the fifth largest cement producer in India.

History

Ramco Systems was founded in 1992 as the research and development division of Ramco Industries and began product development in 1993. It became a separate subsidiary in 1997.[9] In the same year, the company released its ERP product, Marshal 3.0, which was launched by Bill Gates.[9]

In 2002, Ramco Systems launched VirtualWorks, a web-based ERP product that automates software development.[9]

In 2011, the company launched its SaaS ERP service for the aviation, aerospace and defense industries.[10]

In 2014, Ramco Systems signed a deal with Norske Skog to provide Cloud enterprise resource planning (ERP) integrated with asset management and financials for its ANZ region.[11]

In 2016, Ramco Systems opened an engineering lab in Singapore.[40] The lab’s first anchor partner was Air France Industries KLM Engineering & Maintenance, for whom it developed advanced aviation IT solutions, along with wearables for ground engineers and drones to inspect aircraft on the tarmac. With support from Singapore Economic Development Board (EDB), the lab also develops intellectual property to provide solutions for the Maintenance, Repair and Overhaul (MRO) industry.[12]

In 2018, the company made a deal with Papillon Grand Canyon Helicopters to install Ramco Aviation Suite V5.8 for maintenance and engineering operations of its fleet.[13]

In 2022, Ramco Systems established a new development center in Madurai, India, which was the company’s first product development center outside of its headquarters in Chennai.[14] In the same year, the company  also opened a new subsidiary in the United States called Ramco Systems Defense and Security Incorporated (RSDSI).[15] RSDSI is focused on the defense industry in the United States.[15] Ramco Systems Defense has offices in Washington, D.C. and Dallas.[15]

In 2023, Etihad Airways Engineering partnered with Ramco to implement Ramco's Aviation Suite V5.9.[16]

Also in 2023, Ramco Systems inaugurated its wholly owned subsidiary in Qatar to work with the region’s businesses on ERP, HR, and payroll solutions.[17] In the same year, Ramco Systems appointed its current Chief Executive Officer, Sundar Subramanian.[18]

Products and services

Global Payroll Software

Ramco Systems’ HR and payroll software includes artificial intelligence-based solutions for HR and payroll,[19] such as its Self Explaining Payslip (SEP) system launched in 2021, which handles employee payroll queries using automated responses.[4][20] SEP makes use of Deep Learning and Natural Language Processing to improve HR & payroll transactions.[4]

Ramco Systems also partnered with Microsoft to launch Ramco Global Payroll Software on Microsoft Dynamics 365 in 2018.[21]

In 2021,, Ramco Systems signed a partnership with the two largest HCM providers, Oracle and Workday.[22] The partnership allowed Ramco to provide multi-country payroll to Workday’s MNC client base.[22] In the same year, it announced the launch of its Global Payroll solution on the Oracle Cloud Marketplace.[23] This marketplace serves as a centralized hub for enterprise applications provided by Oracle and its partners.[23] In a collaborative effort, Ramco Systems integrated its comprehensive payroll platform, which spans over 50 countries, with Oracle Fusion Cloud Human Capital Management (HCM).[23]

In 2022, Ramco Systems formed a partnership with the Australian financial technology company Wagestream, which allowed employees to track their financial statistics through a single platform.[24] In the same year , it  also began implementing its payroll and HR solutions at Kudu Company for Food and Catering, a Saudi Arabian restaurant chain.[25]

Aviation software

Ramco Systems provides aviation maintenance software for civil and defense clients. Ramco’s aviation software performs functions such as paperless maintenance, ensuring regulatory compliance, ordering airplane parts, and tracking repairs.[26][27]

ERP

Ramco Systems also develops enterprise resource planning software that allows users to manage functions such as supply chain/logistics planning, finance management, and human resources management.[28] The company’s ERP software can also redesign business processes end-to-end.[29]

Logistics Software

Ramco Systems’ logistics software includes AI, machine learning, cloud-based solutions for warehouse management and transportation, freight forwarding, fleet planning, and courier management.[30]

It also provides end-to-end solutions for 3PLs, e-commerce logistics providers, and other businesses that use analytics and artificial intelligence.[31]

The Software’s features include asset management, x-dock hub management, automated contracts and billing, procurement, profitability, and ERP financials and payroll.[32]

See also

References

  1. ^ "Ramco Systems - About Us - HCM on Cloud | ERP on Cloud | Aviation Software". Archived from the original on 9 October 2012. Retrieved 26 September 2012.
  2. ^ https://www.ramco.com/hubfs/investor-relations/QucikResult-31-03-2023.pdf
  3. ^ "Ramco to battle global turf on cloud". Business Standard. 19 January 2013.
  4. ^ a b c Simhan, TE Raja (9 July 2021). "Ramco Systems develops self explaining payslip". BusinessLine. Retrieved 3 September 2023.
  5. ^ "Coronavirus: Ramco Systems launches new attendance system with face recognition, temperature screening". HT Tech. 18 March 2020. Retrieved 3 September 2023.
  6. ^ "India's cloud manufacturing titans empower digital transformation". manufacturingtodayindia.com. 19 May 2023.
  7. ^ Staff, Asian Aviation (26 July 2023). "India's Ramco Systems releases Aviation Suite V5.9.6". Asian Aviation. Retrieved 6 August 2023.
  8. ^ "Harvard Business Publishing Education". hbsp.harvard.edu. Retrieved 3 September 2023.
  9. ^ a b c "Ramco Systems: Will the IT major make it big?". Business Today. 18 February 2012. Archived from the original on 22 February 2022. Retrieved 22 February 2022.
  10. ^ D'Amore, Dino (13 April 2011). "RAMCO SYSTEMS LAUNCHES SAAS ERP FOR AVIATION MANUFACTURING". MRO Global. Retrieved 3 September 2023.
  11. ^ "Ramco to provide cloud solution to Norske Skog across ANZ region". The Economic Times. 28 May 2014. ISSN 0013-0389. Retrieved 3 September 2023.
  12. ^ Elizabeth, Shilpa (18 February 2016). "Ramco Systems opens innovation lab in Singapore". The Economic Times. ISSN 0013-0389. Retrieved 3 September 2023.
  13. ^ Brooks, Steve (3 January 2018). "Ramco flies high over Grand Canyon success". Enterprise Times. Archived from the original on 22 February 2022. Retrieved 22 February 2022.
  14. ^ "Ramco Systems looks to tap Madurai's tech talent". India Times. 30 May 2022.
  15. ^ a b c "Ramco Systems opens new offices in US". Devdiscourse. Retrieved 3 September 2023.
  16. ^ "Etihad Airways Engineering Partners with Ramco Systems". Aviation Pros. 2 March 2023. Retrieved 6 August 2023.
  17. ^ "Ramco Systems' shares gain 4% as it strengthens presence in the Middle East". mint. 5 June 2023. Retrieved 3 September 2023.
  18. ^ "Ramco Systems names Sundar Subramanian as CEO". peoplematters.in. 4 July 2023. Retrieved 3 September 2023.
  19. ^ "Microsoft Embeds AI Into New Payroll Solution". www.pymnts.com. 29 August 2018. Retrieved 14 October 2023.
  20. ^ "Ramco Systems Launches Self Explaining Payslip". TecHR. 18 June 2021. Retrieved 14 October 2023.
  21. ^ "Microsoft partners with Ramco Payroll". enterprisetimes.co.uk. 29 August 2018.
  22. ^ a b "Should Ramco Systems be in your portfolio? A research summary of the stock | AlphaStreet". 27 March 2023. Retrieved 27 November 2023.
  23. ^ a b c Region, Theme. "Ramco Global Payroll Forays into Oracle Cloud Marketplace". www.cioinsiderindia.com. Retrieved 27 November 2023.
  24. ^ Bureau, DTNEXT (21 October 2022). "Ramco Systems ties up with Wagestream". www.dtnext.in. Retrieved 27 November 2023. {{cite web}}: |last= has generic name (help)
  25. ^ Simhan, TE Raja (20 July 2022). "Ramco Systems to implement Payroll & HR Solution at Kudu in Saudi Arabia". BusinessLine. Retrieved 27 November 2023.
  26. ^ "Ramco Systems Defense to provide Aviation M&E suite to GA-ASI". The Economic Times. 2 September 2022. ISSN 0013-0389. Retrieved 14 October 2023.
  27. ^ "UAE based Etihad Airways Engineering collaborates with Ramco Systems". www.ceoinsightsasia.com. Retrieved 14 October 2023.
  28. ^ McKenna, James T. (6 September 2017). "New Saudi MRO Goes Live With Ramco ERP Suite". Avionics International. Retrieved 14 October 2023.
  29. ^ "Realty major DLF to implement Ramco Systems' ERP solutions". BusinessLine. 27 January 2021. Retrieved 14 October 2023.
  30. ^ Infotech (27 January 2016). "Ramco Systems in Logistics Software deal with AAI Worldwide". InfotechLead. Retrieved 14 October 2023.
  31. ^ "A Storehouse of Innovation—WMS for E-Commerce". Inbound Logistics. 28 September 2020. Retrieved 27 November 2023.
  32. ^ "HERE partners with Ramco Systems to add location intelligence - Elets eGov | Elets". Elets eGov. 21 January 2021. Retrieved 27 November 2023.


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