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Ramco Systems launches Ramco Payce, a revolutionary platform-based payroll software

Posted On: 2024-02-09 22:58:02 (Time Zone: IST)


Leading global payroll technology provider, Ramco Systems announces the launch of Ramco Payce, a platform-based payroll software designed to redefine how businesses manage payroll. Payce capitalizes on advanced technologies such as serverless in-memory, data analytics, artificial intelligence and machine learning, along with Ramco's two decades of exceptional performance in this domain to help enterprises process payroll faster, effortlessly and accurately, while being easy to use.

As a platform-based system, Payce enables organizations to swiftly adapt payroll processes to varying employee numbers and demands in a business landscape characterized by dynamic workforce changes. This flexibility empowers businesses to operate seamlessly despite fluctuations, eliminating the need for time-consuming adjustments and enabling to focus on growth. Payce also facilitates remote access and management of payroll data, providing organizations with unprecedented control and oversight. This accessibility fosters decision-making at any location and time, minimizing delays and optimizing payroll management. By capitalizing on Payce's capabilities, businesses can confidently navigate complexities, drive efficiency, and focus on strategic growth initiatives.

Sundar Subramanian, Chief Executive Officer, Ramco Systems, said "Today, as we unveil Payce, we celebrate our steadfast dedication to achieving greatness. From its inception, Payce has been driven by the purpose to empower our customers with revolutionary payroll management. With its robust features, intuitive design, and deep integration of AI, Payce will not only streamline payroll operations, but also provide organizations with strategic insights. It is more than just software-it is a catalyst for transformation, growth, and success. We are immensely proud to bring this game-changing solution to market, and we look forward to the transformative impact it will have for our customers."

Rohit Mathur, SVP & SBU Head, HR and Payroll, Ramco Systems, said, "In our relentless pursuit of innovation the launch of Ramco Payce marks a pivotal moment in our commitment to streamline and simplify the complex landscape of payroll processing. Payce will empower payroll professionals, enabling them to navigate with efficiency and ease, offering them a modern, user-centric and lightning-fast payroll processing solution with zero technical intervention. Bundled with selfservice reporting, no-code rule builder and payroll workspaces, Payce marks the beginning of a groundbreaking shift in payroll transformation with an emphasis on rapid and seamless implementation and simplified operations. We eagerly anticipate delivering enhanced value to our clients through the innovative capabilities of Payce."

Trusted by 500+ customers worldwide, and powered by continuous tech innovations, Ramco Global Payroll has been at the forefront of delivering global payroll transformation for over 25 years. With a global payroll coverage across 150+ countries, the solution offers seamless integration with leading HCM providers offering an end-to-end digital payroll solution that can be deployed on-cloud or leveraged as a managed service. With new features around self-service reporting, payroll workspace, serverless payroll, and a Quick Implementation Toolkit, Ramco Global Payroll aims to deliver faster and smoother implementations. By leveraging robotic process automation, artificial intelligence, and machine learning, Ramco continues to offer touchless payroll experience.

Shares of Ramco Systems Limited was last trading in BSE at Rs. 302.80 as compared to the previous close of Rs. 313.60. The total number of shares traded during the day was 19256 in over 1363 trades.

The stock hit an intraday high of Rs. 312.00 and intraday low of 293.20. The net turnover during the day was Rs. 5839927.00.


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