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Company type | Public |
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BSE: 532370 NSE: RAMCOSYS | |
Industry | Enterprise software |
Founded | 1997 [1] |
Headquarters | Chennai, India |
Number of locations | 30 Offices Globally |
Key people |
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Products |
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Revenue | U.S. $61.79 million (2023 (March) [2] ) |
Number of employees | 1801+ |
Parent | Ramco Group |
Website | www |
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. [9]
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. [10] In the same year, the company released its ERP product, Marshal 3.0, which was launched by Bill Gates. [10]
In 2002, Ramco Systems launched VirtualWorks, a web-based ERP product that automates software development. [10]
In 2011, the company launched its SaaS ERP service for the aviation, aerospace and defense industries. [11]
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. [12]
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. [13]
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. [14]
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. [15] In the same year, the company also opened a new subsidiary in the United States called Ramco Systems Defense and Security Incorporated (RSDSI). [16] RSDSI is focused on the defense industry in the United States. [16] Ramco Systems Defense has offices in Washington, D.C. and Dallas. [16]
In 2023, Etihad Airways Engineering partnered with Ramco to implement Ramco's Aviation Suite V5.9. [17]
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. [18] In the same year, Ramco Systems appointed its current chief executive officer, Sundar Subramanian. [19]
Ramco Systems’ HR and payroll software includes artificial intelligence-based solutions for HR and payroll, [20] such as its Self Explaining Payslip (SEP) system launched in 2021, which handles employee payroll queries using automated responses. [4] [21] 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. [22]
In 2021, Ramco Systems signed a partnership with the two largest HCM providers, Oracle and Workday. [23] The partnership allowed Ramco to provide multi-country payroll to Workday's MNC client base. [23] In the same year, it announced the launch of its Global Payroll solution on the Oracle Cloud Marketplace. [24] This marketplace serves as a centralized hub for enterprise applications provided by Oracle and its partners. [24] In a collaborative effort, Ramco Systems integrated its comprehensive payroll platform, which spans over 50 countries, with Oracle Fusion Cloud Human Capital Management (HCM). [24]
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. [25] 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. [26]
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. [27] [28]
Ramco Systems’ ERP products such as its Aviation ERP also make use of artificial intelligence and machine learning. [29]
Its aviation software was also adopted by Iraqi Airways in the year 2021. [29]
Ramco Systems began supplying version 5.9 of its aviation maintenance and engineering suite to General Atomics Aeronautical Systems for use in its SkyGuardian Global Support Solutions program in 2022. [27]
In 2023, Etihad Airways announced that it would also be implementing Ramco Systems’ Aviation Suite V5.9 at the MRO Middle East conference. [30] Philippine Airlines joined Etihad Airways in using Aviation Suite V5.9 in the same year. [31] In the same year, they also signed a deal with Australian technology company Nova Systems to develop material resource planning (MRP) software for Nova Systems. [32]
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. [33] The company's ERP software can also redesign business processes end-to-end. [34]
Ramco Systems’ ERP software has been used by large companies, cement units, and maintenance service providers and facility management. [35]
Ramco Systems PM (Project Management) software integrates with HCM (Human Capital Management) and financial modules. It also supports Milestone and T&M (Time and Materials) based project models and comprehensive project tracking with features such as revenue recognition. [36]
Ramco Systems’ logistics software includes AI, machine learning, cloud-based solutions for warehouse management and transportation, freight forwarding, fleet planning, and courier management. [37]
It also provides end-to-end solutions for 3PLs, e-commerce logistics providers, and other businesses that use analytics and artificial intelligence. [38]
The Software's features include asset management, x-dock hub management, automated contracts and billing, procurement, profitability, and ERP financials and payroll. [39]
Ramco Systems artificial intelligence-based solutions include intelligent voice-enabled user controls, and features such as digital task cards, offline maintenance capability, chatbots, HUBs, and cognitive solutions. [9]
Ramco CHIA is a virtual assistant that uses artificial intelligence features such as deep learning and natural language processing to streamline HR transactions. [40]
Ramco Systems has also released a facial attendance system called RamcoGEEK, which used facial recognition technology and temperature recording to create a "touch-less" workplace attendance for use during the COVID-19 pandemic. [41]
Ramco Systems has partnered with Microsoft on products such as Ramco Global Payroll Software, which is integrated with Microsoft Dynamics 365 for Talent. It has also used Microsoft's cloud platform for its cloud computing and Microsoft's Cloud AI platform for artificial intelligence, such as Chia, Ramco Systems’ chatbot which uses Microsoft Luis. [22]
The company has locations in several countries, including: United States, China, Canada, Australia, Philippines, Indonesia, India and South America. [42] [43]
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