News: Ramco Systems signs million dollar deal with Panasonic Malaysia

Payroll & Benefits Administration

Ramco Systems signs million dollar deal with Panasonic Malaysia

Panasonic Group of Companies in Malaysia has opted for Ramcos HCM & Payroll offerings to consolidate HR and Payroll operations spread across 21 legal entities covering around 20,000 employees on unified platform powered by mobility and analytics.
Ramco Systems signs million dollar deal with Panasonic Malaysia

Panasonic Group of companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of India-headquartered HR software major Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform.

Ramco System’s award-winning Human Capital Management (HCM) solution will integrate with multiple enterprise applications and finance systems in individual companies for statutory and payroll requirements.

Panasonic Group of companies in Malaysia will lead the digital HR transformation initiative with a cloud-hosted Ramco HCM suite covering core HR, time & attendance, talent management, recruitment, planning & analytics in addition to payroll. With this initiative, the role of HR management in Panasonic Group will evolve from administrative roles to more strategic and business transformation roles by leveraging the reporting and analytical capabilities of this new system.

Cheng Chee Chung, Managing Director, Panasonic Management Malaysia Sdn. Bhd. & Panasonic Malaysia Sdn. Bhd. said, 

'As our Malaysia operations expand, the complexity of managing human resources and talent also grow multi-fold. We wanted to be a forerunner in Malaysia in leveraging technology to build a centralized HR & Payroll system. Ramco’s ability to comprehend and offer the solution to the complex needs of our operations, coupled with proven success stories and the ability to offer the power of cloud, mobility including analytics all on a unified HR & Payroll platform sealed the deal in their favor. We look forward to bringing our businesses closer together through this initiative.”

On the part of employees by using this new integrated system, all the tedious and time consuming HR processes will be simplified and fully automated. Employees can now be able to apply leave, manage claims, and pull pay slips using self-service features across various platforms including smart phones, tablets and desktops.

P.R Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems, said, 

'Ramco HCM has been winning in the home territory of legacy ERP providers, thereby proving that companies are keen to leverage HR systems that offer simplicity and technological superiority. We are seeing a growing trend among multinationals wanting to consolidate their multi-country HR operations on a single platform. Signing this deal with Panasonic Group of companies in Malaysia is a great endorsement of Ramco’s ability in addressing this market need.”

Hiroyuki Imizu, Deputy Managing Director, Panasonic Management Malaysia, said, 

'We have embarked on a digital HR program to cross leverage the best practices across our multiple business entities while bringing in harmonization in HR processes and systems. Through this transformative project, we lay the foundation for our HR shared services and we wish to showcase the benefits that can be derived from using Ramco unified platform across multiple business entities.”

Ramco Systems has seen significant growth in APAC, winning the trust of leading multinationals and Fortune 500 companies.

On the success in APAC, Virender Aggarwal, CEO, Ramco Systems, said, 

'We have invested in building statutory compliance and capabilities to address all of APAC including Japan, Australia, New Zealand; Middle East and most parts of Africa. While most Global HR software have been built to address U.S. or Europe markets, our ability to cover this part of the world gives us a unique standing in the market. Ramco HCM with Global Payroll will be our growth lever in 2017 and will play a significant role in consolidating our leadership in the region.”

Read full story

Topics: Payroll & Benefits Administration, HR Technology, HCM/HRMS/HRIS

Did you find this story helpful?



How do you envision AI transforming your work?

Your opinion matters: Tell us how we're doing this quarter!

Selected Score :