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Ramco Systems has been recognised as a 'Leader' in the 2024 APAC Multi-Country Payroll (MCP) Solutions PEAK Matrix Assessment by Everest Group for the third consecutive year.
The assessment evaluates 28 service providers based on market success, vision, and capability. Ramco Systems' position as a leader is attributed to its strong presence in the APAC region and comprehensive payroll services.
Priyanka Mitra, Vice President at Everest Group, commented on the evolving payroll market: "In recent years, the payroll market has been witnessing a shift toward a more technology-enabled ecosystem to cater to the evolving needs of buyers. Ramco exemplifies this trend with its technology-first approach, evident through the launch of its Payce platform, which leverages next-gen technologies to minimize manual intervention across the payroll value chain, improving both payroll processing efficiency and user experience. Additionally, its strong footprint in the APAC region, along with its recent partnerships aimed at extending its geographical reach and capabilities further has solidified its position as a Leader on the Everest Group's APAC Multi-country Payroll (MCP) Solutions PEAK Matrix Assessment."
Rohit Mathur, Senior Vice President and SBU Head of Global Payroll & HR at Ramco Systems, stated: "At Ramco, we are committed to helping organizations achieve payroll transformation with our innovative solutions and exceptional services. Ramco Payce, launched earlier this year, is the latest iteration of this commitment, offering a modern, user-centric, and lightning-fast payroll processing solution. With advanced capabilities like on-demand reporting, no-code rule building, and actionable payroll workspaces, Ramco Payce is empowering organizations to optimize their payroll operations, enhance employee efficiency, and generate insights for decision-making and growth. Being recognized as a Leader by Everest Group further validates our strategic direction and our impact in the market."
Ramco's offerings include global payroll services with coverage across 150 countries. The solution integrates seamlessly with leading Human Capital Management providers, providing an end-to-end digital payroll solution available on cloud or as a managed service. The company's advanced features, including self-service reporting, payroll workspace, serverless payroll, and a Quick Implementation Toolkit, aim at delivering faster and more efficient payroll implementations.
The company's push towards a "touchless payroll experience" relies heavily on robotic process automation, artificial intelligence, and machine learning technologies. These initiatives are part of Ramco's broader strategy to maintain its position in the payroll solutions market.
