News | January 23, 2024

Ramco Systems Joins Hands With BDO India To Improve Payroll Management Experience For Enterprises

Together, we provide businesses with a consistent digital platform that delivers consultancy-led expertise, premium customer experience, and unparalleled security and data privacy.

Mumbai and Chennai /PRNewswire/ - Ramco Systems, a global payroll management solution provider, announced that it has entered into a cooperation agreement with BDO India LLP (a member company of BDO International) , India's top professional services organization. BDO International is the fifth largest network in the world, with operations covering more than 162 countries and regions. In this cooperation, Ramco will serve as the technology platform provider, while BDO India will serve as the payroll and management service provider, making full use of the unique advantages of each party.

The partnership combines state-of-the-art technology, payroll calculations and consulting while adhering to a commitment to security and data privacy. The goal of the collaboration is to redefine the outsourcing experience of global payroll management through scalable professional solutions across borders.

Through the platform, companies can use a unified data and control center for payroll in all countries/regions, ensuring extremely efficient and consistently stable performance. In addition, the platform provides ready-made and certified connectors that bridge global HCM (Human Capital Management) solutions, shortening implementation time and ensuring seamless connectivity. Leveraging BDO's global footprint and "last mile" compliance service capabilities, technological cooperation and best-in-class services, the platform is expected to become the future ideal choice for multinational companies' payroll management and HCM needs.

Commenting on this collaboration, Milind Kothari , Managing Partner of BDO India , said: "With the rapid transformation of global markets, companies need expert-designed frameworks to deal with diverse cross-border regulatory and reporting requirements. We are delighted to join hands with Ramco to build a future-oriented ’s one-stop global payroll platform. This strategic partnership combines Ramco’s leading payroll platform with our expertise in consulting and global delivery to provide solutions that transform, simplify and streamline payroll processes from an overall operational perspective. This partnership will Not only can it achieve accurate and timely compliance, but it can also help customers form competitive advantages by improving efficiency and work efficiency in today's ever-changing business environment. This cooperation excites us and provides a win-win situation for us and our customers. Creating opportunities. Our global payroll efforts demonstrate the synergies we have and we hope to bring these benefits to other businesses as well.”

Sundar Subramanian , CEO of Ramco Systems , said: "Joining forces with BDO India reflects our commitment to provide cutting-edge technology in related services to bring a world-class payroll experience to our customers. We can't wait to share that Ramco and BDO India will jointly launch a specially designed global Total payroll services for multinational companies. Ramco's next-generation innovations (such as low-code frameworks, high-speed in-memory payroll management, self-service reporting and payroll workspaces) and BDO's professional consulting, data security and privacy will provide our global Clients are provided with a full range of payroll services. Some clients have already benefited from this collaboration and we plan to bring our joint global payroll management transformation services to the entire market.

Ramco Global Payroll is trusted by more than 500 customers around the world, and with its continuous technological innovation, it has been at an important position in the transformation of global payroll management over the past 25 years. Covering more than 150 countries around the world, the solution seamlessly integrates with major HCM vendors to provide an end-to-end digital payroll solution that can be deployed in the cloud or as a managed service. Ramco Global Payroll strives to deliver faster and smoother tools with new features around preset configurators, self-service reporting, financial wellness tools, payroll workspaces, in-memory payroll engines and implementer modules. By leveraging process automation, artificial intelligence and machine learning, Ramco continues to provide a frictionless payroll management experience.

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About BDO India LLP :
BDO India LLP is the Indian member firm of BDO International. BDO India provides professional accounting, tax, consulting, business services, as well as digital transformation and domain-leading technology solutions to clients across industries. Our payroll and management services provide a high-quality payroll experience to global enterprises. BDO has over 300 partners and directors in India and a team of over 9,000 professionals* across 12 cities across the country. Leveraging on its rich experience and expertise, BDO India fosters an innovation- and solution-oriented work culture. *Includes BDO’s shared service centers in India

Introduction to Ramco Systems
Ramco Systems is a world-class enterprise software product/platform service provider that has disrupted the market with its multi-tenant cloud and enterprise mobile software and has successfully driven innovation over the past 25 years. Over the years, Ramco has served more than 1,000 customers worldwide and has more than 2 million users, delivering substantial business value in the global payroll, aerospace and defense, and ERP (enterprise resource planning) sectors.

Source: Ramco Systems

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