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Ramco Systems named leader in multi-country payroll platform market
Fri, 14th Apr 2023
FYI, this story is more than a year old

Quadrant Knowledge Solutions has announced that it has named Ramco Systems as a Q4 2022 Technology Leader in its SPARK Matrix analysis of the global Multi-Country Payroll Platform market. 

The Quadrant Knowledge Solutions SPARK Matrix: Multi-Country Payroll Platform, Q4, 2022, includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Multi-Country Payroll Platform vendors and gives strategic information for users to evaluate vendor capabilities, competitive differentiation, and market position.

"Ramco Systems, through its emerging technologies-infused smart payroll software, enables organisations to streamline, simplify, and improve their payroll process," says According to Nikhilesh Naik, Analyst, Quadrant Knowledge Solutions. 

"Through its Ramco payroll processing solution, the company empowers its users to create organisation-specific rules, formulate policies related to attendance, earnings, bonus, deductions and leave, maintain compliance and manage variance according to geographies, and design and implement multi-decimal, multi-currency payroll," he says. 

"With its proprietary Enterprise Cloud Computing platform, Ramco VirtualWorks, Ramco Systems enables organisational decision makers to simplify the process of accommodating new clients and their employees, manage multiple HR and payroll activities through a single platform, and provide utmost accessibility to employees.

"Ramco Systems, with its comprehensive technology for the Multi-Country Payroll Platform, has received strong ratings across the parameters of technology excellence and customer impact and has been positioned amongst the technology leaders in the SPARK Matrix of the Multi-Country Payroll Platform market, Q4, 2022."

Commenting on the recognition, Rohit Mathur, Head Ramco Global Payroll & HR Solution, Ramco Systems, says, "Organisations are increasingly turning to payroll solutions that elevate their employee experience and enable their payroll teams to play a greater role in strategic decision making. 

"Our focus on providing automation and transformation features like anomaly & reasoning engine, pro-active chatbots, self-explaining payslip, financial wellness services, and voice-based navigation powered by AI, ML & RPA has put us ahead of the curve in the multi-country payroll market," he says. 

"To provide our clients with greater payroll coverage on a single platform, we continue to add more countries on our payroll engine. Our positioning as a Technology Leader in Quadrant Knowledge Solutions Multi-Country Payroll SPARK Matrix is testament to our efforts to provide a next-generation payroll experience for our customers."

The Multi-Country payroll platforms have gained increasing traction in the recent past due to the increasing geographical presence of organisations across the globe. With organisations inducting a plethora of employees from diverse backgrounds, adhering to stricter regulatory compliances and increasingly complex payroll processes an advanced Multi-Country Payroll Platform equipped with emerging technologies is the need of the hour. 

A next-gen payroll solution will enable the HR teams to focus more on other employee related issues and design policies to improve employee experience.