Ramco Systems rises on launching Payroll software for Japan

08 Jun 2017

Ramco Systems is currently trading at Rs. 330.05, up by 1.55 points or 0.47% from its previous closing of Rs. 328.50 on the BSE.

The scrip opened at Rs. 327.40 and has touched a high and low of Rs. 333.00 and Rs. 325.00 respectively. So far 3334 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 719.40 on 07-Jul-2016 and a 52 week low of Rs. 286.00 on 15-Dec-2016.

Last one week high and low of the scrip stood at Rs. 346.00 and Rs. 316.70 respectively. The current market cap of the company is Rs. 1009.98 crore.

The promoters holding in the company stood at 55.01%, while Institutions and Non-Institutions held 22.59% and 22.40% respectively.

Ramco Systems has launched Payroll software for Japan on its Global Payroll engine. The highly configurable payroll solution available in both English and Japanese language comes with capability to handle Social and Labour insurance contributions for all states, Resident tax and reporting, bonus tax, among others.

Complete with chatbots, simplified user experience, and an intelligent In-memory based engine which identifies, suggest and resolves errors; Ramco Global Payroll has compliance across 40+ countries and comes integrated with Core HR, Time & Attendance, Talent Management, Recruitment and Analytics.

Ramco is a fast-growing enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HCM and Global Payroll, ERP and M&E MRO for Aviation.


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