Ramco Systems shines on unveiling GPS and NFC features for Ramco HCM

18 Feb 2014

Ramco Systems is currently trading at Rs. 165.00, up by 1.05 points or 0.64% from its previous closing of Rs. 163.95 on the BSE.

The scrip opened at Rs. 168.45 and has touched a high and low of Rs. 168.45 and Rs. 168.45 respectively. So far 30 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.00 on 23-Jan-2014 and a 52 week low of Rs. 67.55 on 04-Jul-2013.

Last one week high and low of the scrip stood at Rs. 178.00 and Rs. 160.35 respectively. The current market cap of the company is Rs. 91.00 crore.

The promoters holding in the company stood at 68.54% while Institutions and Non-Institutions held 2.15% and 29.31% respectively.

Ramco Systems’ comprehensive HR & Talent Management solution Ramco HCM on Cloud (Human Capital Management) will be available with GPS (Global Positioning System) and NFC (Near Field Communication) Support. With this new feature, Ramco HCM will offer its customers an option to record NFC based time and attendance to authenticate, trace, and interact with employees at various levels.

Commonly used attendance mapping systems such as Biometric and Swipe cards are limited in scope, high on investment and do not scale to the needs of a geographically dispersed workforce. Ramco HCM with its GPS + NFC based attendance management system is aimed at addressing this pain point of an organization. The NFC feature provided also prevents proxies and increases the accuracy of attendance. For Attendance clocking, employees are issued a card that contains an NFC tag. Upon holding the card close to an NFC enabled device, such as a smart phone, employee is instantly recognized and authenticated. The smart phone acts/becomes a Kiosk.

Ramco HCM on Cloud is a comprehensive solution that covers every aspect of an employee lifecycle: Workforce Management, Recruitment, Talent Management, Employee Development, Workforce Planning and Payroll & Benefits, Ramco's experience and knowledge gained over the years has been invested in re-ardhitecting the product to bring in a Gen-Y interface, making it accessible on Smart phones (iPad, Android and Windows 8), integrating it with Social channels, besides bringing in the speed and agility of an In-memory engine and the intuitiveness of a context-aware solution

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