Ramco Systems, an enterprise software provider on Cloud, Mobile and Tablets, announced the launch of China Payroll Software. The announcement made on the occasion of Indian Prime Minister's visit to China, aimed at highlighting the thrust placed by 'Made in India' software firm Ramco in building capabilities to address Chinese market.
Multinational companies which have long struggled with different tax regimes will now be able to harmonise their entire payroll-including locals and expatriates- into a single unified bilingual platform from Ramco Systems.
With a comprehensive coverage of APAC, Middle East and Australia, Ramco Global Payroll covers countries such as Hong Kong, Philippines, Thailand, Indonesia, Singapore, Malaysia, Vietnam, India among others in APAC; all of GCC and Egypt, Nigeria, Ghana, Sudan, Republic of S. Africa, in Middle East-Africa; Australia, New Zealand, United States and UK.
Ramco HCM solution can be configured to accurately comply with different tax regulations, enabling more companies to meet the Chinese Government's taxation compliance standards. The payroll solution also includes Mandarin and English language capabilities for local and expatriate staff respectively. Ramco's solution also includes new functions for employee stock ownership plans ("ESOPs") and social insurance contributions.
Virender Aggarwal, CEO, Ramco Systems, said, ''Including China in our worldwide payroll introduces our solution to a major growth market. Many of our current and prospective multinational clients have established operations in China for strategic reasons.''
''The Asia Pacific region has been the stronghold for our HR software, and we are strengthening our presence with the addition of Chinese Payroll to our overall offering. China's inclusion underscores our commitment to offering a holistic global solution that helps customers transform their businesses.''
Shares of the company gained Rs 19, or 3.19%, to settle at Rs 615.50. The total volume of shares traded was 1,574 at the BSE (Thursday).
