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16 August, 2018 02:48 IST
Ramco Systems wins multi-million-dollar software deal from Philippines'
Source: IRIS | 09 Aug, 2018, 11.34AM
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Ramco Systems has bagged a software deal from AP Carqo Loqistic Network Corp., Philippines' leading domestic provider of express logistics for air cargo and other goods.

AP Carqo will implement Ramco Systems' (Q,N,C,F)* Logistics Software to streamline its freight operations nationwide.

As part of the agreement, Ramco wlll implement its unified, mobile-friendly modules for transport management, hub management; warehouse management, fleet management, visibility; rating and billing, finance and accounting, integrated with end-to-end HR and Payroll compliant with Philippines' statutory requirements at AP Cargo.

Ramco, which set up its Philippine subsidiary in mid-2016 has been witnessing stupendous growth in the region, with nearly 40o/o of the new order booking for APAC in 2017-18 coming from Philippines. Ramco's continuous thrust on Logistics segment and focus on employing some of the innovative minds locally, has been strengthening the company's position in the region.

Virender Aggarwal, CEO, Ramco Systems, said, "We are pleased to announce AP Cargo as our latest customer in the logistics and shipping space. Logistics is the backbone of global trade and the Philippines has enjoyed remarkable growth in recent times. Our intelligent, mobile-friendly enterprise suite has won us the trust of customers throughout the Philippines, helping local enterprises optimise their operations and meet the changing demands of commerce in the region."

"Having already secured partnerships with leading logistics providers in the Philippines, we have built our solution to address specific pain points in this market and enable clients to leapfrog the competition. This win represents another milestone in our ongoing journey to strengthen our presence in the high-growth ASEAN economies," added Aggarwal.

Shares of the company gained Rs 16, or 4.24%, to trade at Rs 393.05. The total volume of shares traded was 8,473 at the BSE (11.24 a.m., Thursday).

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