Ramco Systems, a leading enterprise software company focusing on enterprise cloud platform, products and services announced that it has won a Multi-million dollar Payroll Transformation order from one of the FTSE 100 constituent and British Multinational Banking & Financial Services company. Ramco will enable the BFSI major in consolidating its multi-country Payroll on a unified platform and provide Managed Payroll Services for its associates spread across 14 countries.

With Ramco's Global Payroll platform, the BFSI major will derive benefits of a unified payroll processing system which will effectively and efficiently handle operations of 8500+ employees across Asia covering Vietnam, Brunei, Bangladesh, Sri Lanka & Nepal; and the Middle East covering Iraq, Bahrain, Oman, Qatar, Saudi Arabia, Egypt, Lebanon, Jordan and UAE in Phase 1. The scope includes providing Payroll, Taxes, Time & Attendance, Leave Management, Loans and Reimbursements and Self Service.

Virender Aggarwal, CEO, Ramco Systems, said, ''As a Product company, we have placed utmost thrust towards Innovation and Usability in our offering. From Chatbots for employee self-service to Robotic Process Automation which drives productivity and performance improvement; the Payroll market has witnessed multiple innovations being rolled out. Global organizations with a dispersed workforce across geographies find the combination of Platform with Services a unique differentiator as it ensures their investments are secured for both current as well as future needs.''

Shares of the company gained Rs 38.7, or 10.39%, to trade at Rs 411.20. The total volume of shares traded was 51,951 at the BSE (11.30 a.m., Tuesday).