Leading global payroll software provider Ramco Systems announced that it has been positioned as a LEADER in Everest Group’s first ever Multi-country Payroll (MCP) Solutions PEAK Matrix® Assessment 2022 for APAC. Download Report
Evaluating service providers based on their market success and capability, this year Everest Group assessed 20 MCP service providers in terms of their market impact, vision & capability. Ramco’s strong footprint in the Asia-Pacific region, together with its focus on offering a touchless payroll experience by leveraging next-gen technology like AI, ML and RPA have proved to be the game-changers in ensuring a prominent place as a Leader in the PEAK Matrix®.
“Ramco’s differentiation lies in providing a unified payroll platform for more than 60 countries, with 45+ countries in the APAC region. Its investments and partnerships are aimed at expanding its technology offering and simplifying the implementation cycle for end clients is well aligned with buyer expectations positioning it strongly in the MCP space and contributing to its position as a Leader in Everest Group’s APAC MCP PEAK Matrix® Assessment 2022.” stated Priyanka Mitra, Practice Director, Everest Group.
According to Everest Group, the Multi-country Payroll (MCP) solutions market has expanded steadily over the last few years and is expected to record a market size of USD 4 Billion, with a shift toward an employee-centric payroll, during the forecast period 2023. Several regulatory changes during the pandemic have heightened the regulatory pressure on enterprises and are expected to continue in the long run. Today, organizations are constantly looking for providers that can not only assist them in remaining compliant, but also improve the entire payroll stakeholder experience.
Commenting on the recognition, Rohit Mathur, Head – Ramco Global Payroll & HR Solution, Ramco Systems, said, “Artificial intelligence and machine learning have been disrupting the future of global payroll. At Ramco, we have been investing our time and efforts in helping modern organizations transform their payroll from an administrative function to strategic decision-making, through AI-powered automation, and innovative concepts around self explaining payslip, voice-enabled payroll navigation, chatbots, and more. We continue to add more countries to expand the coverage on our platform which is our unique proposition to our customers. Our positioning as a Leader in Everest Group’s APAC MCP PEAK Matrix® Assessment 2022, is testament to our commitment in delivering a robust digital payroll platform. Ramco is all excited to be at the helm of next-gen payroll technology, enabling global organizations embrace the era of modern payroll platforms.”
