Global Payroll software provider,
Ramco Systems on Wednesday announced that the company has been named as a 2020 Technology Leader in Quadrant Knowledge Solutions’ SPARK Matrix Analysis of the global Multi-Country Payroll Solution (MCP) market.
As per the filing, the Quadrant Knowledge Solutions SPARK Matrix includes a detailed analysis of global retail execution market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of leading multi-country payroll vendors in the form of its SPARK Matrix, providing strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.
Virender Aggarwal, CEO, Ramco Systems, said, “Our focus on leveraging artificial intelligence and machine learning in areas such as anomaly detection, reasoning engine and self-explaining pay slip has helped us stay ahead of others in the global payroll market. With compliance across 50+ countries and a roadmap to add 12 more in the coming year, we continue to win the trust of Fortune 500 & MNCs looking for a seamless payroll experience. We thank our customers and partners for supporting us in this journey which has cemented us as a leading payroll provider with an innovative edge and delivering customer impact in the 2020 SPARK Matrix for Multi-Country Payroll.”
According to Quadrant Knowledge Solutions, the multi-country payroll market is currently transitioning from early adoption to the rapid growth stage of the overall product lifecycle. While multi-country payroll is essentially around for several years, the current advanced solutions powered by robotic process automation, advanced analytics, artificial intelligence, and machine learning is increasingly gaining market traction across industry verticals and various geographical regions.
On Sensex, Ramco Systems closed at Rs597.15 per piece up 0.9%.