Global payroll solution provider, Ramco Systems, announced that it has entered into a partnership with BDO India LLP, one of India’s leading professional services organisations, part of BDO International, globally the 5th largest Network with presence in more than 162 countries. The partnership leverages the distinctive strengths of each entity, positioning Ramco as the Technology Platform Provider and BDO India as the Payroll & Managed Services Provider.
This partnership merges state-of-the-art technology, payroll computation & advisory, with an unwavering commitment to security and data privacy. The aim is to redefine the outsourced payroll experience for managing global payrolls through scalable expert solutions that span beyond borders, as per the statement.
Through the platform, organisations will have access to a unified view and control hub for all country payrolls, ensuring unparalleled efficiency and consistency. In addition, the platform offers ready-built and certified connectors with global HCM solutions, reducing implementation time and ensuring hassle-free connectivity. With BDO’s reach across the world and ability to provide last-mile compliance, the collaboration of technology and best-in-class service, it is expected to bring a compelling proposition for MNCs as a partner of choice in the future for their payroll and HCM requirements, according to the statement.
Commenting on the partnership, Milind Kothari, Managing Partner, BDO India, said, “With the global market undergoing a dynamic transformation, organisations require expert-designed frameworks to navigate the diverse regulatory and reporting requirements across borders. We’re glad to collaborate with Ramco to forge a path towards a one-stop global payroll future. This strategic partnership combines the capabilities of Ramco’s leading payroll platform with our strong expertise in advisory and global delivery to offer solutions that transform, simplify and streamline payroll processes with a holistic view of global operations. The collaboration will not only enable accurate and timely compliance but also lend clients a competitive edge through improved efficiency and productivity in today’s fast-paced and demanding business landscape. We’re excited about this partnership and the opportunities it will create for us and the businesses we serve together. Our existing efforts in the global payroll space are already a testament to the benefits of our synergies and we hope to extend them to other businesses as well.”
Sundar Subramanian, Chief Executive Officer, Ramco Systems, said, “Joining forces with BDO India reflects our dedication to delivering cutting-edge technology bundled with associated services, to enable a world-class payroll experience. We are very excited to share how Ramco & BDO India will offer an integrated payroll service for MNCs operating across the globe. Ramco’s next-gen innovations like low-code framework, lightning-fast in-memory payroll, self-service reporting and payroll workspace, together with BDO’s adept advisory, data security and privacy will provide an integrated payroll service for our global clientele. With some customers already benefitting from this partnership, we are excited to extend our joint global payroll transformation to the entire market.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.