Moneycontrol
Jun 14, 2016 12:30 PM IST | Source: Moneycontrol.com

Ramco System up 3%, synchronises payroll operations of travel co

"...announced that its managed payroll services has successfully gone live at MakeMyTrip," says the Chennai-based software company that focuses on enterprise cloud platform, products & services.

Ramco System up 3%, synchronises payroll operations of travel co

Moneycontrol Bureau


Enterprise software company Ramco Systems shares gained 2.6 percent intraday Tuesday after successfully synchronisation of payroll operations of travel company.


"...announced that its managed payroll services has successfully gone live at MakeMyTrip," says the Chennai-based software company that focuses on enterprise cloud platform, products & services.


With this platform, the travel company now derives benefits of a unified payroll processing system to effectively and efficiently handle operations of its more than 1,600 employees.


Ramco implemented payroll, taxes, flexi-benefit plan, reimbursements and self service modules.


"Our platform-centric approach to payroll coupled with multi-country statutory compliance offers a compelling value proposition for organisations striving to automate operational HR," Virender Aggarwal, CEO, Ramco says.

At 11:33 hours IST, the scrip of Ramco System was quoting at Rs 704.50, up Rs 6.50, or 0.93 percent on Bombay Stock Exchange.

Posted by Sunil Shankar Matkar

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