Virender Aggarwal, CEO, Ramco Systems, said, “We are excited to further our partnership with ACT; it has been over a decade of working together, and we are happy to provide a more comprehensive service to our long-term customer. As trends such as e-commerce are being pushed to the forefront amidst the COVID-19 pandemic, we are confident that the software will enable ACT to digitally transform their operations, translating into quicker turnarounds at the port.”
Dr Mohammed Amzerba, BOD Chairman, Aden Ports Development Company (APDC), said, “When we were looking for a partner to digitise our HR and finance operations, it was an easy choice, given Ramco’s steadfast support throughout the years coupled with their deep knowledge of the industry. The Ramco team has delivered a strong performance over these 12 years, and we believe the implementation of their next-generation technology will enable us to keep our competitive edge.”
The duo has been in partnership since 2009, and with the latest association, the companies will see the upgrade of ACT’s HR, payroll and financial accounting capabilities, modernization and digitisation of existing applications, and introduction of newer technologies and innovations such as Payroll Hub, Accounts Payable/Accounts Receivable hubs, as well as mobile apps, with a sleeker and more comprehensive dashboard.
As per the regulatory filing, Ramco’s HR & Payroll modules will provide reporting capabilities to enable ACT’s management to make on-the-spot decisions for payroll, bonus, leave and attendance, while the Financial Accounting module will cover items such as accounts payable, accounts receivable and the general ledger, all on a unified dashboard. The implementation of these new features will minimise manual processes and human intervention, thereby enabling the company to reduce its paper usage.
Notably, Ramco ERP has been delivering significant innovation, cost savings, and superior business processes to global organisations. Ramco’s focus on usability, context-awareness, mobility, overall flexibility and comprehensive functionality has enabled smooth technological transitions for customers.
At around 12.22 pm, Ramco Systems trading at Rs617.95 per piece up by 3.4% on Sensex.