Ramco Systems announces collaboration with Wagestream

20 Oct 2022 , 12:32 PM

Ramco Systems Limited announced a partnership with Wagestream, Australia’s biggest charity-backed fintech, to provide real-time pay monitoring, flexible pay, money coaching, and other financial wellness products to organisations across Australia, in conjunction with the Ramco Global Payroll system.

This collaboration exemplifies Ramco’s aim of improving employee well-being by providing employees with knowledge and resources to improve financial well-being and inclusivity, as well as boost staff productivity and workforce engagement of their customers.

Wagestream relieves financial stress for employees by allowing them to lessen their dependency on high-interest loans and develop healthy financial habits. As a result, Wagestream is proven to assist firms in filling available posts faster, increasing shift filling, and decreasing attrition.

With this collaboration, enrolled employees will be able to access Wagestream with a single click via Ramco’s platform.

Wagestream is a charity-backed, mission-led, responsible financial well-being expert, partnering with employers such as Pizza Hut, Hungry Jack’s, and Freedom. It provides innovative solutions such as earned wage access, real-time pay tracking, and 1:1 live chat financial coaching to address employees’ number one concern – financial stress.

At around 12.39 PM, Ramco Systems was trading at Rs258 up by 0.31% from its previous closing of Rs257.20 on the BSE. The scrip touched intraday high and low of Rs260.55 and Rs253.45 respectively.

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