Ramco Systems skyrockets ~14% on expanding presence in F-;B Industry with Kudu Company

20 Jul 2022 , 02:27 PM

Ramco Systems Limited, a leading global payroll software provider, expands its presence in the food and beverage industry by partnering with a food transformation pioneer.

Ramco announced that its Global Payroll & HR Solution will be implemented at Kudu Company for Food and Catering, a leading restaurant chain in the Kingdom of Saudi Arabia.

Ramco Systems is a preferred global payroll software provider for many internationally and regionally recognized companies, including Americana Restaurants and Herfy Foods.

Ramco will provide Kudu with a payroll system that meets Saudi Arabian legal requirements, as well as modules covering Core HR, Time & Attendance, and Employee Benefits such as Leave, Travel, and Expense Management. Ramco’s touchless, facial recognition-based Time & Attendance system will also be implemented for real-time employee tracking across 300 branches.

The renowned restaurant chain will start its journey of digital transformation of payroll and HR operations, with Ramco offering the benefits of mobile and chat-enabled self-service capabilities, as well as its Self-Explaining Payslip feature, a smart AI-based service that will enable Kudu’s employees to receive explanations of their remuneration and payslip via Ramco’s virtual assistant, CHIA.

At around 2.31 PM, Ramco Systems was trading at Rs323 up by Rs38.45 or 13.51% from its previous closing of Rs284.55 on the BSE. The scrip hit an intraday high and low of Rs336.85 and Rs285.90 respectively.