Ramco Payce: AI-enhanced payroll solution launches in KSA to tackle modern workforce challenges

The cutting-edge payroll system is set to help organizations focus on broader workforce management trends while simplifying payroll processes

KSA has emerged as a significant market in the evolving global business landscape and has been attracting companies from around the world. As companies flock to the region, one of their key focus areas will be payroll management. Amid the rise in globally dispersed workforce, remote working, and evolving regulatory frameworks, managing payroll efficiently is understandably a priority. Launched against this backdrop is Ramco Payce, a cutting-edge payroll software solution designed to help businesses navigate the challenges.

Payce is a comprehensive solution built by Ramco Systems, a global payroll management provider whose primary objective is to make payroll functions easier so that leaders can focus on larger strategic goals. Payce does this through a seamless payroll platform covering 150+ countries, enabling businesses to effortlessly onboard additional employees and legal entities either through organic growth or through mergers and acquisitions. To ensure adherence to the local data protection laws, Ramco has its servers situated in multiple regions.

The rapid economic growth in the Middle East has meant a rise in remote workers and diverse global workforces. This has progressively grown into a significant payroll challenge for businesses in the region. Sundar Subramanian, CEO of Ramco Systems, who spearheads the organization’s growth strategy with an emphasis on customer success through automated platforms, explained the need for payroll efficiency today. He particularly highlighted Payce's capacity to accommodate growth seamlessly, which is an important requirement in the KSA business context. 

"As the KSA's economy opens up and workers migrate to the Kingdom from around the world, having a tech-enabled payroll platform is essential for businesses. These platforms can enable businesses to streamline their payroll processes and ensure timely payouts for their employees, especially the globally dispersed workforce," Sundar said.

The product was unveiled in the Middle East through launch events in Dubai and Riyadh over the last month. At its simplest, Payce streamlines workforce management with intuitive interfaces for managing leave, expenses, payslips, timesheets, and personal information. It also provides a real-time view of payroll activities and uses advanced technologies like serverless in-memory computing and artificial intelligence and machine learning for fast and accurate payroll processing.

Payce is especially beneficial to the company leadership due to its artificial intelligence (AI) and machine learning (ML) enabled data and prediction capabilities. It will equip businesses with real-time analytics and report creation, enabling them to gain AI-powered insights without coding. At a strategic level, this will provide insights into productivity and satisfaction within an organization. 

Moreover, it will give boardrooms the information needed to solve macro trends related to pay parity, inclusivity, and diversity while tracking payroll variances. Rohit Mathur, SVP & SBU Head, Global Payroll & HR at Ramco Systems, who oversees partner and product management, engineering, and global presales, explained how this is achieved.

“A tech-and-data-led payroll solution will play a crucial role in enabling businesses to conduct profitability analyses,” Rohit said. “For example, the solution will provide nuanced insights, including how much an organization is paying different types of workers such as expats, contract, gig and full-time workers across each designation and job family, thereby aiding the business in optimizing their spending on talent.”

Payce’s feature list is in line with the bigger goals Ramco is setting out to achieve: Reduce payment errors, ensure geographic compliance, and address payroll grievances — all with an efficiency that requires minimal manual intervention from higher leadership. As the KSA continues to attract global business, Payce is poised to lead that transformation in payroll management through this simple but effective approach.

About Ramco Systems

Ramco Systems is a world-class enterprise software product/ platform provider disrupting the market with its multi-tenant cloud and mobile-based enterprise software, successfully driving innovation for over 25 years. Over the years, Ramco has maintained a consistent track record of serving 1000+ customers globally with 2million+ users, and delivering tangible business value in Global Payroll, Aviation Aerospace & Defense, and ERP. Ramco’s key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform. On the innovation front Ramco is leveraging cutting edge technologies around Artificial Intelligence, Machine Learning, RPA and Blockchain, amongst the others, to help organizations embrace digital transformation.

Sundar Subramanian, Chief Executive Officer, Ramco Systems

With over three decades of global technology leadership experience, Sundar Subramanian excels in nurturing customer relationships, driving sales, improving operational efficiency, and integrating acquisitions. As CEO of Ramco Systems, he spearheads the organization’s growth strategy, emphasizing execution and customer success through automated platform implementation. Prior to Ramco, Sundar led delivery and operations at multinational IT companies like Mphasis, Cognizant, IBM, and PwC, accelerating their growth and turning around businesses in India and US.

About Rohit Mathur, SVP & SBU Head, Global Payroll & HR

Rohit Mathur is a seasoned business leader with over 20 years of experience in Strategy/IT consulting, Presales, Program Management and Business Development. As the Head of Ramco’s Global Payroll & HR Business Unit, Rohit is responsible for the financial performance of the business unit. In his role, Rohit oversees partner management, product management, engineering, and global presales, in addition to supervising sales operations in India, Middle East & Africa