Ramco has announced that RAKBANK has upgraded its HR and Payroll solution to the latest version of Ramco. This means that RAKBANK has re-invested in its Ramco solution, first implemented in 2004. The bank has 4,240 employees as at 31 December with 38 branches across UAE. It uses Core HR, Recruitment, Talent Management, Leave, Time & Attendance and Payroll.

With the new version it can take advantage of the Ramco mobile and chatbot solutions to further automate and extend the efficiency of the solution across the organisation. Geoff Stecyk, COO of RAKBANK commented: “To offer better banking solutions to our customers, we needed to empower our employees and keep them motivated and engaged. Ramco’s complete suite with features around chatbots and mobility, has helped us deliver this with ease. Having been associated with Ramco for over 15 years, we were confident Ramco was the best fit to address our current and future needs.”

Ramco continue to win and retain existing clients for its multi country HR and Payroll solution. Recent recognition for its solution was given by Everest Group in its PEAK Matrix for multi country payroll platforms where it was positioned as a major contender. It has a strong customer base in the Middle East, Asia and a growing presence in Australia. Virender Aggarwal, CEO, Ramco Systems, said, “Over the years, our HCM solution has gained the trust of numerous leading businesses and industry leaders. Our focus and thrust on delivering the best, bundled with latest technology stacks like Artificial Intelligence, Machine Learning, Voice and Chatbots, has helped us in winning the trust of clients across the globe. It has been a wonderful working experience with RAKBANK and we look forward to continuously deliver the best to them.”.

Enterprise Times: What does this mean

Both Everest and Gartner have recognised Ramco as a significant player. This announcement re-affirms its strength in the Middle East. However, to date it has failed to penetrate Europe and North America for its payroll and HR solution, despite its innovation within its technology.


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