Ramco Systems announced that it has been positioned as a contender in The Forrester Wave(TM): SaaS Human Resource Management Systems, Q3 2017, recently published by Forrester Research, Inc.
Ramco was among the select companies that Forrester invited to participate in its 2017 Forrester Wave evaluation. Cited as a Contender in The Forrester Wave: SaaS Human Resource Management Systems, Ramco’s highest top-level criteria scores were for comprehensive HR functions, product strategy and vision.
Evaluated against 35 criteria, grouped into three high-level buckets – Current Offering, Strategy, and Market Presence, Forrester identified eight most significant SaaS HR Management System providers, and recognized Ramco as looking to “gain momentum as a multinational HR solution provider.”
According to the report, the total size of the HR management software market (including HRMS, talent suites, and point solutions in all deployment models) is expected to be $21 billion in 2017 and grow by 14% to $24 billion in 2018. In its report, Forrester also cites “… Ramco HCM is a good option for medium to large multinational companies based in Asia and the Middle East and is a good complement to its ERP solution, which is built on the same platform. It is also a good option for regional deployments by large multinationals that want to leverage Ramco’s breadth of payroll coverage where the system coexists with a global HR management system.”
Virender Aggarwal, CEO, Ramco Systems, said, “The HR software market is one of the fastest to embrace SaaS. I believe that Ramco’s entry into the recent Forrester WAVE for SaaS HRMS is a testament to the wide acceptance of Ramco as one the few full suite HCM providers with Payroll (for 40+ countries) and Time and Attendance as part of the offering. Ramco provides the same product on SaaS, on premise and private cloud options thereby giving customers unprecedented flexibility in deployment. Ramco has pioneered the concept of Zero UI with Chatbots based ESS/MSS and facial recognition based attendance system. After capturing a significant market opportunity in Asia and Middle East, we are all set to expand into North America and Europe with a single unified HCM with Global Payroll offering. This recognition will further enable us expand our footprint and help global enterprises embark on a HR transformation journey.”
Trusted by 450+ global customers, Ramco HCM & Global Payroll with Time & Attendance has built-in Mobility and Intuitive user experience. With innovative concepts of Haptic Design, Context-sensitive Pop-ups, Facial Recognition based Attendance and Chatbots to carry out self-service, Ramco has been setting the benchmark for Innovation in this segment. With statutory compliance across 40+ countries covering ANZ, Asia (including Japan & China), Middle-East & Africa, Ramco’s Global Payroll is available in English, Japanese, Mandarin, Bahasa, Thai, Malay, Arabic among others.