Ramco Systems

  Air travel is booming, and Maintenance Repair & Overhaul (MRO) operations are feeling the heat. With manual processes, labor shortages, faster turnaround times and non-routine tasks to handle - how can MROs keep up? This article dives into the top four challenges facing today's aviation industry professionals in an ever-evolving landscape of regulations. Discover here how MROs can confidently overcome these obstacles with the help of MRO software and keep their operations running smoothly. 1. Time-Consuming Maintenance Scheduling and Planning To begin with, manual processes like paper-based documents, spreadsheets and emails used by airlines to plan and schedule aircraft maintenance can take days or even weeks, leading to delays in service. To keep up with the demands of the industry, airlines need automated systems like MRO aviation software that can quickly and accurately generate maintenance plans and schedule resources based on aircraft availability. 2. Looming Labor Shor...

  Logistics industry is critical for the economic growth of countries as it connects multiple elements of the economy and consists of warehousing, transportation and other supply chain solutions ranging from the suppliers to the end customers. The logistics industry is expected to grow sustainably across the globe in the next few years. For example, the logistics market of Australia was valued at   USD 81.28 billion   in 2021, and it is forecasted to reach USD 114.32 billion by 2027. Recent years have seen a great  advancement  in the logistics industry in the areas like augmented and artificial intelligence, automation, analytics, and supply chain integration, to just name a few. These technologies are evolving faster than ever while startups with even advanced solutions and innovations continue to emerge at a rapid rate. However, attached to these innovations are the new standards and expectations, forcing the logistics companies to either adapt or fall b...

Logistics industry is critical for the economic growth of countries as it connects multiple elements of the economy and consists of warehousing, transportation and other supply chain solutions ranging from the suppliers to the end customers. The logistics industry is expected to grow sustainably across the globe in the next few years. For example, the logistics market of Australia was valued at   USD 81.28 billion   in 2021, and it is forecasted to reach USD 114.32 billion by 2027. Recent years have seen a great  advancement  in the logistics industry in the areas like augmented and artificial intelligence, automation, analytics, and supply chain integration, to just name a few. These technologies are evolving faster than ever while startups with even advanced solutions and innovations continue to emerge at a rapid rate. However, attached to these innovations are the new standards and expectations, forcing the logistics companies to either adapt or fall behind. ...

  AI and ML boost business productivity through several ways such as: process automation, data analysis, personalized customer experiences, fraud detection, NLP-powered chatbots and much more. These technologies revolutionize decision-making, improve efficiency, and deliver value across industries. The recently published World Economic Forum's   Future of Jobs report   suggests that the broader labor market shift induced by AI and automation will create 69 million new jobs in fields such as data analytics, climate change and environmental management technologies, and encryption and cybersecurity. This report highlights the transformative power of AI, opening up new avenues for human potential and driving innovation across various industries. One such area that benefits from AI and ML is payroll management. Some of the ways in which AI and ML are revolutionizing payroll management are: Enhanced Accuracy: AI and ML algorithms automate data processing, reducing errors and en...

  Cement demand is only going to rise in the future owing to demand for infrastructure, housing, and smart cities across the globe. The industry is to touch the   $498.23 billion   market by 2028 (at a CAGR of 5.4% in the next five years). However, socio-political and macroeconomic challenges such as the Russia-Ukraine conflict, unstable inflation, rising fuel prices, and stringent regulatory environment have posed significant challenges on the operational front. Manufacturers who can navigate these challenges have a chance to tap into the huge opportunity the cement market offers. A robust ERP solution could equip manufacturers to meet these challenges by offering tangible and timely insights into the operations to make swift strategic and tactical adjustments. The prospects Streamlining intricate operations and gaining real-time visibility is the foremost priority of all manufacturers. Each cement company has different touchpoints, each with its data silos. Often times ...

  In today's rapidly evolving business landscape, the role of payroll and Human Resources (HR) professionals has taken center stage, and they find themselves at the helm of critical organizational decisions. Payroll and HR have transcended into a realm where they must engage employees, optimize operations, and steer business growth. Their responsibilities have evolved from mere task execution to strategic decision-making. To alleviate the professionals from the monotony of repetitive tasks, tools and systems employing automation and Robotic Process Automation (RPA) made strides. These technologies automated repetitive, rule-based tasks using software robots, bolstering efficiency, accuracy, and productivity, and saving time and human effort. However, their role in shaping strategic decisions remained limited. This initiated the search for a technological solution that could not only ease their burden but also empower them with actionable insights to contribute to the company's ...

In a resounding triumph, we at Ramco have clinched multiple awards in the prestigious HR Vendors of the Year (VOTY) ceremonies across the Asia-Pacific region for 2023. Our stellar achievements were recognized in Singapore, Hong Kong, and Malaysia, reaffirming our commitment to excellence in payroll solutions & services. HR Vendors of the Year 2023, Singapore: Gold for Best Payroll Outsourcing Partner Our standout performance in Singapore's HR Vendors of the Year awards speaks volumes about our dedication to providing top-notch payroll outsourcing services. The Gold award for Best Payroll Outsourcing Partner underscores our ability to deliver seamless, efficient, and reliable solutions, making us the go-to partner for large multi-country organizations looking to streamline their payroll processes. Explore more about the award  here . HR Vendors of the Year 2023, Hong Kong: Double Triumph in Payroll Excellence Our success in Hong Kong further solidifies our position as a frontrun...

An effective payroll department is crucial to maintain a high level of employee satisfaction and enhance overall organizational productivity and efficiency. Employees expect their organizations to pay them consistently and on time with the amount stated in their contracts. A slow, too complicated, or error-prone payroll system can result in a strained relationship between employees and the employer and squander the HR team’s time. So, how to structure the payroll system to achieve efficiency, be compliant and ensure timely payment? Deciding on the payroll system's structure is an important part of every organization’s payroll solution strategy – irrespective of whether it operates globally or just in its home country. The structure mainly depends on two things – how concentrated the payroll solutions activities are and what should be the level of payroll activities outsourced vs. in-house. Let us walk you through these two considerations in the succeeding sections. Degree of Concen...

  Pakistan is a multi-ethnic country of South Asia and the world's fifth-most populous country, with a population of almost 243 million people. Its capital is Islamabad, in the foothills of the Himalayas in the northern part of the country, and its largest city is Karachi, in the south on the coast of the Arabian Sea. Pakistan encompasses a rich diversity of landscapes, starting in the northwest, from the soaring Pamirs and the Karakoram Range through a maze of mountain ranges, a complex of valleys, and inhospitable plateaus, down to the remarkably even surface of the fertile Indus River plain, which drains southward into the Arabian Sea. Here’s a detailed round up of all payroll compliance requirements and regulations, a crucial aspect of payroll services.   Income Tax   Overview and Residential Status   In Pakistan, the Income tax is governed by Income Tax Ordinance, 2001 which has been replaced recently by Income tax ordinance amended up to June 30, 2022 (The Ordi...

When it comes to moving freight reliably, affordably, and efficiently across locations, Transport Management System proves to be a game-changer for businesses. In addition to intermodal moves (involving two or more modes of transport), TMS provides solutions for transporting freight across all the modalities. In simple words, advanced Transport Management Systems are software solutions that can help companies streamline their shipping process across all freight modes, gain visibility into transportation operations, reduce their freight costs, and operate more efficiently. The core capabilities of a TMS usually revolve around planning and optimizing (for managing customer expectations and minimizing delays), executing (to optimize workflow), mobilizing (driver app to track trips, approvals, invoices, alerts, and proof of delivery), and optimizing (tracking performance). Importance of Having an Advanced TMS For Your Business As the logistics industry is rapidly changing and expanding, de...

  Today, when automation is changing the way every business functions, it would be difficult for any construction business, irrespective of its size, to survive without adapting to technological advances. Especially, as the market is getting even more sophisticated with customer-oriented competition, every business owner is conscious about not missing any opportunity to overtake their rivals in the business arena. Herein, a robust software solution that construction companies can leverage is a   comprehensive ERP software   purpose-built for the industry. ERP (Enterprise Resource Planning) software for construction companies is basically an integrated process of gathering as well as organizing business data using a consolidated software suite. It helps managers in designing extensive plans for the successful engineering of projects, right from the beginning of project work till the outcome, and during the entire construction lifecycle as well. While construction project m...

Payroll is one of the most critical aspects of every business which brings in fair share of complexity as well. While outsourcing is an efficient solution, its cost remains the biggest concern. Here is an overarching breakdown of the payroll outsourcing cost, including: Pricing structure Escalating factors Saving methods Payroll is among the most crucial and complex functions for every business. Dealing with legislative requirements, taxes, multiple employee types, overtime, and numerous other variables, can make it quite challenging for growing organizations. Consequently, payroll outsourcing becomes an obvious choice. However, before engaging with these services, a thorough cost-benefit analysis and understanding of the influencing factors are imperative. This article elaborates on cost components and structure to help you make an informed decision. The typical payroll pricing structure Different  payroll service  companies will charge you differently. While their cost compu...

  Logistics industry is critical for the economic growth of countries as it connects multiple elements of the economy and consists of warehousing, transportation and other supply chain solutions ranging from the suppliers to the end customers. The logistics industry is expected to grow sustainably across the globe in the next few years. For example, the logistics market of Australia was valued at   USD 81.28 billion   in 2021, and it is forecasted to reach USD 114.32 billion by 2027. Recent years have seen a great  advancement  in the logistics industry in the areas like augmented and artificial intelligence, automation, analytics, and supply chain integration, to just name a few. These technologies are evolving faster than ever while startups with even advanced solutions and innovations continue to emerge at a rapid rate. However, attached to these innovations are the new standards and expectations, forcing the logistics companies to either adapt or fall b...

  International operations, remote and on-the-go working as well as digital transformation of businesses are some of the key realities for any of the contemporary businesses. Companies are leveraging tech solutions such as the ERP system to streamline their operations, improve customer experience and efficiencies. However, when a business decides to implement a world-class enterprise asset management system for its operations, it faces challenges in customizing it to the specific business needs. After all, the vendors make such software for mass market, and may not offer out-of-the-box suitability for each user. If you are looking for an advanced  ERP system  for your business then you must know about these customization challenges and also about ways to overcome them: Top 4 ERP system customization challenges Making customizations that truly benefit the business Before deploying an enterprise asset management solution, you need to be clear about what objective it is aime...