Ramco Systems

 Cement is one of the greatest inventions of humankind. The sector is growing in terms of consumption as well as production – one complementing the other. It has become indispensable to the growth of several other industries. The spurt in urbanization leading to the development of real estate and infrastructure, which in turn has increased construction activities, has resulted in the growth of the cement industry. This growth has been supported by ERP solutions specifically designed for the cement industry. World over, there’s a demand for cement, and countries are trying their best to manufacture or export cement. Here’s a snapshot of world cement production: China is undoubtedly a leader in cement production, evident from the fact that it supplies cement to more than 50% of the global market. The second-largest manufacturer is India. Other parts of the world are catching up and the industry, overall, is on a growth trajectory. But to grow, the cement industry has to overcome obst...

 As the world is coming to terms with the new norm in the COVID-19 era, businesses and organizations are rolling back pay cuts and layoffs. Many organizations have begun strategic hiring to stay ahead of the curve. In this evolving environment, hiring managers and recruiters have to quickly adapt to new, efficient methods to attract the right talent. Now more than ever, HR processes are relying on technological systems and processes. From the screening process, offer management, onboarding, contracting to payroll, the HR have to deal with an international and much more diverse workforce.  Interviewing and assessment Virtual recruiting brings with it many challenges in terms of assessment and onboarding because of the diverse nature of the workforce. Vendors, part-time employees, remote candidates from around the world and the contingent workforce have gained more importance, which only means that payroll systems and processes have to be more inclusive, efficient and comply wit...

At the beginning of 2020, the fear of coronavirus had gripped the whole world. Almost everyone was talking, analyzing, discussing, and even making memes about coronavirus. If there were tools to measure the mention of the word coronavirus even in offline conversations, I am sure #coronavirus would have topped the charts of trending words for weeks.  As everyone was coming to terms with the situation, there came a set of new developments – that of the announcements of lockdowns. And in a short while, there was news about layoffs and pay cuts too. This kind of situation caused panic and mental stress among many. Overall, the last few months have been nothing short a roller coaster ride for a lot of us.  Now, after a couple of months, many have come to terms with the situation and have started making some adjustments, in work as well as lifestyle. Lockdowns are now being eased throughout the world, and gradually everyone is returning to a pre-COVID scenario, but with precautions....

Let’s begin with this interesting trivia. Do you know what the second most consumed substance is after water? Cement! The industry undoubtedly helps in the realization of urban dreams – developing infrastructure and boosting the economy. But this industry has been facing the problem of stagnation, and this problem among others was exacerbated last year with the outbreak of a pandemic. With decreased demand and pressure on costs, the concrete/cement industry had a lot of concerns. But all that is changing. The report by International Finance Corporation titled The Impact of COVID-19 on the Cement Industry reads, “Once countries begin to reopen post-pandemic, consumption of cement and concrete is expected to gradually recover, fueled by economic growth, urbanization, and population growth, especially in emerging markets.” Energy Management in Cement Industry As the cement plants will go full throttle on improving productivity to make up for the upcoming demand and to compensate for the p...

 Earlier, ERP software was considered a viable solution only for the large multinational companies and they used to have a dedicated IT team for deploying and maintaining this software. This was because there were a smaller number of business owners who were familiar with the features and practicalities of such software and solutions. And those who have had a misconception that only large businesses require ERP software to manage their convoluted and elaborate processes. As any business expands and takes off to reach greater heights, the workload of administrators increases exponentially as the tediousness and complication of the tasks rise and the customer base expands. Inability to manage and fulfil these customer demands can derail your business, that too is a key phase of growth. Moreover, with the accelerating need for faster response time, enhanced accounting and financial reporting, better regulatory compliance and security, mobility, and flexibility, businesses need a compr...

 When it comes to the services industry, it is essential to get a good ERP solution to manage the large contract workforce There is no denying that the gig economy is steadily growing, and as much as it is influencing the worldwide economy, it is equally impacting workforce dynamics and payroll. The underlying fact would be that the number of contract workers is increasing. A 2017 report by Upwork pointed that close to 57.3 million Americans, or 36% of the workforce, are now freelancing. Last year, the number of contract workers in Google exceeded the number of direct employees for the first time in its 20 years of existence. That reflects today’s trend. Be it tech companies, transportation network giants, hospitality companies or construction labor suppliers, a lot of companies look to hiring contract workforce to cut down on HR costs and hire temporary on-demand skills. Contract workforce consists of a labor pool whose members are hired by an organization on an on-demand basis fr...

ERPs have been that way for decades: Systems of record, reliable, structured, process-driven. But they’ve also been limited. Despite all our fancy new dashboards and copilots, most enterprise workflows remain overly reliant on squishy human-based intervention. We are creating a new paradigm in ERP software with Agentic AI, where intelligent agents not only answer questions or generate summaries, but observe, reason, plan and act across business functions on their own. This transition will disrupt the way HR, payroll, finance, procurement and supply chain functions operate within the walls of enterprises. Know More About: https://www.ramco.com/blog/erp/agentic-ai-erp-future-intelligent-systems

In Europe, payroll leaders face a classic tension: the drive for European payroll standardization (efficiency, consistency, data visibility) versus the imperative of payroll localization in Europe (country-specific laws, regulations, social security systems). Many global payroll providers tout “one platform, one process,” but the diversity of labor laws, statutory benefits, tax regimes, union agreements, and local culture means no one size truly fits all. The real competitive edge comes from mastering the balance; building a backbone of standardized process and technology while flexing for local variation. Know More About European Payroll Standardization: Balancing Efficiency & Compliance

  Payroll in Australia and New Zealand (ANZ) has always been a high-stakes balancing act, ensuring compliance with intricate regulations while delivering accurate, timely payments that shape the very core of employee experience. In recent years, enterprises have leaned heavily on payroll automation in Australia & NZ to reduce manual workloads. Yet, as regulatory landscapes evolve and employee expectations grow, traditional systems are no longer enough. The next chapter is here, one powered by AI in payroll processing in ANZ, which is shifting payroll from process-driven automation to predictive intelligence. Payroll is no longer about just “getting the numbers right.” It’s about anticipating errors before they occur, flagging compliance risks in real time, and empowering employees with on-demand answers to payroll queries. For businesses in Australia and NZ, navigating constant changes in payroll tax, superannuation, KiwiSaver, and award interpretation, this is nothing short of...

A timely EPF remittance isn’t just a statutory obligation - it’s a mark of a compliant, employee-conscious organization. Yet, navigating due dates, payment gateways, and reconciliation steps can often feel like walking through a maze. This article simplifies the EPF remittance process for employers, ensuring smooth compliance and improved payroll efficiency. What is EPF Remittance in India? A Complete Guide for Employers The Employees’ Provident Fund (EPF) is one of India’s key social security schemes, designed to provide financial security and retirement benefits to employees. Know More About EPF Remittance in India: Easy Guide for Employers & Payroll Compliance

  Everyday somewhere in the world flights are stopped or halted, on need of unscheduled maintenance work. This can be eliminated only through proper work execution during regular maintenance. In order to achieve this, MRO Operations, which are often crucial and are bound with strict time lines, need to complete all tasks on the components / repairables with greater efficiency and reliability. The MRO Cycle typically starts with the Unserviceable parts reaching an MRO station and is completed when they are shipped back to the customers as Serviceable. Know More About Reducing Cycle Time for MRO Operations

Every company reaches a tipping point where the manual processes that worked for 50 employees become active liabilities at 500. At that scale, payroll complexity compounds quickly. Multi-state tax jurisdictions overlap. Benefits deductions vary by plan and location. Overtime rules tighten. Each additional variable increases the margin for error until accuracy depends less on process and more on individual heroics. This is the Scalability Ceiling, the moment payroll shifts from manageable to fragile. Pushing past that ceiling doesn’t come from adding more checklists or more payroll administrators. It requires redesigning payroll at the system level. Workflows and compliance must be rebuilt around automation. Accountability shifts from manual review to controlled and auditable processes when supported by the right payroll provider. Know More About Payroll Automation Playbook: Tools, Timelines & Transformation :  https://www.ramco.com/blog/payroll/payroll-automation-playbook

Managing payroll in Indonesia is not just an administrative task; it is a compliance-intensive function shaped by labor laws, tax requirements, and social-security obligations. For an enterprise evaluating the future of its payroll management system, the choice between outsourcing and keeping operations in-house carries substantial strategic implications. This article examines whether outsourcing payroll is the right move in Indonesia, using verified information from Indonesian government regulations, international labor policy bodies, and other neutral institutions, while ensuring no direct or indirect competitors are referenced. Know More About Payroll Management System Indonesia: Outsourcing or In-House?

  Aviation maintenance becomes more complex owing to the volatility of prices of aviation parts. Vendors keep changing the prices regularly and these are often decided based on the lead time demanded and the proprietary nature of the part. The volatile prices make the purchasing process of airlines inefficient, leading to exceptions and creating financial problems for the operator. Moreover frequent changes to the pricing make it difficult to maintain current and updated price list. Conventional way of ordering is to either request for the quote (RFQ) from the supplier, receive the quotes and based on the quote place the order, or look for the current catalog price in the supplier portal and place the purchase order. RFQ based ordering increases the procurement TAT and can be used only when sufficient lead time is available. While the portal based query and raising PO reduces the TAT to a large extent, the challenge is the availability of the latest price for the part in the operat...

  In the Aviation Industry, Spare Parts Management plays a vital role in achieving the desired availability of aircrafts. Some of the unique challenges faced during aviation spare parts management include moving assets, long and variable lead times, OEM dependencies, maintenance policies governed by regulators and demand unpredictability. Optimize Aircraft Spares Inventory through Float Management Material Planners, with the help of their systems, ensure that spare parts are available at the right place and in the right quantity. Assigning proper nomenclature and classifying the spares is a fundamental step for material planning. Know More About Optimize Aircraft Spares Inventory through Float Management  

  Supply Chain Operations Reference (SCOR®) framework is adopted by organizations to measure, manage and benchmark the performance of the supply chain. SCOR process and metrics are broad based and can be adapted to any industry or application. As Aviation Maintenance Repair & Overhaul (MRO) is a service, measuring the supply chain management through SCOR framework will open a new perspective for managing the chain. Aviation MRO’s business objective is to fulfill the customer orders. SCOR identifies the unique processes that a supply chain requires to support the objective. For MRO, the customer is normally the aircraft operator and the supplier is Original Equipment Manufacturer (OEM) / Distributors. Know More About Measuring Aviation MRO Supply Chain through SCOR® Processes and Metrics

  A hassle free custom clearance solution for aircraft spare parts has always been a priority for the airline operators. Customs clearance, a fundamental component of the supply chain, plays a vital role in the regulation and supervision of international trade. All international trade, whether by air, sea or road, is accompanied by a bunch of paperwork or its digital equivalents. There’s no sidestepping the reality of manifests, airway bills, customs duties, import/export taxes, VAT, excise fees, charges, tariffs and more. It’s an intricate business -get things wrong and penalties carve a hole in the profits. A Hassle Free Customs Clearance Solution for Aircraft Spares Impact of Customs Clearance in Aviation Business: Conventional clearances of import and export goods use paper-based manual procedures. The documentation and procedures in custom clearances have not changed for decades. There are papers to be processed and payments to be made in order to keep the goods moving to thei...