Indian enterprise software provider Ramco Systems has bagged an ERP deal from P&N Bank to launch a digital HR transformation with Ramco HCM integrated with Global Payroll.
Financial details of the ERP deal with the retail bank were not disclosed.
Ramco IT engineers will implement its HCM solution across all P&N Bank branches in Western Australia, including its head office and customer support centre in Perth.
This ERP deal marks Ramco’s entry into the banking segment in Western Australia.
P&N Bank will deploy intuitive features like mobility, chatbots and advanced reporting, as part of the offering.
Ramco HCM will help P&N Bank employees carry out ESS transactions like applying for leave, obtaining payslip information and managing meetings through Ramco’s Chatbot, automating these HR processes.
The installation of Ramco HCM integrated with Global Payroll comes amidst a movement to digitise Australian Payroll, with Single Touch Payroll (STP) Reporting.
The law, which comes into effect from 1 July 2018, requires Australian employers with 20 or more employees to report employees’ tax and super information to the Australian Taxation Office using Single Touch Payroll (STP) enabled software.
This new regulation has triggered organizations to relook at their Payroll platform. Ramco with its STP-ready Payroll software has been actively working with payroll professionals to enable a smooth transition.
“Ramco HCM will help us transition from manual to automated processes. This will translate into operational efficiencies and an improved employee experience across our organisation and lead to greater team and member satisfaction,” said Mark Smith, general manager – People & Culture, P&N Bank.
