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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Standard Chartered    STAN   GB0004082847

STANDARD CHARTERED

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Standard Chartered : and Ramco Systems win the Global Payroll Transformation Project of the Year Award at GPA Awards 2019

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06/13/2019 | 06:36am EDT

Standard Chartered, a global multinational banking and financial services company, headquartered in London, along with its technology partner Ramco Systems, leading Global Payroll & HR software provider, announced the winning of Global Payroll Transformation Project of the Year Award 2019, at the Global Payroll Association Awards (GPA Awards), for delivering significant transformation in Payroll management.

Presented by the Global Payroll Association, the GPA Awards held in Budapest, witnessed global professionals come together to celebrate excellence in software, payroll and consulting. Standard Chartered along with Ramco Systems had nominated its Global Payroll Transformation Program - a transformation driven by innovation, this year.

The Payroll Transformation Program was envisaged by Standard Chartered where the technology partner (Ramco) along with the Bank will together aim to deliver a strategic platform for Payroll Operational Reporting and Analytics. Ramco's platform-based approach to Payroll management and modern innovative technologies (ZERO UI - Mail It, Thumb It, Hub It, and Prompt IT) were the key drivers in Standard Chartered choosing Ramco. The unified payroll processing system consolidates SCB's operations across 19 countries in Asia and Middle East, covering 18000+ employees spread across Taiwan, Vietnam, Myanmar, Macau, Cambodia, Brunei, Bangladesh, Sri Lanka, Nepal, Iraq, Bahrain, Oman, Qatar, Saudi Arabia, Egypt, Lebanon, Jordan and UAE. The system in Phase I has gone live in 5 countries.

Commenting on the win, Jenny Craik, Global Head, Performance, Reward & ER, Standard Chartered, said, "Payroll is an integral part of the HR process that touches every employee of the Bank. By introducing automation and simple, intuitive user interfaces, we have seen improvement in efficiencies, minimization of operational and compliance risks."

"Our partnership approach to transforming this critical part of HR operations has been the key driving factor for winning the award. We wish Team Ramco the best in continuing to do what they do best and look forward to continuing our long-term relationship with them" added Tom Howie, COO, HR, Standard Chartered.

Commenting on the win, Virender Aggarwal, CEO, Ramco Systems said, "We are proud to receive this prestigious award for our Global Payroll software. This is our third year of winning the GPA Award and getting it along with our client, Standard Chartered makes the achievement even more special. The award is a testament to all the hard work SCB and Ramco have put together to deliver a strategic Payroll platform that not only supports SCB's current payroll needs, but also provides them with futuristic strategic directions."

"Infused with Artificial Intelligence & Machine Learning, Ramco's Global Payroll and HR Solution is packed with next-generation technology such as Chatbots, Voice UI and facial recognition-based workforce management. With an aim to offer Zero-UI, we at Ramco strive to continuously innovate and improve, making life simpler for companies and employees", added Aggarwal.

Complete with chatbots, voice, and facial recognition based workforce management, organizations can deploy Ramco HR with Global Payroll on-cloud, on premise or leverage as a managed service. The multi-tenant architecture with embedded intelligence and device agnostics features now serves more than 500+ clients worldwide. With innovative concepts of Artificial Intelligence & Machine learning, Context-sensitive Pop-ups and Chatbots to carry out self-service, and Voice based HR transactions on Google Assistant & Alexa, Ramco has been setting the benchmark for Innovation in this segment. With statutory compliance across 45+ countries covering ANZ, Asia (including Japan & China), Middle-East & Africa, UK and Ireland, Ramco's Global Payroll is available in English, Japanese, Mandarin, Bahasa, Thai, Malay, Arabic among others.

Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.230 as compared to the previous close of Rs. 220.15. The total number of shares traded during the day was 1079 in over 67 trades.

The stock hit an intraday high of Rs. 231.05 and intraday low of 221.45. The net turnover during the day was Rs. 244409.

(c) 2019 News of Bahrain Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
RAMCO SYSTEMS LTD -0.66% 212.25 End-of-day quote.-22.24%
STANDARD CHARTERED 1.12% 702.4 Delayed Quote.14.00%
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Financials ($)
Sales 2019 15 487 M
EBIT 2019 4 605 M
Net income 2019 2 378 M
Debt 2019 -
Yield 2019 2,95%
P/E ratio 2019 12,49
P/E ratio 2020 10,12
Capi. / Sales 2019 1,87x
Capi. / Sales 2020 1,78x
Capitalization 28 887 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 9,10 $
Spread / Average Target 2,8%
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Managers
NameTitle
William Thomas Winters Group Chief Executive Officer & Director
José Viñals Chairman
David Whiteing Chief Operating Officer
Andrew Nigel Halford Group Chief Financial Officer & Executive Director
Michael Gorriz Group Chief Information Officer
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