All want a piece of cloud, we want to embrace it: Ramco CEO

BANGALORE, INDIA: "Everybody wants a piece of cloud and we want to fully embrace it," said Virender Aggarwal, CEO, Ramco Systems, after launching a new HR & Talent Management solution, Ramco HCM (Human Capital Management) on Cloud aimed at SMBs and enterprises.

Addressing mediapersons in Bangalore, Aggarwal said, After taking ERP and Aviation solutions on cloud, we are now taking our comprehensive HR solution on cloud.

The company focuses on delivering ERP on cloud, tablets and smartphones.

He further added, "The HCM solutions that we developed on the cloud platform is targeted first for mobile, tablets users, and later, for desktops."

The new product aimed at Gen-Y is accessible on smartphones (iPad, Android and Windows 8), integrating it with social channels, besides bringing in the speed and agility of an in-memory engine and the intuitiveness of a context-aware solution.

Gartner is projecting a $10 billion HCM market by 2015, with $4 billion in talent management, 75 per cent of that market is coming from SaaS, he pointed.

Highlighting on the HR solutions, Aggarwal said, "Our ability to offer a multi-country payroll that is flexible enough to integrate with any standard ERP has been a key differentiator in the global market."

Ramco plans to capture the booming HR software market by partnering with large ITeS players to offer HR Platform as a Service.

Launch of Minnal:

Ramco also unveiled Minnal, an in-memory engine which can be used for any planning, scheduling, optimization and batch processing (APO) activity.

Aggarwal said, "The new in-memory engine dramatically improves processing speed by up to 100 times."

Ramco HCM on Cloud is a comprehensive solution that covers every aspect of an employee lifecycle: Workforce Management, Recruitment, Talent Management, Employee Development, Workforce Planning and Payroll & Benefits.

Market data and trends show that the HCM market is predicted to grow rapidly in the next few years, said Ramco.