In the world of enterprise software applications, the planning aspect of human resource, material, and budget takes central stage. Be it HCM (human capital management), ERP (enterprise resource planning), SCM (supply chain management) or any other software applications, planning of man, material and budget allows enterprises to arrive at the desired business outcomes. Though, some of the vendors offering these applications do implant certain elements of planning capability, the space is literally open to specialized players offering planning architecture to enterprises running ERP, HCM, SCM among other applications.
It is this broader scenario which has instigated Ramco Systems, India’s leading enterprise applications provider—having global footprints—to strike a technology alliance with Anaplan, US-headquartered and one of the leading providers of enterprise planning and performance management platform. As part of the tie-up, Ramco’s cloud ERP, HCM, and finance modules now have standard connectors for Anaplan’s connected planning platform. This will offer comprehensive planning, budgeting, and consolidation capabilities to Ramco’s clients around the globe.
“We live in a connected world and ensuring we’ve a strong ecosystem of like-minded partner offerings is key to driving transformational growth for clients,” said Virender Aggarwal, CEO, Ramco Systems. “Our collaboration with Anaplan offers enterprises a compelling joint value proposition of powerful planning and budgeting capabilities on top of Ramco’s workforce, finance, and supply chain modules”, added he.
Paul Melchiorre, Chief Revenue Officer, Anaplan, said, “The strength of our workforce planning solution, combined with capabilities from the Ramco HCM suite, is a powerful proposition that could disrupt the legacy HCM market”.
“The transaction systems of the legacy application vendors do not provide the extensive planning functionalities of the Anaplan platform”, explained Melchiorre.
With 38 ready-to-use workforce planning applications on its App Hub, Anaplan allows companies to partner with the finance department and lines of businesses to align people with plans in order to achieve business goals.
Complete with chatbots, a simplified user experience, and an intelligent in-memory engine that identifies and resolves errors, organizations can deploy Ramco HCM in the cloud or on-premise, or leverage it as a managed service. The multitenant architecture with embedded intelligence and device agnostics features serves more than 450 customers worldwide. With innovative concepts such as haptic design, context-sensitive pop-ups, facial recognition–based attendance, and chatbots to carry out self-service, Ramco has been setting the benchmark for innovation in this segment.
Ramco’s Finance & Accounting solution is being leveraged by several medium- to large-sized organizations both as part of a full-suite ERP, as well as a stand-alone application. Ramco distinguishes itself by focusing on building deep domain-integrated financials and offering next-generation features that bring automation, simplification, and cognitive capabilities to the application, helping organizations move towards an era of self-running finance.