Over the past 18 months, GenAI tools have evolved into essential utility tools for businesses, changing the landscape of employment. The rise of remote workers and global workforces presents a challenge for businesses to maintain high levels of employee happiness and productivity. In response, companies in the UAE are implementing robust policies for pay parity, diversity, benefits, and flexible work schedules. To address the complexities of managing globally dispersed teams, Ramco Payce, a platform-based payroll software, has been launched in the UAE.
Ramco Payce, developed by Ramco Systems, a key player in the global payroll management market, is an AI and ML enabled tool that offers data and prediction capabilities, providing organizations with strategic insights on their payroll operations. The launch of Payce in the UAE is part of Ramco’s strategic expansion in the Middle East, catering to the region’s increasing globalization and diversification of workforces. Sundar Subramanian, CEO of Ramco Systems, highlighted the importance of Payce in simplifying payroll processes, ensuring accuracy, compliance, and enhancing employee satisfaction amid the changing nature of workforces.
By incorporating automation, Ramco Payce reduces errors in payments, ensures compliance with country-specific regulations, and addresses payroll-related queries through an intelligent chatbot. Rohit Mathur, SVP & SBU Head, Global Payroll & HR at Ramco Systems, emphasized how Payce streamlines complex payroll processing, improving efficiency and empowering organizations and payroll professionals. The technology’s rapid processing speed and advanced features like self-service reporting and payroll workspaces redefine the payroll management landscape.
In addition to the day-to-day payroll management tasks, Payce’s analytics and reporting capabilities offer real-time data insights to address broader issues such as pay parity, inclusivity, and diversity. The anomaly and reasoning engine identifies payroll variances, while the prebuilt country-specific configurations facilitate swift and hassle-free implementations. Through these advanced features, Payce aims to support business leaders and boardrooms in tackling strategic challenges by streamlining payroll operations and enhancing overall efficiency.
Overall, the introduction of Ramco Payce in the UAE embodies the growing trend of AI-powered tools transforming traditional business processes. With its focus on simplifying payroll management, ensuring compliance, and boosting employee satisfaction, Payce is poised to become a valuable asset for businesses navigating the complexities of managing global workforces. As companies continue to embrace technology-driven solutions, tools like Payce play a crucial role in enhancing operational efficiency and supporting sustainable business growth in the digital era.
