The company said that the multinational companies which have struggled with different tax regimes will be able to harmonise their entire payroll into a single unified platform. Its human capital management (HCM) solution can be configured in complaince with different tax regulations, enabling more companies to meet the Chinese Government's taxation compliance standards.
Virender Aggarwal, CEO, Ramco Systems said, "Many of our current and prospective multinational clients have established operations in China for strategic reasons."
The payroll solution also includes Mandarin and English language capabilities for local expatriate staff respectively, said the company.
Ramco Systems is part of $1 billion Ramco Group, offering sofware for HCM, ERP and aviation verticals. The company's payroll solutions are offered in Asia Pacific, Middle East and Australia, among other countries.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app