Ramco Systems gains as GE to implement HR & Payroll systems in Middle East

GE to implement HR & Payroll systems across 10 countries in Middle East

Shares of Ramco Systems were up nearly 4% at Rs 807 after it announced that global conglomerate General Electric has implemented the company's HR & Payroll software across 10 countries in the Middle East.

"Our HR and Payroll software has forayed into new horizons and prided itself by associating with global leaders and Fortune 10 giants. The ability to address multi-country payroll and cover some of the most complex payroll needs in emerging markets is leading to Ramco being a preferred partner," said Virender Aggarwal, CEO, Ramco Systems.

Ramco HR & Payroll will integrate GE's HR operations across UAE, Kingdom of Saudi Arabia, Bahrain, Oman, Kuwait, Qatar, Iraq, Morocco and Yemen in the region, thus eliminating manual interventions, the company said in a release.

The share opened at Rs 783 and touched a high of Rs 829. At 1:55PM, over 73,000 shares were traded on both the stock exchanges.