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2020 Market Guide for Multicountry Payroll Solutions by Gartner

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According to Gartner, "The market for multicountry payroll solutions continues to evolve amid a shift in market drivers and customer expectations. Application leaders should evaluate solutions' ability to support advanced use cases and business continuity protocols to successfully navigate through uncertain times."

Excited to share that Ramco Systems has been yet again recognized in 2020 Gartner Market Guide for Multi-Country Payroll Solutions. Analysed amongst 20 other global vendors, Ramco Solution is recognized as a Representative Vendor in the Market for Multicountry Payroll Solutions.

Key findings * :
  • Establishing strong critical support metrics of business continuity protocol and monitoring them regularly can support payroll operations and “keep the lights on,” even during unforeseen disruptions such as COVID-19
  • Application leaders are investing in multicountry payroll (MCP) solutions to support both digital transformation and technology portfolio optimization of human capital management (HCM). Support for the latter is likely to result in higher growth for the MCP solutions market as compared to the broader HCM market
  • Uncertainty over the short term will drive events such as furloughs, payment protection plans and budget revisions, which have to be supported by payroll strategies and solutions

* Based on Gartner Market Guide for Multicountry Payroll Solutions, 27 July 2020, Ranadip Chandra, John Kostoulas, Amanda Grainger, Sam Grinter, Ron Hanscome.
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