NelsonHall Vendor Evaluation & Assessment Tool (NEAT) assesses the performance of global vendors who offer next generation payroll services. The NEAT report identifies the best performing vendors – overall, with a specific focus on multi-country payroll services, and payroll services in Asia Pacific. In the report, Ramco has been identified as a LEADER based on its ability to meet future client requirements as well as delivering immediate benefits to payroll services clients, globally as well as in the Asia Pacific region. This is the 4th consecutive year where Ramco has been positioned in the leaders quadrant of the NEAT Matrix for Payroll Services.
Ramco has been lauded for:
- Being the largest payroll platform provider in APAC
- Ability to offer its payroll platform as either SaaS (public or private cloud) or on-premise
- Ramco's Payroll Bureau, a dedicated compliance team that monitors the regulatory requirements
- Innovation that has led to digital transformation enabling features like chatbots, AI/ML, NLP, facial recognition, predictive analytics, and service delivery enablers like Mail It, Hub It, Prompt It, etc.
According to NelsonHall, the global payroll services market is predicted to grow at 4.4% CAAGR and will reach ~$24.6bn by 2023. Digital transformation enablers such as RPA, AI/ML, predictive analytics will drive the demand for modernized payroll platforms. Download the report to get a comprehensive understanding of the Payroll Services market, top drivers and inhibitors for payroll outsourcing, key challenges and success factors that determine Payroll transformation.
