ramco

August 10,2016
National Stock Exchange of India Ltd
Exchange Plaza, 5th Floor
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Mumbai - 400 051

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83

48

Scrip: 532370

Scrip: RAMCOSYS

Dear Sirs,

Sub: Press Release

Please fnd enclosed a press release, titled (Cloudpay and Ramco announce a Strategic Partnership to deliver next
generation integrated global payroll solution", which is being released to the press from our end,

We request you to kindly take the above on record.

Thanking you,
Yours Faithfully,
FOT

RAMCO SYSTEMS LIMITED

6(.,u-1.R RAVI KULA CHANDRAN

CHIEF FINANCIAL OFFICER

Ramco Systems Ltd.

64, Sardar Patel Road, Taramani, Chennai 600 113, lndia
Tel: +91 44 2235 451 0 / 3090 4000, Fax: +91 44 2235 288/.
wvw.ramco.com CIN : L72300TNI 997PLC037550
Regl3tered Offlce:47, P.S.K. Nagar, Rajapalayam 626 108, lndia

cloud pay

ramco

CLOUDPAY AND RAMCO ANNOUNCE A STRATEGIC

PARTNERSHIP TO DELIVER NEXT GENERATION
INTEGRATED GLOBAL PAYROLL SOLUTION
Strategic partnership to enhance global payroll coverage for both organizations and focus
on visibility, compliance, standardization and co-innovation in payroll for multinational
organizations
New York & Chennai - August 10, 2016 - GloudPav, one of the world's foremost providers of managed
global payroll and payment services and Ramco Svstems, a leading global HCM and payroll company, today
announced a strategic partnership formed to help enterprises take better advantage of cloud payroll solutions.
The partnership will combine CloudPay's SaaS platform and expertise in managed payroll for multinational
organizations with Ramco's leading payroll software to deliver solutions for today's increasingly complex and
disbursed workforces.
By using Ramco's platform, CloudPay will enhance and expand its managed payroll services for existing and
new customers across more than 120 countries it serves. Ramco will leverage CloudPay's managed services
solution to bring its Multi-Country Payroll platform to global organizations and continue to develop next
generation innovations in payroll technology. The two companies, just named "Achievers" in Everest Grouo's
2016 Multi-countrv Pavroll Platform (MCPP) Assessment seek to address the rapidly growing US $1 .378 multicountry payroll outsourcing market.

Commenting on the partnership, Rajesh Ranjan, Partner, Everest Group, said "Multi-country payroll
outsourcing is a fast growing market with enterprises embracing it to realize better agility and greater cost,
control, and compliance objectives in an increaslngly dynamlc global business environment. The partnership
between CloudPay and Ramco seeks to leverage each other's strength to offer a potentially compelling option
for enterprises to consider."
Paul Bartlett, CEO, CloudPay commented "We are transforming the way payroll processes and information
are leveraged within the enterprise, moving away from fragmentation of data and global non-compliance that
challenge multinational organizations. Our paftnership with Ramco will allow us to further enhance our
platform, provide cost-effective solutions, and address an even wider range of payroll complexities through
greater standardization and innovative features around analytics,"
"While Ramco's own platform covers Payrollfor 35+ countries across ASEAN, Middle East and ANZ, CloudPay
brings with it extensive reach and expertise in Europe and US. Together, we will now be able to give customers

a seamless technology platform and services to manage their Global payroll. By combining CloudPay's
managed services offering with Ramco's payroll platform, we hope to give multinational organizations a futureready technology platform to manage their end{o-end payroll needs" said Virender Agganral, CEO, Ramco

Systems.
About CloudPay
CloudPay is the next generation payroll solution for multinational businesses with complex global payroll requirements.
CloudPay is the world's only cloud-based platform for integrated global payroll, analytics and payments processing and
delivery. CloudPay's solution ensures that employees get accurate and timely payments while centralizing all payroll data
to allow organizations to improve the performance of their global operations. With CloudPay's unque analytical toolset,
companies can turn their payroll data into meaningful business insights, and use CloudPay's compliance tracking
functionality to assure continuous compliance with all local and statutory regulations and tax requirements. Positioned as

a)

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cloud pay

ramco

an 'Achiever' in Everest Group's 2016 MCPP Report and Winner of the Global Payroll Transformation Project of the Year
Award 2016.
www.cloudpav.net

About Ramco Systems:

Ramco is a fast growing enterprise software player disrupting the market with its multi-tenanted cloud and mobile-based
enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation. Part of the USD 1 billion
Ramco Group, Ramco Systems focuses on lnnovation and Culture to differentiate itself in the marketplace. On lnnovation
front, Ramco has been focusing on moving towards Cognitive and Robotic ERP with features such as Mail lt - a feature
which enables users to transact with the application by just sending an email; HUB lt - a one screen does it all concept
built to address all activities of a user; Thumb lt - mobility where the system presents users with option to choose rather
than type values and Prompt lt - a cognitive ability which will let the system complete the transaction and prompts the user
for approval, Winner of ISG Award for lnnovaton; Chosen as Preferred Next-Gen MRO lT Vendor by ARSA; Winner of HR
Vendors on the Year Award 201 5: Winner of CIO Choice Honor & Recognition 2016.
www.ramco.com/hcm

Contacts:
David Barak
CloudPay
press@cloudpay.net

C)

Vinitha Ramani
Ramco Systems
vinitharamani@ramco.com

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