Victoria continues to attract investments from global technology firms with major Enterprise Resource Planning (ERP) group Ramco Systems announcing it will set up a state-of the-art innovation centre in Melbourne.
Ramco Systems, headquartered in Chennai, India, provides cloud and mobile-based enterprise software in the areas of Human Capital Management (HCM), payroll, ERP and Aviation. Ramco is also pioneering the development of cognitive and robotic ERP solutions.
With 24 offices on every continent of the world, Ramco has already established its Oceania headquarters in Melbourne. On March 15 Ramco announced it will also establish its Asia-Pacific Centre of Excellence for Workforce Innovation in Melbourne.
The state-of-the-art innovation centre will be located in Melbourne’s Southbank district, which has in the recent years emerged as a technological hub and one of Asia-Pacific’s most promising start-up ecosystems.
The centre will draw on top tech talent from across Australia to design and develop cloud-based solutions to address human resources challenges.
From programmers to consulting strategists and social scientists, the centre aims at employing innovators who will prototype next-generation workforce management solutions which will take the user to a frictionless computing era. The centre will be a hub for testing new-age technologies such as chatbots, facial recognition based time & attendance, Neuro Linguistic Programming (NLP) based virtual assistants, and many more productivity tools to automate daily tasks.
Ramco will also partner with Victorian universities to source talent for the centre, at a time when Melbourne is creating jobs in its knowledge sector. Last year, the City of Melbourne announced the establishment of the Melbourne Innovation Districts, a technology and infrastructure initiative to drive urban development.
P.R. Venketrama Raja, Chairman, Ramco Systems, said, “We are pleased to announce the opening of our Workforce Innovation centre in Melbourne. With millennials entering the workforce and gig economy becoming the norm, traditional HR solutions are no longer able to address the changing demands of HR. The new innovation lab will see us collaborate with the Victorian Government in leveraging local talent to prototype future-ready HR solutions designed to address the pain points of 21st century working life. This lab’s strategic location in Melbourne positions us at the forefront of this field and shores up our position as a leading global HR software developer.”
One of the key reasons for Ramco selecting Melbourne as its Oceanic head office was the quality of talent graduating from Victorian Universities. Ramco have identified that the talent in Melbourne has enabled them to hire the skills they need to enhance the company's growth in the region.
Ramco Systems solutions are included in the Gartner Magic Quadrant for cloud core financial suites and for cloud HCM suites; and in the Forrester Wave for SAAS human resource management systems.