Ramco Systems gains on launch of HR solution for US market

Shares of Ramco Systems were up over 3% at Rs 818 on the BSE after the company announced the launch of its HCM (Human Capital Management) offering for the US market, at the HR Tech Show 2015, in Las Vegas.

Ramco HCM is a comprehensive solution that covers every aspect of an employee lifecycle - Workforce Management (including Core HR and Time & Attendance), Recruitment, Talent Management, Employee Development, Workforce Planning and Multi-country Payroll, the company said in a release.

The new-age HR application which can be deployed on Cloud or on Premise, with built-in mobility integrates all the HR functions and simplifies processes with several intuitive features, the release added.

The stock opened at Rs 802 and touched a high of Rs 824. At 1:35pm, over 57,000 shares were traded on both the stock exchanges.