The payroll solution also includes Mandarin and English language capabilities for local and expatriate staff respectively.
Ahead of Prime Minister Narendra Modi.s visit to China, Ramco Systems launches China version of Payroll Software.
Multinational companies which have long struggled with different tax regimes will now be able to harmonies their entire payroll – including locals and expatriates – into a single unified bilingual platform from Ramco Systems.
Ramco HCM solution can be configured to accurately comply with different tax regulations, enabling more companies to meet the Chinese Government’s taxation compliance standards. The payroll solution also includes Mandarin and English language capabilities for local and expatriate staff respectively. Ramco’s solution also includes new functions for employee stock ownership plans (“ESOPs”) and social insurance contributions.
Virender Aggarwal, CEO, Ramco Systems, said, “Including China in our worldwide payroll introduces our solution to a major growth market. Many of our current and prospective multinational clients have established operations in China for strategic reasons.”
“The Asia Pacific region has been the stronghold for our HR software, and we are strengthening our presence with the addition of Chinese Payroll to our overall offering. China’s inclusion underscores our commitment to offering a holistic global solution that helps customers transform their businesses.”