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Ramco Systems Ltd.

BSE: 532370 Sector: IT
NSE: RAMCOSYS ISIN Code: INE246B01019
BSE 00:00 | 24 Apr Ramco Systems Ltd
NSE 05:30 | 01 Jan Ramco Systems Ltd
OPEN 78.00
PREVIOUS CLOSE 78.00
VOLUME 1695
52-Week high 246.00
52-Week low 65.00
P/E 4.94
Mkt Cap.(Rs cr) 235
Buy Price 73.10
Buy Qty 20.00
Sell Price 79.00
Sell Qty 125.00
OPEN 78.00
CLOSE 78.00
VOLUME 1695
52-Week high 246.00
52-Week low 65.00
P/E 4.94
Mkt Cap.(Rs cr) 235
Buy Price 73.10
Buy Qty 20.00
Sell Price 79.00
Sell Qty 125.00

Ramco Systems Ltd. (RAMCOSYS) - Chairman Speech


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Company chairman speech

Dear Shareholders

Your company made great strides in the year 2018-19 - in terms of innovation orderbook as well as geographic growth. As we step into the new financial year it is time torecollect some of these accomplishments.

From winning new clients across the world to bagging awards and recognition fromprominent research organisations this year was a significant one. Some of it includes;being positioned as Leader in NelsonHall's NEAT Matrix for Payroll Services to beingfeatured in four of Gartner's Magic Quadrant across Cloud Financials HCM EAM and ERP andwinning Global Payroll Association's Award for Payroll Innovation.

All this and more was possible because of the thrust we place on Innovation.

This year we explored the world of Artificial Intelligence (AI) and Machine Learning(ML) from the perspective of enterprise applications.

Moving from a Passive to an Active ERP

Enterprise Applications have been saddled with tonnes of data every time a user needsto transact. From customer order to RFQs Purchase request to Invoice travel expenses toreimbursement claims – the standard ERP continues to ask for data every time a userlogs in to transact. The solution lies in Enterprise Applications moving from beingpassive to becoming active.

At Ramco we are addressing this leveraging behavioural analysis and prediction usingmachine learning with the aim of reducing data entry to its bare minimum by learning frompast patterns and predicting transactions. This is a new paradigm in EnterpriseApplications era with the onset of a ‘Self-validating ERP system'. It is certainthat with the emergence of AI and ML companies are about to leapfrog the barriers oftrivial time-consuming tasks to focus on their core operations.

Thrust on Innovation

Business transformation is both a big opportunity and a huge challenge for mostenterprises. Globally organisations are looking for technology partners who can help themnot just with incremental improvements but enable transformational growth in the future.This has created an opportunity for new-age vendors to question the status quo andposition solutions that are more efficient and outcome-driven.

At Ramco we are leveraging Innovation to engage with stakeholders manage costsimprove productivity and deliver a superior experience. Moving to the business updateRamco HCM with Global Payroll witnessed a 5-year CAGR of 41% and added some large andmarquee customer names to the list. We launched Policy bot Support bot and Ticketing bot;Net Pay Anomaly Detector and added Breath Analyzer integrated with our existing FacialRecognition system. One among the multiple recognitions that came our way was our maidenentry in Everest Group's PEAK Matrix for Multi-Country Payroll Platform (MCPP). OnAviation front in addition to our stronghold in Heli and MRO segment this year we hadseveral Defense contractors and Military & Sustainment providers in the U.S. chooseRamco Aviation's solutions. We entered the Nigerian Aviation market with a leadingcharter shuttle and maintenance company who signed up for our solutions. Globally we wonsignificant deals implemented our solutions in several organisations and renewed tieswith a few more existing clients. We also implemented our AI and ML driven aviationsolutions with select few clients to help in spotting discrepancy auto suggestion ofaircraft parts etc. In the Ramco Logistics segment there were quite a number of notableaccomplishments. While an integrated system to connect Transportation Warehouse Fleetand HUB with Finance & HR on the Cloud along with a Command Centre and In-memory basedPlanning and Optimisation engine has been our value proposition in the market weadditionally equipped our offering with a range of e-commerce logistics specificcapabilities apt for the growing e-commerce industry. Overall our ERP solutions aremoving towards becoming Active and Intelligent that are helping enterprises transformtowards a successful and efficient working system. It has indeed been an eventful year forour company. We would like to express our heartfelt thanks to our stakeholders for thecontinued trust and belief in our potential. We will strive to continue this successfuljourney in the coming year as well with your support!

Regards

P R Venketrama Raja