Filipino courier and logistics company LBC Express Inc. signed a five-year contract with Ramco Systems Inc. to provide a new payroll system for more than 7,000 employees in the Philippines.
LBC president Mike Camahort said the company planned to migrate all its payroll and possibly accounting systems.
“This was not a difficult decision to make because of the value Ramco is giving the company. Maybe later on, we can add more of Ramco’s services. We are especially interested to acquire their logistics system, if we can afford it,” he said in a news briefing Wednesday in Pasay City.
LBC said as a part of the agreement, it would implement Ramco HCM integrated with global payroll across its global enterprise covering associates in more than 30 countries.
This will include modules for core HR, time and attendance, leave management, employee self service, and recruitment.
The move to a unified web-based application will enable LBC Express’ HR team to focus on more strategic HR initiatives while aspects related to employee self-service would now be completely automated.
Employees will be able to get real-time access to data via SMS chat, mail transactions, Chatbot and other. This is expected to reduce employee support cost, time and effort, substantially.
Ramco has 10 major accounts in the Philippines in various sector that includes retail, airlines and services.
“Our recent entry into the Philippines market has started yielding significant results. With rapid economic growth, the Philippines has been showing greater adoption for innovative technology. Some of our next-gen, intuitive features like Chatbots and Mobility have been garnering great interest. The addition of LBC Express to our growing Filipino clientele further strengthens our footprint in the region paving way for major inroads into the market,” Ramco chief executive Virender Aggarwal said.