The software will be used to manage 8,000 employees, from hire to retire.
LBC is the Philippines’ market leader in retail and corporate courier & cargo, money remittance, and logistics services. It has 6,400 branches, hubs & warehouses, partners, and agents in over 30 countries.
The size of the deal was not disclosed.
“As a part of the agreement, LBC Express will 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 & Attendance, Leave Management, Employee Self Service, and Recruitment,” the Indian company said.
Unlike traditional software, Ramco uses an Internet- (or Cloud-) based approach to delivering its services.
Employees will be able to get real-time access to data via SMS chat, Mail transactions, CHATBOT among others. This is expected to reduce employee support cost, time and effort, substantially, said Ramco.
Philippines is a strategic market for Ramco due to the high number of outsourcing and technology companies in the country. Besides, Philippines also has a large number of people who work outside and send remittances to the country.
Virender Aggarwal, CEO, Ramco Systems, said, “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.”