It said AP Cargo Logistic Network Corp will implement Ramco Svstems’ Logistics Software to manage its freight operations nationwide. The deal includes Finance and human resource management modules as well, besides transport management, hub management; warehouse management, fleet management, visibility, rating and billing.
This is the second such win for Ramco among big logistics players in Philippines — one of the Chennai-based company’s core markets.
In November last year, it had announced a “multi-million dollar order” from Philippines-based logistics and money transfer company LBC Express.
Providers like Ramco offer sophisticated, cloud-based enterprise software at a fraction of the cost of their international rivals like SAP and Oracle, making these Indian providers attractive to cost-conscious enterprise clients.
The Philippine company has 1,600 employees and 500 plus vehicles.
“The partnership comes at a time when Philippines is rapidly adopting lT solutions to ramp up its logistics capabilities and infrastructure,” it said.
The Philippine freight and logistics market is expected to be worth USD 60.22 billion by 2023, according to ResearchAndMarkets.com. Growth in Philippines, like in India, is led by the rise of e-commerce.
Ramco, which set up its Philippine subsidiary in mid-2016, said it has been witnessing “stupendous growth” in the region, with nearly 40% of the new order booking for APAC in 2017-18 coming from Philippines.
It said it focuses on “employing some of the innovative minds locally” in the market.
Vincent John S. Villacorte, Vice President – Business Operations, AP Cargo said the Indian company’s track record as a logistics software provider in the Philippines was a key factor behind the decision to go with Ramco.
“Having already secured partnerships with leading logistics providers in the Philippines, we have built our solution to address specific pain points in this market and enable clients to leapfrog the competition,” said Virender Aggarwal, CEO, Ramco Systems.