Post on 20-Aug-2015
transcript
Some introspection ……..
Are we trying to solve problems of a
Human Asset intensive industry
with an ERP designed to address
Manufacturing needs?
Services Industry
has specific needs Tracking
DSO
Rate Card
Mgmt
Multi country
Multi currency
consolidation
Bulk
handling
Resource
Visibility
Transaction
Based Billing
Accruals/ Revenue
Recognition
And have a Hairball solution With multiple points solutions
… and information
integrity… ‘Questionable’
OPERATIONS
PROJECT MGMT.
INVENTORY
CRM
FINANCE
HCM
ANALYTICS
Imagine an integrated solution for Services Industry
Professional Services
HCM & Payroll
Financials
Work Force Planning
Procurement
Inventory Management
Travel
Management Dashboards
That is tailor-made for
IT/Consulting/Engineering
Projects
Billing basis – timesheet hours
Outsourcing
Process
Billing basis – transactions
processed
Staffing
Client policies
Billing basis – staff attendance
Will SRP blend into the present eco-system?
Manual Spreadsheets used to
maintain business data
Collage Some outsourcing, software packages, and in-house systems in place
Binder Portal, Report-writing software integrates what is behind
Integrated Systems Single function ERP (Finance, Purchase) integrates with other back ground software
Customer Driven Formal Enterprise System, SRP, that is governed by Customer Policies, Statutory
To close the new
deal, do I have the
profitability
simulations for
scenarios?
Did the deliveries
planned last night,
happen on track?
How to match my
revenues in USD
with subcontract
outflows in INR
If only my Cash flow
forecasts were
colored with the
Project risks
How do I jump start
the MR Aero project
to achieve the short
deadline
Not sure whether all
the resources are
available for this
project
Why is this last
minute rush & pile
up for resources
every time?
There is a sizable
bench but the skills
requirements seem
to be different
always
Tim Folden, Sales
Manager
...running to a
Customer meeting
Diane Pelton,
Finance Coordinator
… pensive before a
presentation to the
Board
Joe Miller,
Program Director –
Nordic
… battling to do the
balancing act
Joan Burns,
Resource Manager
…breaking head over
headcounts
Ramco SRP, could be your answer ….Addressing the complete engagement life-cycle
Contact to Contract C2C
Requisition to Release R2R
Execution To Billing E2B
Quote to Cash Q2C
The Solution
Contact to Contract
Requisition to Release
Execution to Billing
Quote to Cash
Sales HCM & Payroll Procurement
Project Mgmt.
& Tracking Financials
C2C
R2R
E2B
Q2C
Enterprise Extensions & Self-Service
Data Uploads / eConnect
Embedded Work Flow Analytics eSignature Device
Integration SOA Integration / Collaboration
Advanced Reporting
Mobility Extension Toolkit Wizard Interface
Procurement & Inventory
Procurement
Administration
Sub-contracting
HCM
Resource
Search
Bench
Management
Resource
Request
Allocation
Management
Resource
Allocation
Timesheet
Management
Milestone
Management
Project
Definition
Project Expense
Management
Finance
Project Budget
Project Asset
Accounting
Project Invoicing
Professional Services
Rate Card
Management
Services
Contract
SOW
Management
C2C E2B Q2C R2R
Receivables
Management
Payables
Management
Fixed Assets
Management
General
Accounting
Management
Accounting
Global Tax
Solution
Financial
Services
Organization
Management
Personnel
Management
Recruitment
Payroll &
Benefits
Paid time-off
Management
Travel &
Expenses
Talent
Management
Lead
Management Inventory
Administration
Project
Profitability
Salary
Allocation
Proposal &
Estimation
Revenue
Recognition
Contract based work – T&M, Milestone, transaction based engagements
Managing Multiple currencies, multiple countries,
multiple projects
Managing resource allocations and their time booking
Flexible location based billing rate cards
Service billing for right amount at the right time based
on timesheet
Customer based invoice formats
Profitability at various dimensions like Business
segments, region, employee levels
Key Differentiators
30-40% increase in employee productivity 30- 40%
10% improvement in project
performance with on-time and on-budget completion
Around 20% reduction in time spent on administrative tasks
Invoice TAT reduced by about 15-20%
10%
20%
15- 20%
Business Benefits
Key Business needs • Replace existing fragmented systems
used for Finance, HR, Timesheet and
Attendance
• Handling multi-location and multi-
currency
• Visibility of resource availability for new
projects.
• Handling geo-specific billing rates
Solution offered • Integrated solution for Finance, HR,
Time Management and Attendance
• Centralized employee information
• Multi-currency, multi-location billing
• Global Tax Solution
Key Business benefits • Complex and country-specific taxation
simplified; compliance ensured
• Employee Self Service features made
paperless
• Multi-currency configuration
• Simplified billing for employees in
different geographies with different
currencies
Headquartered in Maryland, USA with development center in Gurgaon, India
Leaders in satellite broadband and networking, technology consulting and communications software development
Customers across 100 countries, representing over 50 percent market share
Key Business needs • Integration between the disparate tools
being used for finance, HR, timesheet
and attendance, etc
• Invoice posting based upon the contract
in rate-card based booking
• Track profitability of projects effectively
• Improve resource utilization
Solution offered • Fully-integrated Finance, HR, Time &
Attendance, Project Management,
Travel and Reimbursement system • Provision for several rate cards like
blended rate, slab and role-based rate for project billing
• Multi-currency, multi-location billing
Key Business benefits • Optimized operations and resource
utilization achieved by tightly integrated solution
• Flexible billing enabled by rate card based invoicing
• Improved employee productivity through paperless automated employee time management
• Multi-currency configuration
Headquartered in Chennai, India with offices in Europe, US and South Africa
Leading provider of IT and Engineering Services for telecommunication industry
Part of 120 year old Jhaver Group with 13000 employees across 60+ locations across the globe
Headquartered in Illinois, USA with offices in North America, Latin America, Europe, Middle East and Asia
Leading provider of IT and Engineering Services for Automotive, Agricultural, Education and Financial sectors
Part of Sakthi Group, a 1.5 billion USD industrial conglomerate
Key Business needs • Integrated end-to-end solution that will
replace multiple disparate systems
• Clear visibility of internal operations
• One version of truth for MIS reporting
Solution offered • Ramco SRP including CRM, Contract
Management, Project based billing,
HCM and Finance • Proposal and Estimation as part of Pre-
contracting • Output/Transaction based billing for
outsourcing operations
Key Business benefits • Improved operational efficiency due to
single integrated solution • Enhanced employee productivity as a
result of reduction in manual excel reporting
• Global consolidation made easy with multi-country enterprise modelling
How do I reduce
Invoicing turn-
around time (TAT)?
My month-end
workload is
unmanageable!!
How do I better
handle timesheets
and attendance
disputes when the
process is
completely manual?
Katy Preston –
Branch Manager
Roy Miller –
Back Office Executive
Joan Summers –
Front Office Executive
Jim McGraw –
Account Manager
How do I get a
sense of the inflow
and outflow of
employees
deployed at my
client sites?
How do I plan re-
deployment of
employees across
client vacancies?
What is my branch
wise employee
profitability and
client profitability?
Some Practical, Day-to-Day Issues…
Timesheets & attendance-related disputes. Most inputs are manual
Varying terms and policies across clients, client locations, makes reconciliation time-consuming
High flux in workforce assigned to a client
Changes in statutory rules and regulations concerning compensation and benefits
How Ramco Helps a Large Staffing Company Run Its Business
Contract
Employee Joining File / Start Form
New Recruit Create Employee id
Maintain Emp.
Records
Record Leave & Timesheet
Timesheet Reconciliation Approve / Reject
Record adhoc
payments &
reimbursements
Consolidate billing
Inputs, Process payroll
On approval
Generate Final
Invoice
Customer California NY Seattle
Employee
On-Site Coordinator
On-Site Coordinator
as per contract Generate pro-forma
invoice
Finance Coordinator
Customer
Create Employee id
Maintain Emp.
Records
Finance
Receivables
Management
Payables
Management
Fixed Assets
Management
General
Accounting
Management
Accounting
Global Tax
Solution
Financial
Services
HCM
Organization
Management
Personnel
Management
Recruitment
Payroll &
Benefits
Paid time-off
Management
Travel &
Expenses
Talent
Management
Procurement & Inventory
Procurement
Administration
Sub-contracting
Inventory
Administration
Enterprise Extensions & Self-Service
Data Uploads / eConnect
Embedded Work Flow Analytics eSignature Device
Integration SOA Integration / Collaboration
Advanced Reporting
Mobility Extension Toolkit Wizard Interface
Contract
Management
Customer
Management
SOW/PO
Management
Lead
Management
Sales
Billing
Configurator
Customer
Billing Setup
Billing
Consolidation
Customer
Policies
Invoicing
Operations
Employee
Movements
Payroll and
Benefits
Applicant
Information
Employee
information
Travel
Information
Employee
contracting
Employee
timesheet
Contractor Management
RAMCO SRP
Staffing Solution
Solution Highlights
Staffing Service Provider
Customer 1+ Policy - 200
Customer 2+ Policy - 100
Customer 3+ Policy - 700
Cost+ / Rate card based invoicing | Customer specific policies apply for Leave, OT, Timesheet,
Reimbursements, Insurance | NFC based attendance | Quicker realization of invoices
INTEG
RA
40% reduction in invoicing errors
Onboarding process is 80% faster
Regular employee : Contractor ratio
brought to 1:100 from 1.6:100
Business Benefits
40%
90%
80%
1:100
90% reduction in Invoice TAT
Key Business needs • Reduce revenue leakage
due to disconnect between operations, payroll & Invoicing
• Robust contract management
• Payroll run at multiple levels viz., Customer, Contract, Site, Employee
Solution offered • Ramco SRP including
Contract Management, Staffing, Finance, Procurement, HCM & Payroll
• Robust Payroll and Global Tax engine
• Wage registers and contract labor reports
Key Business benefits • ROI was achieved in less
than a year • 40% reduction in invoicing
errors • 90% reduction in Invoice
TAT • Onboarding process is 80%
faster
World’s top Staffing service provider , Adecco India is headquartered in Bangalore with 60 branches across India and client base of 1000+ customers
Deal with Executive Search, Recruitment, Learning and Temporary Staffing across various industry segments
Part of Adecco Group, a Fortune 500 company headquartered in Switzerland
Key Business needs • Integrated solution that will
replace multiple disparate systems and manual database of employees
• Manual tracking of Visa Application
• Flexible system that manages client specific attendance and billing rules
Solution offered • Ramco SRP including
Onboarding, Contract Management, Visa tracking, Staffing, HCM and Finance
• Proposal and Estimation as part of Pre-contracting
• Output/Transaction based billing for outsourcing operations
Key Business benefits • Centralized database of all
the associates • Auto generation of invoice • Online Visa tracking and
automatic financial posting
Leading Talent Management company licensed by Federal Government of UAE
With a resource base of 3000 professionals, from over 47 countries, TASC Outsourcing is the partner of choice to more than 200 companies
Staff employees across diverse verticals such as IT, Oil & Gas, Retail, Administration & Support, Sales & Marketing, and Customer Service
Copyright 2015, Ramco Systems Limited. Information subject to change. All rights acknowledged. The contents and information contained in this brochure are intended for general marketing purposes only and should not be relied upon by any person as being complete or accurate. Ramco Systems Limited, its group, employees, agents and other representatives will not accept any liability suffered or incurred by any person arising out of or in connection with any reliance on the content of or information contained in this brochure. This limitation applies to all loss or damage of any kind, including but not limited to, compensatory, direct, indirect or consequential damage, loss of income or profit, loss of or damage to property and claims by third party.
contact@ramco.com
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