Cloud-based software firm Ramco Systems said it received an order from Australia-based property management company Opteon Solutions for its payroll management software.
Ramco will implement its Single Touch Payroll software which will streamline functions such as calculation of salary, increments and incentives, retroactive pay, country-specific statutory compliance, as well as tax reporting.
The software features elements like artificial intelligence and machine learning to guide user transactions and prevent data processing errors, the company said.
Opteon Solutions has more than 75 offices in Australia and New Zealand.
The company expects to automate its manual and time-consuming payroll services and free up its resources.
Ramco’s Payroll software is already used by 450 organizations.
Besides payroll, Ramco Systems — the most successful standalone cloud-computing software provider in India — also offers solutions that help organizations manage their human resources, inventory, logistics, vendors etc.. It is part of the $1 billion Ramco Group, one of India’s biggest cement makers.