Ramco System shares climbed 4.4 percent intraday Tuesday after the company joined hands with KPMG Malaysia to offer HR & payroll business platform as a service (BPaaS).
"Ramco and KPMG Management & Risk Consulting Sdn Bhd will collaborate to use Kuala Lumpur as a springboard to offer advanced cloud-based human resources (HR) and payroll solutions for growth companies across the region," the enterprise software specialist said in its filing.
KPMG said it would use Ramco's HR and Global Payroll Platform as the cloud-based architecture to roll out its Business Platform as a Service.
This would include core HR, payroll, travel, expenses, and time & attendance management, coupled with features like voice, chatbots and mobility.
With rapid growth of mobile usage, Malaysia and the region has reached a critical mass for the adoption of cloud-based solutions which can transform the workforce.