Ramco Systems: Difference between revisions
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==Ramco Financial Difficulties == |
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Over the past decade, Ramco has been unable to show a net profit from core operations and most recently has seen four conceutive years of declining revenues.<ref>http://www.ramco.com/Investor/Annual_Report_2007_01.pdf</ref> <ref>http://www.ramco.com/Investor/Ramco%20System%20-Annual%20Report%20-%202008-09.pdf</ref> <ref>http://www.ramco.com/Investor/ramco_ar_2008-09.pdf</ref> <ref>http://www.ramco.com/Investor/audited_results_Q4_09_10_global_India.pdf</ref> |
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In 2008 and 2009, Ramco had to sell land and buildings in order to cover cost, with exceptional items accounting for 34% of all income.<ref>http://www.ramco.com/Investor/Ramco%20System%20-Annual%20Report%20-%202008-09.pdf</ref> <ref>http://www.ramco.com/Investor/ramco_ar_2008-09.pdf</ref> |
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Over the 2009-2010 period, Ramco has managed to make its first ever net profit from core operations, primarily by cutting its workforce by almost 50% over the past two years.<ref>http://www.ramco.com/Investor/audited_results_Q4_09_10_global_India.pdf</ref> Even though the global financial crisis has hit India, the growth story for Indian manufacturing remains robust. Therefore, India, with a growing [[economy]] and expanding manufacturing industry, provides a good platform to Ramco Systems to establish the necessary proof of concept for the product. The company is banking on leveraging the success of OnDemand in India to secure the necessary foothold in the global marketplace.<ref name="global marketplace">{{cite journal |
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|title=Ramco Systems Leveraging SaaS Success in India for ERP in Global SME Markets |
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|journal=ARC Advisory Group |
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|url=http://www.arcweb.com/Regions/Asia/Lists/Posts/Post.aspx?ID=84 |
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The solution is powered on Ramco VirtualWorks technology that keeps the solution evergreen and constantly tuned to changing business needs, also reduces the business cycle time hence maximizes on opportunities for growing businesses.<ref name="growing-businesses">{{cite journal |
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|title=APAC Organizations to Have Highest Software Budget Growth |
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|journal=Channel World |
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|url=http://www.channelworld.in/news/index.jsp/artId=4194440 |
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Oringinally touted as having the capability to maintain both a JEE and MS .NET code base for parallel platform versions of Ramco ERP, the technological ability of Ramco VirtualWorks has been called into question by customers and independent research. In 2008, the company took a $5.08M USD "technology platform and product software" "impairment loss write off".<ref>http://www.ramco.com/Investor/ramco_ar_2008-09.pdf</ref> |
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Recently, Ramco's aviation maintenance solution has lost several prominant customers such as Virgin America, SpiceJet and El AL. |
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<ref>http://www.ramco.com/news/company_press_feb_14_06.asp</ref> |
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<ref>http://www.shephard.co.uk/news/3997/</ref> |
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<ref>http://www.flttechonline.com/Current/Two%20Airline%20Companies%20Select%20Ramco%20Maintenance%20and%20Engineering%20Software.htm</ref> |
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== Partnership Programs == |
== Partnership Programs == |
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Revision as of 15:42, 18 June 2010
 | A major contributor to this article appears to have a close connection with its subject. (May 2009) |
| File:Ramco Systems Logo 107px.jpg | |
| Company type | Public (BSE) |
|---|---|
| Industry | Software products and services |
| Founded | 1989 |
| Headquarters | Chennai , India |
Key people | P.R.Venketrama Raja ,Vice Chairman, Managing Director & CEO Kamesh Ramamoorthy, Chief Operating Officer |
| Products | Ramco Enterprise Series, Ramco OnDemand ERP |
Number of employees | ~ 2,000 |
| Website | www.ramco.com |
Ramco Systems Limited (BSE – 532370, NSE – RAMCOSYS, MSE – RSST) is a software products and services provider incorporated in India. Ramco Systems is a provider of Aviation Maintenance & Engineering (M&E) and Maintenance Repair & Overhaul (MRO) Software.[1]
Ramco's aviation solution competes against larger competitors such as SAP, HCL/Axon (iMRO), Oracle, Rusada, Swiss Aviation Software (AMOS), Mxi Technologies (Maintenix), Trax and Ultramain as well as many smaller competitors like 2MoRO, AeroSoft, Cimber Air Data (Amicos), Component Control, IFR (AMASIS), MIRO Technologies (AuRA and Gold), and many others. [2]
History
P.R Venketrama Raja, established Ramco Systems in 1989. The company has developed an enterprise application assembly and delivery platform called Ramco VirtualWorks. Ramco Ondemand ERP is one of the company's products.
Products
Ramco Systems is in the enterprise software product market space.
Ramco’s web-based Corporate Performance Management & Business Intelligence product, Ramco DecisionWorks, is intended to address the enterprise analytic needs of services related businesses such as government, education and healthcare, and asset intensive businesses such as aviation, logistics and utilities.[3]
Ramco OnDemand ERP
Software as a service ERP Software as a Service (SaaS) is a model of delivering software applications to customers over the internet. Ramco OnDemand ERP solution enables to integrate and streamline the business process into one solution, which gives the customer total visibility and control of operations. SaaS takes away the huge capital expenditure involved in an on-premise model. The ERP users can obtain the optimal usage of an ERP suite without buying the software. It is a subscription based model and the solution can be scaled up to accommodate multiple locations, currencies and business units.[4] “Ramco OnDemand ERP has all the features required to run an organization; if customization is required, it is feasible as the requisite tools are available for customization”.[5] The customers find the application to be user friendly, more responsive and efficient enough to coordinate & integrate the business processes.[6]
Partnership Programs
Ramco’s Technology Partners include Microsoft, IBM, Intel, Rockwell Automation etc.[citation needed]
See also
References
- ^ Ramco Systems
- ^ http://www.capterra.com/aviation-maintenance-software
- ^ "Ramco Systems releases new version of Microsoft's DecisionWorks". expressindia.
- ^ "The elusive transformation". business Today.
- ^ "ERP-as-a-service". Express Computer.
- ^ "Testimonials". Ramco Systems.