Brunei's largest bank signs deal with Ramco

Chennai: Ramco Systems on Wednesday announced that it has signed a deal with Bank Islam Brunei Darussalam (BIBD), Brunei's largest bank and flagship Islamic financial institution.

The bank will integrate its business processes across HR and enterprise resource planning functions with Ramco Systems' Enterprise Resource Planning (ERP) integrated with full suite Human Capital Management (HCM) and Global Payroll.

Cloud software provider Ramco beat global vendors to secure the contract with BIBD. The partnership marks Ramco's entry into Brunei and strengthening of presence in South East Asia.

Ramco will implement its ERP solution integrated with full suite HCM and Global Payroll across BIBD's branches in Brunei's four districts. BIBD has more than 900 employees in the four districts.

The scope of engagement includes finance and accounting, inventory and procurement as well as core HR functions, time & attendance, payroll, training and recruitment.

Tahir Muzaffar, CIO, Bank Islam Brunei Darussalam, said, "We are excited to embark on a digital journey with Ramco's ERP integrated with full suite HCM & Global Payroll. This transformative project will support our push into digitising our back office operations as part of our overall business strategy of streamlining our services and processes to not just our customers and partners, but also our internal staff. Our partnership with Ramco ERP will digitise procurements, payments and hire to retire functions thus bringing better visibility of our assets and improving productivity. With in-built Mobility and Analytics, we will be among the forerunners in bringing modern-day banking experience to our partners and staff."

Virender Aggarwal, CEO, Ramco Systems, said, "Ramco has been a trusted choice of brands looking for embracing innovative technology solutions that can transform their business. Our partnership with Brunei's leading financial Institution is a reflection of the strong product capability, innovative features that we bring to the table and above all positive customer sentiment. With BIBD, we expand into yet another new market which holds new promise and opportunity for further growth in Asia.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.