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Ramco Systems Ltd — Regulatory Filings 2021
Apr 23, 2021
60779_rns_2021-04-23_c573f6d5-848a-4eec-b0b6-5bcc15f902de.pdf
Regulatory Filings
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April 23, 2021
National Stock Exchange of India Ltd
Exchange Plaza, 5th Floor Plot No:C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Scrip: RAMCOSYS
BSE Ltd.,
Corporate Relationship Department Phiroze Jeejheebhoy Towers Dalal Street, Mumbai – 400 001 Scrip: 532370
Dear Sir/Madam,
Sub: Press Release
Ref: Regulation 30 of SEBI LODR
Please find enclosed the press release, titled “ Ramco Aviation and Aeroxchange jointly automate inventory pooling at a leading Aviation MRO Specialist” which is being released to the press from our end.
The aforesaid intimation is also being hosted on the website of the Company www.ramco.com.
Kindly take on record the same.
Thanking You,
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Encl: As above
Ramco Systems Limited
Corporate Headquarters : 64, Sardar Patel Road, Taramani, Chennai 600 113, lndia I Tel: +91 44 2235 4510 / 66534000 Fax: +91 44 2235 2884 I CIN : L72300TN1997PLC037550 l Registered Office :47, P.S.K. Nagar, Rajapalayam 626 108, lndia
Global Offices : lndia l Singapore l Malaysia l China l HongKong l Philippines l Australia l Dubai l USA l Canada l United Kingdom I Germany I Switzerland I South Africa I Sudan
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Ramco Aviation and Aeroxchange jointly automate inventory pooling at a leading Aviation MRO Specialist
Princeton, UNITED STATES / Chennai, INDIA – April 23, 2021 – Global aviation software specialist, Ramco Systems announced that it has gone live at a leading aviation MRO specialist with its Aviation M&E MRO Software V5.8, thereby automating the organization’s business processes. This marks the successful implementation of Ramco together with its partner Aeroxchange , who played a pivotal role in the implementation with its AeroComponent® connector, enabling seamless integration at client end.
With modules for commercials, supply chain management, procurement and repair management, part technical data management and financial management, Ramco Aviation Software V5.8 enables the MRO specialist with solutions to provide visibility through efficient operational and financial reporting, automate their repair order processing and support day-to-day operations and the growing volume of transactions. Integrated with Aeroxchange through their AeroComponent connector, the solution will connect the ITM / Pool Parts providers with their customers’ systems to facilitate real time exchange of data on both demand fulfilment and core return process.
Virender Aggarwal, CEO, Ramco Systems , said, “With Ramco Aviation and Aeroxchange’s (AeroComponent) combined solution, customer demand for parts are interfaced seamlessly with pool provider. Through this, we are able to put in place a robust and scalable platform, that delivers an exceptional degree of supply-chain process automation in a real-world environment, allowing the organization to offer a highly efficient, tailored and differentiated part support service to their customers. We are confident that the MRO specialist will now be able to meet its AOG and Routine demands, thereby driving overall turnaround time (TAT) reduction and delivering SLA commitments, efficiently.
Albert Koszarek, President and Chief Executive Officer, Aeroxchange , said, “Through our partnership with Ramco, customers seeking to realize perfect MRO commerce using Aeroxchange’s real-time collaboration network can benefit from the robust combination of our applications. We look forward to continuing to work with Ramco in providing enhanced value for companies in the aviation industry.”
Ramco Aviation, Aerospace & Defense is trusted by 24,000+ users to manage 4,000+ aircraft globally. Accessible on cloud and mobile, Ramco Aviation & Defense Software continues to innovate with ‘Anywhere Apps’, significantly reducing transaction time both during aircraft-on-ground (AOG) conditions and critical aircraft turnarounds. Ramco is changing the paradigm of enterprise software with Artificial Intelligence based solutions, powered by cool new features such as digital task cards, offline capability, chatbots, mail bots, HUBs and cognitive solutions. With 80+ Aviation organizations onboard, Ramco is the solution of choice for top heli-operators, leading defense companies, space launch vehicles, UAS/Drones, eVTOL and multiple MROs around the world.
About Aeroxchange:
Aeroxchange is the only electronic business network serving the aviation MRO industry. Founded in 2000, Aeroxchange has grown to serve aviation leaders including major airlines, MRO providers, airframe manufacturers, OEMs, part and component suppliers and repair service providers around the world.
About Ramco Systems:
Ramco is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. Part of the USD 1 billion Ramco Group, Ramco Systems focuses on Innovation and Culture to differentiate itself in the marketplace. On the Innovation front, Ramco has been focusing on moving towards Active ERP leveraging Artificial Intelligence and Machine Learning by building features such as Talk It - which allows transactions to be carried out by simple voice commands, Bot it – which allows users to complete transactions using natural conversations; Mail It – transact with the application by just sending an email; HUB It - a one screen does it all concept built to address all activities of a user; Thumb It – mobility where the system presents users with option to choose rather than type values and Prompt It – a cognitive ability which will let the system complete the transaction and prompts the user for approval.
Copyright 2021, Ramco Systems Limited. Information subject to change. All rights acknowledged.
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With 1800+ employees spread across 24 offices, globally, Ramco follows a flat and open culture where employees are encouraged to share knowledge and grow. No Hierarchies, Cabin-less Offices, Respect work and not titles, among others are what makes the team say, Thank God it’s Monday!
Winner of 2020 ISG Paragon Awards Asia Pacific, for ‘Transformation’ and ‘Collaboration’ Awards Leader in NelsonHall’s NEAT Matrix for Next Gen Payroll Services; Winner Global Payroll Transformation Project of the Year – 2019 by Global Payroll Association; Winner of 2018 ISG Paragon Awards Australia, for ‘Best Imagination’ Award
For more information, please visit https://www.ramco.com/products/aviation-software/ Follow Ramco on Twitter @ramcosystems / @ramcoaviation and stay tuned to http://blogs.ramco.com
For further information, contact: Vinitha Ramani +91 9840368048 [email protected]
Ramco Systems Limited 64, Sardar Patel Road, Taramani, Chennai – 600 113 CIN - L72300TN1997PLC037550
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Copyright 2021, Ramco Systems Limited. Information subject to change. All rights acknowledged.