Ramco Services Resource Planning (srp)

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SRP OVERVIEW

Transcript of Ramco Services Resource Planning (srp)

SRP OVERVIEW

Some introspection ……..

Are we trying to solve problems of a

Human Asset intensive industry

with an ERP designed to address

Manufacturing needs?

Services Industry

has specific needs Tracking

DSO

Rate Card

Mgmt

Multi country

Multi currency

consolidation

Bulk

handling

Resource

Visibility

Transaction

Based Billing

Accruals/ Revenue

Recognition

And have a Hairball solution With multiple points solutions

… and information

integrity… ‘Questionable’

OPERATIONS

PROJECT MGMT.

INVENTORY

CRM

FINANCE

HCM

ANALYTICS

Imagine an integrated solution for Services Industry

Professional Services

HCM & Payroll

Financials

Work Force Planning

Procurement

Inventory Management

Travel

Management Dashboards

Ramco now offers….

R P S Services Resource Planning

That is tailor-made for

IT/Consulting/Engineering

Projects

Billing basis – timesheet hours

Outsourcing

Process

Billing basis – transactions

processed

Staffing

Client policies

Billing basis – staff attendance

Will SRP blend into the present eco-system?

Manual Spreadsheets used to

maintain business data

Collage Some outsourcing, software packages, and in-house systems in place

Binder Portal, Report-writing software integrates what is behind

Integrated Systems Single function ERP (Finance, Purchase) integrates with other back ground software

Customer Driven Formal Enterprise System, SRP, that is governed by Customer Policies, Statutory

SRP Customers

Ramco SRP for Professional Services

To close the new

deal, do I have the

profitability

simulations for

scenarios?

Did the deliveries

planned last night,

happen on track?

How to match my

revenues in USD

with subcontract

outflows in INR

If only my Cash flow

forecasts were

colored with the

Project risks

How do I jump start

the MR Aero project

to achieve the short

deadline

Not sure whether all

the resources are

available for this

project

Why is this last

minute rush & pile

up for resources

every time?

There is a sizable

bench but the skills

requirements seem

to be different

always

Tim Folden, Sales

Manager

...running to a

Customer meeting

Diane Pelton,

Finance Coordinator

… pensive before a

presentation to the

Board

Joe Miller,

Program Director –

Nordic

… battling to do the

balancing act

Joan Burns,

Resource Manager

…breaking head over

headcounts

12

It’s a fast Lane,

Need information

on the Go

Ramco SRP, could be your answer ….Addressing the complete engagement life-cycle

Contact to Contract C2C

Requisition to Release R2R

Execution To Billing E2B

Quote to Cash Q2C

The Solution

Contact to Contract

Requisition to Release

Execution to Billing

Quote to Cash

Sales HCM & Payroll Procurement

Project Mgmt.

& Tracking Financials

C2C

R2R

E2B

Q2C

Enterprise Extensions & Self-Service

Data Uploads / eConnect

Embedded Work Flow Analytics eSignature Device

Integration SOA Integration / Collaboration

Advanced Reporting

Mobility Extension Toolkit Wizard Interface

Procurement & Inventory

Procurement

Administration

Sub-contracting

HCM

Resource

Search

Bench

Management

Resource

Request

Allocation

Management

Resource

Allocation

Timesheet

Management

Milestone

Management

Project

Definition

Project Expense

Management

Finance

Project Budget

Project Asset

Accounting

Project Invoicing

Professional Services

Rate Card

Management

Services

Contract

SOW

Management

C2C E2B Q2C R2R

Receivables

Management

Payables

Management

Fixed Assets

Management

General

Accounting

Management

Accounting

Global Tax

Solution

Financial

Services

Organization

Management

Personnel

Management

Recruitment

Payroll &

Benefits

Paid time-off

Management

Travel &

Expenses

Talent

Management

Lead

Management Inventory

Administration

Project

Profitability

Salary

Allocation

Proposal &

Estimation

Revenue

Recognition

Contract based work – T&M, Milestone, transaction based engagements

Managing Multiple currencies, multiple countries,

multiple projects

Managing resource allocations and their time booking

Flexible location based billing rate cards

Service billing for right amount at the right time based

on timesheet

Customer based invoice formats

Profitability at various dimensions like Business

segments, region, employee levels

Key Differentiators

30-40% increase in employee productivity 30- 40%

10% improvement in project

performance with on-time and on-budget completion

Around 20% reduction in time spent on administrative tasks

Invoice TAT reduced by about 15-20%

10%

20%

15- 20%

Business Benefits

Key Business needs • Replace existing fragmented systems

used for Finance, HR, Timesheet and

Attendance

• Handling multi-location and multi-

currency

• Visibility of resource availability for new

projects.

• Handling geo-specific billing rates

Solution offered • Integrated solution for Finance, HR,

Time Management and Attendance

• Centralized employee information

• Multi-currency, multi-location billing

• Global Tax Solution

Key Business benefits • Complex and country-specific taxation

simplified; compliance ensured

• Employee Self Service features made

paperless

• Multi-currency configuration

• Simplified billing for employees in

different geographies with different

currencies

Headquartered in Maryland, USA with development center in Gurgaon, India

Leaders in satellite broadband and networking, technology consulting and communications software development

Customers across 100 countries, representing over 50 percent market share

Key Business needs • Integration between the disparate tools

being used for finance, HR, timesheet

and attendance, etc

• Invoice posting based upon the contract

in rate-card based booking

• Track profitability of projects effectively

• Improve resource utilization

Solution offered • Fully-integrated Finance, HR, Time &

Attendance, Project Management,

Travel and Reimbursement system • Provision for several rate cards like

blended rate, slab and role-based rate for project billing

• Multi-currency, multi-location billing

Key Business benefits • Optimized operations and resource

utilization achieved by tightly integrated solution

• Flexible billing enabled by rate card based invoicing

• Improved employee productivity through paperless automated employee time management

• Multi-currency configuration

Headquartered in Chennai, India with offices in Europe, US and South Africa

Leading provider of IT and Engineering Services for telecommunication industry

Part of 120 year old Jhaver Group with 13000 employees across 60+ locations across the globe

Headquartered in Illinois, USA with offices in North America, Latin America, Europe, Middle East and Asia

Leading provider of IT and Engineering Services for Automotive, Agricultural, Education and Financial sectors

Part of Sakthi Group, a 1.5 billion USD industrial conglomerate

Key Business needs • Integrated end-to-end solution that will

replace multiple disparate systems

• Clear visibility of internal operations

• One version of truth for MIS reporting

Solution offered • Ramco SRP including CRM, Contract

Management, Project based billing,

HCM and Finance • Proposal and Estimation as part of Pre-

contracting • Output/Transaction based billing for

outsourcing operations

Key Business benefits • Improved operational efficiency due to

single integrated solution • Enhanced employee productivity as a

result of reduction in manual excel reporting

• Global consolidation made easy with multi-country enterprise modelling

Ramco SRP for Staffing Services

How do I reduce

Invoicing turn-

around time (TAT)?

My month-end

workload is

unmanageable!!

How do I better

handle timesheets

and attendance

disputes when the

process is

completely manual?

Katy Preston –

Branch Manager

Roy Miller –

Back Office Executive

Joan Summers –

Front Office Executive

Jim McGraw –

Account Manager

How do I get a

sense of the inflow

and outflow of

employees

deployed at my

client sites?

How do I plan re-

deployment of

employees across

client vacancies?

What is my branch

wise employee

profitability and

client profitability?

Some Practical, Day-to-Day Issues…

Timesheets & attendance-related disputes. Most inputs are manual

Varying terms and policies across clients, client locations, makes reconciliation time-consuming

High flux in workforce assigned to a client

Changes in statutory rules and regulations concerning compensation and benefits

How Ramco Helps a Large Staffing Company Run Its Business

Contract

Employee Joining File / Start Form

New Recruit Create Employee id

Maintain Emp.

Records

Record Leave & Timesheet

Timesheet Reconciliation Approve / Reject

Record adhoc

payments &

reimbursements

Consolidate billing

Inputs, Process payroll

On approval

Generate Final

Invoice

Customer California NY Seattle

Employee

On-Site Coordinator

On-Site Coordinator

as per contract Generate pro-forma

invoice

Finance Coordinator

Customer

Create Employee id

Maintain Emp.

Records

Finance

Receivables

Management

Payables

Management

Fixed Assets

Management

General

Accounting

Management

Accounting

Global Tax

Solution

Financial

Services

HCM

Organization

Management

Personnel

Management

Recruitment

Payroll &

Benefits

Paid time-off

Management

Travel &

Expenses

Talent

Management

Procurement & Inventory

Procurement

Administration

Sub-contracting

Inventory

Administration

Enterprise Extensions & Self-Service

Data Uploads / eConnect

Embedded Work Flow Analytics eSignature Device

Integration SOA Integration / Collaboration

Advanced Reporting

Mobility Extension Toolkit Wizard Interface

Contract

Management

Customer

Management

SOW/PO

Management

Lead

Management

Sales

Billing

Configurator

Customer

Billing Setup

Billing

Consolidation

Customer

Policies

Invoicing

Operations

Employee

Movements

Payroll and

Benefits

Applicant

Information

Employee

information

Travel

Information

Employee

contracting

Employee

timesheet

Contractor Management

RAMCO SRP

Staffing Solution

Solution Highlights

Staffing Service Provider

Customer 1+ Policy - 200

Customer 2+ Policy - 100

Customer 3+ Policy - 700

Cost+ / Rate card based invoicing | Customer specific policies apply for Leave, OT, Timesheet,

Reimbursements, Insurance | NFC based attendance | Quicker realization of invoices

INTEG

RA

40% reduction in invoicing errors

Onboarding process is 80% faster

Regular employee : Contractor ratio

brought to 1:100 from 1.6:100

Business Benefits

40%

90%

80%

1:100

90% reduction in Invoice TAT

Key Business needs • Reduce revenue leakage

due to disconnect between operations, payroll & Invoicing

• Robust contract management

• Payroll run at multiple levels viz., Customer, Contract, Site, Employee

Solution offered • Ramco SRP including

Contract Management, Staffing, Finance, Procurement, HCM & Payroll

• Robust Payroll and Global Tax engine

• Wage registers and contract labor reports

Key Business benefits • ROI was achieved in less

than a year • 40% reduction in invoicing

errors • 90% reduction in Invoice

TAT • Onboarding process is 80%

faster

World’s top Staffing service provider , Adecco India is headquartered in Bangalore with 60 branches across India and client base of 1000+ customers

Deal with Executive Search, Recruitment, Learning and Temporary Staffing across various industry segments

Part of Adecco Group, a Fortune 500 company headquartered in Switzerland

Key Business needs • Integrated solution that will

replace multiple disparate systems and manual database of employees

• Manual tracking of Visa Application

• Flexible system that manages client specific attendance and billing rules

Solution offered • Ramco SRP including

Onboarding, Contract Management, Visa tracking, Staffing, HCM and Finance

• Proposal and Estimation as part of Pre-contracting

• Output/Transaction based billing for outsourcing operations

Key Business benefits • Centralized database of all

the associates • Auto generation of invoice • Online Visa tracking and

automatic financial posting

Leading Talent Management company licensed by Federal Government of UAE

With a resource base of 3000 professionals, from over 47 countries, TASC Outsourcing is the partner of choice to more than 200 companies

Staff employees across diverse verticals such as IT, Oil & Gas, Retail, Administration & Support, Sales & Marketing, and Customer Service

Copyright 2015, Ramco Systems Limited. Information subject to change. All rights acknowledged. The contents and information contained in this brochure are intended for general marketing purposes only and should not be relied upon by any person as being complete or accurate. Ramco Systems Limited, its group, employees, agents and other representatives will not accept any liability suffered or incurred by any person arising out of or in connection with any reliance on the content of or information contained in this brochure. This limitation applies to all loss or damage of any kind, including but not limited to, compensatory, direct, indirect or consequential damage, loss of income or profit, loss of or damage to property and claims by third party.

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ramco.com/hcm