Jan. 10, 2017
Image (CIO) - Digital strategies
Almost 20,000 Malaysia-based Panasonic Group employees will have their HR and payroll services managed on a unified platform powered by mobile and analytics following a multimillion dollar digital transformation (DX) deal with India's Ramco Systems.
"As our Malaysia operations expand, the complexity of managing Human Resources and Talent has also multiplied," said Cheng Chee Chung, who is managing director of Panasonic Management Malaysia & Panasonic Malaysia, adding that the digital transformation (DX) project will help consolidate HR and Payroll operations spread across 21 legal entities, which have been using multiple systems.
While the actual value of the deal has not been disclosed, Cheng did comment on the selection of Ramco's HR solutions: "We wanted to be a forerunner in Malaysia in using technology to help build a centralised HR & Payroll system. Ramco's ability to understand and offer a HCM (human capital management) solution, which meets our complex operational needs, coupled with their previous success stories, with the power of Cloud, Mobility and Analytics all on a unified HR & Payroll platform, will help to bring our businesses closer together through this initiative."
He said the HCM solution will integrate with multiple Enterprise Applications and Finance systems across Panasonic's individual companies and meet statutory and payroll requirements.
Cheng said the Panasonic Group's Digital HR transformation initiative will cover core HR, time & attendance, talent management, recruitment, planning & analytics functions in addition to payroll.
Digitisation will evolve HR management's role from an administrative approach to more strategic and business transformation one with the use of the new system's reporting and analytical capabilities.
Impact on employee culture
Cheng expects that employees using this new integrated system will appreciate the reduction of "tedious and time consuming HR processes," which will be simplified and fully automated. "Employees can now be able to apply leave, manage claims, and pull pay slips using self-service features across various platforms including smart phones, tablets and desktops."
Photo - Announcement of deal between Panasonic Group in Malaysia and Ramco Systems
Hiroyuki Imizu, deputy managing director, Panasonic Management Malaysia, said: "We have embarked on a Digital HR programme to cross leverage the best practices across our multiple business entities while bringing in harmonization in HR processes and systems. Through this transformative project, we lay the foundation for our HR shared services and we wish to showcase the benefits that can be derived from using Ramco unified platform across multiple business entities."
Commenting on the digitisation project, P.R Venketrama Raja, vice chairman & managing director, Ramco Systems, said Ramco HCM has been noting significant adoption of digital systems by legacy ERP providers.
"Companies are keen to leverage HR systems that offer simplicity and technological superiority," he said. "We are seeing a growing trend among multinationals wanting to consolidate their multi-country HR operations on a single platform."
Virender Aggarwal, chief executive officer of Ramco Systems, said, "We have invested in building statutory compliance and capabilities to address all of APAC including Japan, Australia, New Zealand; Middle East and most parts of Africa. While most Global HR software have been built to address U.S. or Europe markets, our ability to cover this part of the world gives us a unique standing in the market. Ramco HCM with Global Payroll will be our growth lever in 2017 and will play a significant role in consolidating our leadership in the region."