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Ramco Systems Participates in CII’s BANKing TECH Summit 2011


June 28, 2011 - Chennai, Tamil Nadu, India

Ramco Systems (BSE - 532370, NSE – RAMCOSYS, MSE – RSST); one of the leading enterprise software company focused on consulting, products and managed services, has announced that it will co-sponsor this year’s edition of the CII’s flagship Banking Technology Summit. The event will be held on June 28, 2011 at the Taj Mahal Palace in Mumbai, India.

BANKing TECH Summit 2011 aims to focus on expanding the frontiers of the Banking industry with innovations in technology. The summit will bring all stakeholders on a common platform to discuss and deliberate upon the challenges faced by the industry. It will look at how best technology can be leveraged to adopt a sustainable and inclusive growth strategy. The theme of the summit is “Banking – Changing the rules of the game through technology” and it will be attended by the who’s who of India’s banking industry.

In the first session focussing on “Driving next wave of growth through technology”, Mr. Kalyanasundar, Adviser – Ramco Systems, will be sharing his views on the topic - ‘Changing demand on technology – from process enablement to decision enablement’. With banks successfully implementing Core Banking Solution for business process enablement, the next wave in technology is expected to be Business Intelligence / Analytics. Analytics helps transform the huge volumes of data in the bank’s operational data store into intelligence for decision making.

Speaking about Ramco’s participation in the event, Mr. Durai Rajasekar, Executive VP – BI and Cloud Computing Solutions, Ramco Systems, said, “ Ramco Banking Analytics is a powerful, pre-built, ready-to-run analytics product for banks. As the entire solution is pre-engineered, banks can start reaping the benefits of Analytics at a fraction of the cost and time that is taken to build a traditional Analytics solution ground-up by contracting engineering and Data warehouse resources from traditional service providers. This year, we are focussing on marketing this powerful BI offering in India. Through participating in the CII BANKing Tech summit, we hope to seal our presence in the Banking BI space.”

Ramco Banking Analytics is a pre-built BI and Performance Management application which empowers bankers to 'Measure, Monitor and Manage' their business goals, risks and growth. It facilitates collaborative decision making and is powered by a comprehensive BI Platform – Ramco DecisionWorks , which offers a robust infrastructure and can address large scale Enterprise Data Warehouse needs. It is a comprehensive solution suite covering key decision areas viz. Loan Analytics, Deposit Analytics, Customer Analytics, Trade Finance Analytics & Financial Performance Analytics. Ramco Banking Analytics has been successfully implemented in a leading public sector bank with a network of 3200 branches, and about customer base of 4 crore.

To know more about Ramco Banking Analytics, visit www.ramco.com/Banking_Analytics.asp

Download Banking Analytics brochure:
http://www.ramco.com/downloads/brochures/Banking_Analytics.pdf

Download Loan Analytics factsheet:
http://www.ramco.com/downloads/brochures/Loan_Analytics_Factsheet.pdf

About Ramco Systems:

Ramco Systems, a part of the USD 876 million Ramco Group, is one of the leading software company focused on consulting, product and managed services business. Headquartered in Chennai, Ramco Systems was started as an R&D division of Ramco Industries Limited in 1992, and later established as an independent company in 1999. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments. Globally, Ramco has over 125,000 users from 800+ customer organizations since inception. The company has offices spread across India, USA, Canada, Europe, Middle East, South Africa and APAC and employs over 1,500 employees.

Ramco’s key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform - Ramco VirtualWorks™. Ramco Systems has seven major product suites – Ramco Enterprise Suite, Ramco Enterprise Asset Management Suite, Ramco Aviation, Ramco OnDemand ERP (ERP on Cloud), Ramco Enterprise Information Management Suite, Ramco Advanced Process Control, and Ramco Mine Management. Strong domain knowledge coupled with proven implementation expertise enables Ramco to provide specialized solutions in verticals such as Manufacturing, Real Estate & Construction, Energy & Utilities, Logistics, Service, BFSI, Aviation, Government and Defense.

Ramco Systems has been assessed for ISO 9001:2008 and ISO 27001:2005 information security standards. Ramco’s BPO unit is SAS 70 Type II certified.

“Ramco Systems Limited (“the Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a rights issue of its equity shares and has filed a draft letter of offer (“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in , on the website of the lead manager at www.centrum.co.in and of the Company at www.ramco.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the aforementioned DLOF. The distribution of the DLOF to persons in certain jurisdictions outside India may be restricted by legal requirements prevailing in those jurisdictions. Persons into whose possession the DLOF may come will require them to inform themselves about and observe such restrictions. The equity shares proposed to be issued have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India (including but not limited to any securities laws in the United States) and may not be offered or sold, and persons in any such jurisdiction shall not participate in the proposed issue except in compliance with the applicable laws of such jurisdiction”.

For more information, please visit www.ramco.com

Follow Ramco on Twitter @ramcosystems / read latest news & updates on http://www.ramcoblog.com/

Source: Business Wire India

BusinessWireIndia

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