PETALING JAYA, Jan 4 -- Managing Director Panasonic Malaysia Sdn Bhd Cheng Chee Chung (second, left) shakes hand with Vice Chairman and Managing Director Ramco Systems Sdn Bhd P.R Venketrama Raja (second, right) during Signing Ceremony Multi- Million Dollar Cloud HR and Payroll Transformation between Panasonic and Ramco Systems today. Also present Deputy Managing Director Panasonic Malaysia Hiroyuki Imizu (left) and Chief Executive Offcial Ramco Systems Virender Aggarwal. Ramco Systems announced that the Panasonic Group of Companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform. --fotoBERNAMA (2017) COPYRIGHT RESERVED
PETALING JAYA: Panasonic Management Malaysia Sdn Bhd expects sales to increase by 5% in the financial years ending March 31, 2017 and 2018, respectively.
Managing director Cheng Chee Chung said the company planned to strengthen its product line-up and increase activities in the shop-front as demand was expected to be nearly flat.
“We are shifting our strategy to the shop-front by paying more attention to promoting product value.
“We also plan to collaborate with other companies to do staff sales,” he told reporters in Petaling Jaya on Wednesday after a signing ceremony between Panasonic Malaysia and Ramco System of India.
Present were chief executive officer of Ramco Systems Virender Aggarwal and Panasonic Management Malaysia deputy managing director Hiroyuki Imizu.
Cheng said that the group would introduce new models with better features across Panasonic product lines.
He added that Panasonic Management Malaysia would ensure the products were affordable as consumers have become more price-sensitive as the cost of living had risen.
Cheng said the group was insulated from the weakening ringgit as more than 60% of its products were marketed locally.
On the partnership with Ramco Systems, Panasonic would integrate its human resource (HR) and administrative functions for its estimated 20,000 employees in Malaysia.
Cheng said currently the group’s 21 entities were using multiple systems and with the integration, its HR and payroll operations would be powered by Ramco Systems.
Panasonic will lead the Digital HR transformation initiative with a cloud-based Ramco Human Capital Management solution, covering core HR, time and attendance, talent management, recruitment, planning and analytics, in addition to payroll. - Bernama
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