B2B Payments

Microsoft Embeds AI Into New Payroll Solution

Microsoft is partnering with Ramco Systems to launch a payroll solution on the Microsoft Dynamics 365 platform, reports in Digit said on Tuesday (Aug. 28).

The companies rolled out Ramco Global Payroll Software with embedded Microsoft AI capabilities. The tool uses chatbot and facial recognition technology to meet organizations’ HR and payroll needs.

Launching in more than 45 countries across Asia, the Middle East, Africa, Australia and New Zealand, the payroll tool includes time and attendance management, employee benefits, employee loans and payroll advances, travel financials and other features.

In a statement, Corporate VP and President of Microsoft Asia Ralph Haupter emphasized the focus of AI in the holistic platform.

“Today, AI is at the center of – and a key catalyst for – digital transformation across India,” he said. “We are delighted to further strengthen our partnership with Ramco Systems through Microsoft’s Dynamics 365 platform, combined with the strength of Azure. This AI-enabled solution allows Ramco to maximize both growth and efficiency for their customers in areas such as operational productivity, advanced analytics, Power BI and IoT.”

The announcement did not elaborate exactly how artificial intelligence, chatbots and facial recognition capabilities would be used in the platform.

In another statement, Microsoft India President Anant Maheshwari said the human capital management space is ready for a boost of technology.

“By 2020, 30 percent of mid-market and large enterprises will invest in cloud-deployed human capital management suites,” Maheshwari said. “Our partnership with Ramco takes a step forward in empowering organizations to achieve more. This comprehensive solution for talent management offers the scale and security for digital transformation needs of HR in modern enterprises.”

Last May, Microsoft announced its Microsoft 365 Business platform would have enhanced cybersecurity capabilities for small business users, adding features targeting phishing and ransomware threats. Those upgrades similarly embedded artificial intelligence for enhanced email scanning, automated email link analysis and other cybersecurity capabilities.

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