Ramco HCM vs Workday comparison

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Ramco HCM

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Executive SummaryUpdated on Nov 3, 2024

Workday and Ramco HCM are key competitors in the human capital management space. Ramco HCM has the advantage of customization without significant extra cost, enhancing its appeal for flexible needs.

Features: Workday offers features such as ease of navigation, a powerful payroll and benefits engine, and strong reporting capabilities. Ramco HCM provides unique features like Mail It, Thumb It, and Bot It, with comprehensive modules covering payroll, training, and recruitment.

Room for Improvement: Workday can improve its user interface and mobile access, with users noting complex configurations needing simplification. Ramco HCM could enhance its user interface and is reported to lack mobile app functionality, with high costs for customization and requiring improved consistency and performance.

Ease of Deployment and Customer Service: Workday supports multiple deployment models, excelling in community support but receiving mixed feedback on technical support satisfaction, emphasizing the importance of fast response times. Ramco HCM focuses on public cloud deployment with consistently available and responsive technical support, gaining praise for its direct support.

Pricing and ROI: Workday is expensive for small to medium-sized enterprises, but offers a streamlined process providing ROI, though costs may accrue with additional modules. Ramco HCM's pricing model is flexible, seen as cheaper than competitors but potentially costly with extensive customization. Both deliver ROI through time-saving features, albeit with differing cost structures.

To learn more, read our detailed Ramco HCM vs. Workday Report (Updated: November 2024).

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Ramco HCM vs. Workday

November 2024

Helped 824,053 peers since 2012

Categories and Ranking

Ramco HCM

Ranking in Benefits Administration

12th

Ranking in Talent Management

17th

Ranking in Cloud HCM

14th

Average Rating

7.0

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

Applicant Tracking and Recruiting Software (7th)

Workday

Ranking in Benefits Administration

1st

Ranking in Talent Management

2nd

Ranking in Cloud HCM

2nd

Average Rating

8.2

Reviews Sentiment

6.9

Number of Reviews

Ranking in other categories

Talent Acquisition (2nd)

Mindshare comparison

As of December 2024, in the Cloud HCM category, the mindshare of Ramco HCM is 0.6%, down from 0.7% compared to the previous year. The mindshare of Workday is 18.0%, down from 18.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Cloud HCM

Featured Reviews

Sudarsan Santhosh Kumar S.

Senior Application Development Specialist at Accenture

It's so easy to use that a customer can easily understand the process with zero knowledge of the system

Ramco is user-friendly. The UA is excellent and so easy to use that a customer can easily understand the process with zero knowledge of the system. We can easily walk a new user through the user guide. For each ESS MSS, I can log in to the ESS access. And documentation is available. Ramco doesn't charge much when customers request custom KPI calculations and other custom features. Workday and SAP impose a high charge. Ramco's bots are excellent, whereas Workday doesn't have an automated system and is only now developing a mobile app.

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Sarvesh Kumar Jha

Senior Technology Consultant at PricewaterhouseCoopers

Easy to use and provides great flexibility and security

Implementing the solution is generally not easy because it depends on our client's landscape. In the last one and a half years, Workday has started a new implementation approach called launch implementation. This approach allows you, as a client organization, to implement Workday in a shorter amount of time, given that you fulfill certain criteria. It depends on the number of subsidiaries and employees you have and their compensation structure. If it's not too complex, Workday provides its clients with this new approach called launch, where they can quickly onboard with the Workday without many complex requirements. The general implementation for Fortune 500 companies is always complex.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"Once we implemented this solution, it was customizable for our needs and this has been the most valuable aspect of this solution."

"Ramco HCM is a stable system that doesn't have downtime or fluctuation issues. It can also take large volumes and scale up very fast."

"Payroll processing is very easy. SQL rules can be attached to any pay elements."

"In general, the solution is very flexible and can be configured in multiple ways."

"Ramco HCM stands out due to its reliability and up-to-date compliance with legal, statutory, and regulatory requirements."

"It is a good product, and it is suitable for different client requirements. It has customization options and flexibility. You can customize a report or configure the workflow based on your requirements. Everything is there in the product, and you can customize it as per your requirement. Our clients found the automation of the payroll, leave attendance, and onboarding modules the most valuable. The Time and Attendance module is fully integrated with this solution and supports multiple data entry modes, such as barcode, biometric device, fingerprints, and face reading. Its core HR module includes features like movement, expense management, exit, and separation. The compensation and benefits module includes features like welfare, retirement, and superannuation. It also has analytical tools. You can create a real-time report based on your requirements. You can also publish that report in different formats, such as Excel, PDF, HTML, etc. It has a chatbot feature, which is using machine learning and natural language. You can ask questions about your leave balance, attendance, or things like that, and you will get an immediate reply from the chatbot. It also supports approval through email."

"The performance management system is really good."

"Ramco is user-friendly. The UA is excellent and so easy to use that a customer can easily understand the process with zero knowledge of the system. We can easily walk a new user through the user guide. For each ESS MSS, I can log in to the ESS access. and documentation is available."

"The most valuable feature is the ease of reporting."

"The solution is stable."

"We have fewer systems, less manual data entry, and less processing."

"This product is leaps and bounds above the competition. Part of the reason is that it is built with modern technology. It has no legacy coding in it at all."

"We like the fact that this solution is very user-friendly, with a straightforward user interface."

"The payroll and benefits engine is the most valuable Workday solution in my opinion. It is also easy to access."

"Workday is a secure product."

"It saves a lot of time for onboarding processes."

More Workday pros

Cons

"One area for improvement in Ramco HCM is its UI, which could be more intuitive. Another area for improvement in the system is that it can be challenging to make some modular-based changes to it."

"The mobile app for this solution could be improved as it lacks many features."

"The talent management and performance appraisal modules could use some improvement."

"Ramco could be a bit faster and offer more use cases. A prime aim is to get analytics and this is lacking in Ramco. This lack of reporting is one of the reasons we are moving away from using Ramco."

"They can improve the configuration time because it takes more time than other products to configure the system. It could be because they are managing this single product for all countries, but it would be good if they improve the implementation time because we need to implement the solutions within a timeline. They should provide some kind of auto-configuration so that the system can be configured and implemented within a certain timeline. Implementors should have a provision to configure the system in a short time. There should also be an option to move the setup or configuration from staging to production to save time. These types of automation should be there."

"The entire UI/UX of the solution can be improved drastically."

"The product itself sometimes feels inconsistent because it comes with bugs."

"The mobile app and web page user experience could be more user friendly."

"One area that could be improved with Workday is the analytics side."

"I would really like to see a more robust timekeeping solution in Workday. Currently, most organizations are using Kronos for timekeeping and Workday for HR data. They then integrate Workday with Dimensions to manage time-related activities and payroll processing."

"The solution needs to be updated with generative UI."

"We would like to see improvement in the mobile app variant of this solution. The time sheet entry and approval, and the geo-tagging features all need to have their functionality updated, in order to be comparable with other products on the market."

"My opinion is that this solution can improve the overall integrations and add more automation. I think anything that could be on a self-serve basis would work quite well."

"The implementation could have gone a little smoother."

"One potential feature that could be added is the ability to streamline business processes through quick tips and guided tours. This would allow for a smoother and more guided experience for colleagues as they navigate through different processes and steps. It would be similar to a guidance system or a step-by-step tutorial that could be added after the business process to guide users through it."

"The solution has some features missing when you put them in the test studio or Confluence Studio. I would like the tool’s coding to be easier to understand and automated. Most of the coding these days is automated. Any query given can pull the answer directly which can make the solution easier to understand."

More Workday cons

Pricing and Cost Advice

"I am not aware of the price because I was working in the implementation team, but pricing is generally based on the requirement, modules, headcount, and country."

"This solution is priced in the middle compared to other solutions on the market."

"Their customized solution is pretty expensive but much cheaper than its competitors."

"I would rate the solution’s pricing a six out of ten."

"Its price is pretty high. It is more expensive than what is offered by other competitors in the market."

"I rate the product’s pricing a ten out of ten."

"By and large, Workday is expensive. It is based on the headcount. I'd probably rate it a three or four out of five in terms of pricing. It'd be like buying a Mercedes or a high-end car. It's expensive, but there's a specific value that you're getting with additional features and things of that nature. Using that metaphor, Workday probably tends to be more of a luxury. There are others like ADP that can do your payroll, your time off, and other things, but they don't do it as well."

"It is on a yearly basis."

"Workday is moderately priced - I'd rate its pricing three out of five."

"I need to pay for a license. It is expensive."

"Workday is an expensive solution."

More Workday pricing and cost advice

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Use our free recommendation engine to learn which Cloud HCM solutions are best for your needs.

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824,053 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Computer Software Company

17%

Financial Services Firm

Government

Comms Service Provider

Educational Organization

32%

Computer Software Company

Financial Services Firm

Manufacturing Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about Ramco HCM?

Ramco HCM stands out due to its reliability and up-to-date compliance with legal, statutory, and regulatory requirements.

What is your experience regarding pricing and costs for Ramco HCM?

The solution is very expensive.

What needs improvement with Ramco HCM?

Ramco is a complex system that does not come with GPS tracking functionality. Customization of Ramco is a big problem and can be costly. When you open Ramco, you should see a dashboard that gives y...

What are the biggest differences between Workday, Oracle Cloud and SAP SuccessFactors?

Differences between Workday, Oracle Cloud,w and SAP SuccessFactors:w Oracle: "simple interface and deep customization to suit the purpose." SAP: Multiple functionalities that increase process effi...

What do you like most about Workday?

I like its UI and UX. When we were using Oracle or SAP, the UI/UX wasn't very user-friendly for the employees.

What is your experience regarding pricing and costs for Workday?

If you go with the launch implementation approach, the solution is generally not very expensive. If you want to add more features to your subscription, Workday becomes expensive. The solution is fl...

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Compared 7% of the time

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Product Reports

Download Ramco HCM product report

Ramco HCM

December 2024

Download Workday product report

November 2024

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Ramco

Overview

Ramco HR & Global Payroll is a complete and refreshingly simple cloud HR software covering HR needs from hire to retire. It offers Core HR, Time and Attendance, Global Payroll (across 45+ countries), Talent Management, Recruitment, Planning & Analytics. Ramco HCM empowers through innovative tech like bots, Zero UI, mobility, in-memory payroll, enabling Digital HR.

Ramco HCM’s unique offerings encompasses but not limited to

Unified HR platform with Global Payroll

• Use of Chat-bots

• Rapid Deployment capabilities

• EmpSense - an app to capture employee mood in real-time

• Talent Tagging - helps managers tag skill-sets to employees for identifying right employee for a project

• SMS based Employee Self Service ESS - allows users to apply leave, raise queries,via a text message

Trusted over 400+ multinationals across 35+ countries, Ramco HCM has been globally recognized by Nelson Hall, Everest Group, CIO Honour, Human Resources Group & CIO Choice.

Click here for more information or write to us at contact@ramco.com.

Workday is a cloud-based software solution that specializes in developing applications for capital and finance management applications. The system is built to work in global workforces and is adaptable. The global system ensures that users are up to date and can manage internal career-related information, and everyday business problems like timesheets, payrolls, and time off.

“A Pioneer in Software-as-a-Service”

Workday Human Capital Management tool is designed to simplify and streamline your work. It leverages machine learning to adapt capital management to a changing environment.

The Workday model is based on delivering a single system that uses a single source of data and a single security model to deliver a unique user experience. The system is user-friendly and ensures that employees and management can use it from any and all devices. Workday HCM integrates into a central system that includes financial management, payroll, recruiting, learning, and planning. Managers and employees can provide feedback to one another, too.

Workday’s features include:

Flexible framework that lets you organize your staff according to different criteria. You can group employees by function, hierarchy, or department.
Personalized career guidance: Knowledge management and career guidance that can be easily customized for each staff member and also done at scale.
Augmented reporting and analytics: Configure, change, update, and publish reports, scorecards, and dashboards. The system centralizes the transactional and analytical data so you can act on the data from anywhere.
Compensation tools: Compensatio, payroll, and time tracking are automated and simplified.
Workforce planning allows you to uncover and address talent gaps and get visibility of your staff.
Mobile-first ensign approach: Users can access all resources from any device, and they are always in sync.
Machine learning capabilities enable personalized enterprise experiences and faster business processes.

Workday smart platform consists of the following modules:

Human resource management
Business process management
Reporting and analytics
Benefits administration
Compensation management
Talent management
Survey framework
Employee and management self-service

Reviews from Real Users

Many organizations choose Workday because it provides an all-in-one modular solution for human capital and finance management. Our users say they like the ease of use for time-off requests, career and development segments, and overall HR management. The records and reporting capabilities are another popular feature.

"The solution was very good at reconfiguration and customization of their software. It helped us to meet federal regulations," said one user. Another said that the best feature is the optimization of the work day experience with a unified platform that can be applied across different business units. “You will never find a use case that cannot be covered," said a third.

Sample Customers

Lifestyle, Bata, Dabur

AAA, Allied Global, Avago Technologies Limited, Aviva, Cardinal Health, CareFusion, Chiquita Brands International, Equifax, Flextronics, HP, Life Time Fitness, McKee Foods, MGM Resorts International, Sanofi, ServiceSource International, Symantec, TripAdvisor, Yahoo!