2020-12-06T09:56:00Z

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

Julia Miller - PeerSpot reviewer
  • 0
  • 18
PeerSpot user
5

5 Answers

GS
Real User
Top 5Leaderboard
2023-10-26T07:57:03Z
Oct 26, 2023

The solution is very expensive.

Search for a product comparison
SM
Consultant
2023-01-04T19:17:56Z
Jan 4, 2023

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

NS
Real User
2020-12-21T00:46:50Z
Dec 21, 2020

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.

VV
Real User
2020-12-09T22:22:34Z
Dec 9, 2020

Ramco's customized solution is pretty expensive but much cheaper than its competitors. With proper planning, documentation of requirements, you can avoid delays and keep costs down. The more you customize, the higher the costs as you'll need a team to build it.

SN
Real User
2020-12-06T09:56:00Z
Dec 6, 2020

The license is not a subscription model. It's not the SaaS subscription model, but otherwise it runs like an SaaS. They have three or four different licensing models, but we opted for a perpetual license. We own the license and it's hosted and managed by Ramco. It's very straightforward, you could choose a public option or something that's on an SaaS subscription model or you can have your own hosting and your own license. The third option, which we chose, is to have your license hosted by Ramco. We pay the standard, one-time license fee, annual maintenance, and management and hosting charges.

Find out what your peers are saying about Ramco, SAP, Workday and others in Benefits Administration. Updated: March 2024.
765,234 professionals have used our research since 2012.
Benefits Administration
What is benefits administration software? Benefits administration refers to the umbrella of establishing, managing and updating benefits for the employees of an organization. Benefits Administration solutions are the responsibility of a Human Resources (HR) Department, itself usually overseen by Operations and closely maintained by IT. Corporations depend on Benefits Administration to oversee payroll, medical and other insurance choices, HIPAA, IRAs, 401ks, extra-curricular benefits,...
Download Benefits Administration ReportRead more