20 Jul 2019 | 1:11 AM


Forwardis signs major ERP Transformation program with Ramco Systems
Published on 06-24-2019
Forwardis a SNCF Logistics subsidiary and one of Europe`s leading rail and multimodal freight transport providers on Monday said that the company is signing a major ERP Transformation program with next-gen enterprise cloud software specialist Ramco Systems for implementation of Ramco’s Logistics Suite across all the entities of Forwardis Group.

"This win marks Ramco’s entry into the European Logistics industry. In line with Forwardis’ vision to become the gateway offering the best sustainable and green logistics the company has embarked on IT modernization program with Ramco" the company said in a filing to Bombay Stock Exchange.

"Rail Freight Forwarding is a challenging business which involves planning and managing operations spread across multiple stakeholders while delivering profitable operations. Ramco’s comprehensive Logistics Suite will replace the existing in house applications to offer a truly modern and future-ready enterprise application that connects customers suppliers and users on a unified platform. Ramco will implement its Transportation Management Hub Management Fleet & Asset Management as well as Rating and Billingalong with ERP modules including Financials Procurement & Inventory.In addition the Visibility module will help bring much needed transparency and operational visibility across customers suppliers and other stakeholders all on a unified platform" the company added.

“We imagine bringing to our clients the most value out of the multiple possibilities offered by the rail freight world and beyond. With this vision in mind we were seeking the IT tools which would support this vision. We began by drawing a list of 110 potential providers and selected RAMCO at the end as we were convinced their solution best fits our current and future needs. It will support our highly qualified people to design quickly the best solution available on the market according to the requirements of our customers who will also get a real benefit during operation. By connecting to Forwardis gatewayour customers will be connected to the rail freight world and get all the relevant information they need regarding their shipment or their wagons whatever transport mode they will use whatever Railway Undertaking or Shipper will transport their goods and whatever the owner of the wagon or the container” said Philippe Golder Managing Director of Forwardis Germanyin Charge of IT Transformation for the Group.

Virender Aggarwal CEO Ramco Systemsstated“From the start of our discussion we could understand that Forwardis had a clear vision of what they wanted to achieve -to bring rail freight forwarding on the technological edge.We presented our domain capability with next-gen innovative levers such as Bots AI/ML Mobility and Optimization to help bring their vision into reality. We are excited to start our Logistics journey in Europe with a prestigious win in Forwardis which is part of the SNCF France`s national state-owned railway company.”

After successfully winning the trust of road and air freight transport providers Ramco enters the rail freight forwarder segment with this win. Infused with Artificial Intelligence and an Optimization Engine Ramco’s integrated Logistics solution will enable Forwardis reduce its Total Cost of Operation significantly. Forwardis is expected to Go-Live on the new system by the first semester of 2020.

The shares of the company traded at Rs. 210.55 apiece high at 0.80 points or 0.38 per cent on the BSE.