SAN FRANCISCO, September 23, 2008 : Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI), a leading global IT services provider, today announced the release of Patni Financial Exchange Management, a business process framework that streamlines the operations of stock, commodity and mercantile exchanges.
The new offering, based on Oracle E-Business Suite technology, leverages experience Patni has gained from years of doing projects for major exchanges. It features a business process framework for exchanges’ back-office operations along with consistent templates and reports that drive the overall efficiency of operations.
Patni's approach incorporates the company's knowledge of the fee structures exchanges charge, the regulatory environment they operate in and the audits they are subjected to. The result is a framework of business best practices that addresses their unique business challenges.
Back-office efficiency is critical to operation of these major exchanges. Patni Financial Exchange Management drives these efficiencies, providing solutions that address core financials, fixed assets, and key processes including order to cash, procure to pay, and record to report.
“Stock, commodity and mercantile exchanges operators face difficult, expensive challenges upgrading their systems to meet reporting requirements and stay competitive with other investments,” said Uday Tembulkar, Head of the Oracle ERP Practice unit at Patni. “Using Patni Financial Exchange Management, these exchange operators can shorten their financial reporting time and cut costs quickly, easily, efficiently and without the risks associated with traditional enterprise upgrades.”
Patni Financial Exchange Management is one of two new offerings based on Oracle technology Patni is unveiling this week at Oracle OpenWorld in San Francisco. The other offering is a fully developed pre-packaged business process application to help telecommunications providers provision new services.
About Patni
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni caters to its clients through its industry-focused practices, including insurance, financial services, manufacturing, life sciences, telecommunications and media & entertainment, and its technology-focused practices.
With an employee strength of over 15,000; multiple global delivery centers spread across 11 cities worldwide; 22 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US $663 million for the year 2007.
Patni’s service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.
Committed to quality, Patni adds value to its client's businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 (V 1.2) organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.
For more information on Patni, visit www.patni.com
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