Patni Computer Systems, a leading global IT services provider has 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.
The company made this announcement during the trading hours today, 23 September 2008.
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