Mumbai-based Patni Computer Systems says it has completed implementation of an enterprise resource planning (ERP) system supplied by Oracle at the Bombay Stock Exchange (BSE) which will be used to automate accounting and human resource management processes.
The implementation, which was completed in eight months, includes Oracle's Financials Suite and Core human resources management system (HRMS). Patni says the technology provides the exchange with a single integrated system that delivers a comprehensive real-time view of its organisation.
The vendor has migrated the exchange's financial and HR accounting processes to the ERP platform, enabling the exchange to soft close its accounts on a monthly basis and generate monthly management information system (MIS) reports. The Indian vendor has also developed a Web-based application that is used to track any issues raised.
Commenting on the implementation, Rajnikant Patel, MD and CEO, Bombay Stock Exchange, says: "These solutions will enable us to provide our customers with value-added services and thereby help us build a differentiator in the current competitive scenario.
"The implementation also provides us with an integrated management reporting tool to get an up-to-date picture of the exchange at all times."