Patni Computer completes successful ERP implementation at Bombay Stock Exchange

Patni Computer Systems Ltd on March 12, 2007 has announced the successful implementation of Core HRMS was completed in a short span of 8 months. With this implementation, the Bombay Stock Exchange (BSE) has a single integrated system that provides it a comprehensive real-time view of the organization.

As part of the implementation process, the Company undertook a detailed exercise to understand the existing legacy system at BSE and devised a two-phase change management roadmap to migrate BSE’s financial accounting and HR accounting to the ERP system. The Company's project management skills, technical proficiency in deploying Oracle Solutions and Its understanding of the financial services industry proved to be the critical success factors in the completion of this challenging project.

BSE has already started experiencing significant benefits through the ERP implementation with the automation of its HR and accounting processes. With the ERP system, BSE is able to get a detailed transaction wise data, soft close its accounts on a monthly basis and generate monthly MIS reports, the Company has also developed a web-based application, which assists in tracking issues raised by users.

Mr. Milind S Padalkar, Senior VP and Head, Enterprise Application Services, of the Company said, "Patni is honored to partner with BSE to assist in deploying this complex integration within the limited timeframe. Our team's strong domain knowledge has enabled us to work closely with BSE and provide them the right kind of solutions to streamline their internal and external processes."

Source : Equity Bulls

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