Patni has gained extensive experience from implementing, upgrading, and supporting the Oracle E-Business Suite, PeopleSoft, and J. D. Edwards applications for a diverse clientele. This has helped us to leverage our expertise on business processes of our focus industries to build specific solutions, for needs not addressed by generic applications. Patni’s FEMF^TM and PROMPT^TM are two such solutions.

FEMF^TM - Financial Exchange Management Framework

Stock, Commodity and Mercantile Exchanges face challenges like changing regulatory requirements, the need to support a diverse portfolio of financial instruments, shortened settlement cycles, need to ensure internal controls, transparency of transactions and timely statutory reporting.

Patni’s FEMF^TM is a comprehensive management framework that leverages our experience of working with leading stock exchanges. It helps in addressing some of the key challenges by architecting business processes and developing a roadmap for managing the back-office financials on the Oracle E-Business Suite. FEMF implementation results in automated and streamlined back-office operations.

The following are key processes which Patni’s FEMF^TM covers comprehensively:

• Order-to-Cash and Credit Management
• Procure-to-Pay Management
• Financial Record to Reporting and Consolidation.

PROMPT^TM - Procurement Management, Process and Technology
The hospitality industry needs to efficiently manage its day-to-day procurement in order to meet the demands of its customers and also manage its inventory effectively, so that it lowers costs and boosts profitability. Patni has leveraged its deep domain expertise in the hospitality industry to create a unique Procurement Solution - Patni PROMPT^TM, to address this long-standing need of the hotel industry, especially in its Food & Beverages operations.

Patni’s PROMPT^TM streamlines procurement, inventory management, event management, forecasting, history data maintenance, planning, ingredient management, recipe management, order-serving requirements, and thus optimizes the procurement function, especially that of Food & Beverages. It generates a range of reports to give complete insight into the Food & Beverages operations.

Patni’s PROMPT^TM is built on the basic foundation of the Oracle E-Business suite and interfaces with the Oracle Inventory and Oracle Purchasing modules. It is scalable to suit the needs of both local and global chains and offered as an application or service.