CN-Planning Analytics for Mining Industry
Automating Corporate Finance for Mining Companies
Starting new projects requires a thorough cost analysis: spending free money on projects that do not yield the expected returns may result in negative financial results and lower operating efficiency of the company. Investments made without a serious analytical framework can also have a negative impact on investor relations. Potential investors are guided by analytics and calculations, so poor management of a company's finances can negatively impact investment inflows and a company's share price. To maintain a stable position in the market, mining companies need a systematic approach to corporate financial management. It can be achieved by implementing an IT solution that meets not only global industry standards, but also takes into account specific features of production.
CN-Planning Analytics for Mining Industry is a specialized solution for mining companies Odyssey Consulting Group in partnership with Nordgold has developed a solution based on IBM Planning Analytics to automate the corporate finance system for mining companies. CN-Planning Analytics for Mining Industry is a flexible solution for effective planning based on alternative scenarios, data analysis and process control which includes the following building blocks specially tuned for the mining sector:
Preconfigured budgeting model.
Reconfigured management reporting model.
Structure of industry-specific KPIs.
Model for calculating costs based on industry standards (AISC/TCC/AIC).
Preconfigured Benchmarking block (integration with Mitraq).
Built-in SDR dashboards (Sustainable Development Report).
The new solution takes into account the specifics of business processes in the mining company for both production and functional divisions, which enables data collection, calculation of KPIs, financial indicators, scenario and factor analysis of the financial model of the company.
Benefits of CN-Planning Analytics for Mining Industry
Prepared industry best practices for financial planning and management reporting.
Effective tool to ensure full transparency and manageability of your company's finances.
Significant reduction in labor costs and time required for management reporting.
Ability to analyze the company's performance on Benchmarking.
Preconfigured dashboards for operational management decision-making.
Impressive work speed thanks to OLAP technology and processing large data arrays in in-memory mode.
Functional and efficient IBM Planning Analytics platform of international level.
Minimal time for implementation of the solution.
Minimum amount of additional work for implementation.
Integration with all common IT-systems of the enterprise.
