Challenges
Mining and Exploration companies have regular Statutory, Financial and Management reporting obligations. In many instances these companies are under resourced, have limited capital and simply can’t afford many of the top shelf solutions available to other industry sectors where capital and resourcing may be more freely available. This leads to system compromise where limited available resources are required to compensate through the use of spreadsheets and additional effort to deliver on these requirements.
I&A Mining and Exploration SOLUTION(IAMES)
I&A offers an affordable solution for Mining and Exploration that delivers transaction processing and data analytics for storing and reporting BOTH Financial and Operational data.
- Reduce bookkeeper time
- Reduce month end reporting turnaround
- Reduce dependency on spreadsheet
- Automated Form 5 reporting - Reduce tenement manager effort and provide monthly spend and minimum commitment info
IAMEs Core Components
ERP
IAMES includes an Enterprise Resource Planning (ERP) which is typically out of reach of the cost conscious miner. Our solution can capture transactions by type, general ledger account, tenement, activity type and activity for Form 5 reporting. Other ERP functions available include integrated timesheet and payroll split by tenement, foreign currency, customisable internal controls and task scheduling.
Data Analytics
IAME’s Data Analytics platform delivers Business Intelligence, Dashboards, Multi-Scenario Budgeting and Forecasting. It has an integrated Excel that facilitates automated Management Reports and direct user input for budgeting and reforecasting and can capture data from multiple sources including operational systems as required.
Features & Capabilities
- Enterprise Resource Planning (ERP)
- Multi-Scenario Budgeting and Forecasting
- Automated Management and Financial Reporting
- Variance Analysis
- Web Dashboard and Reports
- Interactive Excel Read and Writeback
Key Benefits
- Paperless Solution
- Internal Controls
- Audit Trail (no deleting)
- Standard and Custom Apps
- Purchase to Pay Approval Process
- Data Capture Capabilities (products etc)
- Standard Financials Reports
- Multi Company
- Multi Currency
MARKET POSITIONING
- LOWER COST
- ADVANCED FEATURES
- FLEXIBLE
- CUSTOMISABLE
- AFFORDABLE SOLUTION
- SINGLE VENDOR
- END TO END DIGITAL TRANSFORMATION
Product Features
TRANSACTION PROCESSING
- Activity Tracking
- Task Scheduling
- Customer Portal
- Approval Flow
- 4 Dimensions Captures for Invoice
- Multi Level Cost Accounting
- Automated COG's Posting/Inventory/Integration
- Customisation of Fields, Access Rights and Modules
- Preprocess (Integrated Document Management System)
- User Profiles and Security with Customisable Workflows
ANALYSIS
- Financial Reporting
- Management Reporting - Life to Date; Actual and Variance Reporting
- Dashboards
- Form 5 - Controls, Minimum Spend, Report Period Start & End, Anniversary Spend to Date
- Budgets - By Project, Tenement, Spend Category, Company, etc.
