Company Overview
DevEx Resources (ASX:DEV) is an exploration company with a diversified portfolio of high-quality projects in Australia, including the highly prospective Julimar district in WA, the Nabarlek Project in the NT targeting uranium-copper-gold systems, and exploration for rare earth elements in North QLD.
Odoo ERP
- v.14 Accounting
- v.14 Payroll
Essatto EPM
- Tenement expenditure anniversary reporting
- Tenement expenditure variance to annual commitment reporting
- Exploration and corporate expense reporting
- Project spend reporting
- Financial reporting
- Project budgets, forecasts and variance reporting
Employment Hero- Support with setup and ATO compliance
- Labour Costing by Tenement/Project.
Challenges and Business Objectives
Challenges:
- Manual processing of monthly transactions in previous accounting system.
- Manual posting of intercompany journals in both entities.
- Manual entry of timesheet tenement allocations.
- Lack of automation for timesheets and payroll to the accounting system.
Business Objectives:
- Automate transaction processing to reduce manual effort and errors.
- Streamline intercompany journal posting for efficiency.
- Automate timesheet tenement allocations for accuracy and time savings.
- Implement automation for timesheets and payroll integration with the accounting system.
Benefits
- Enhanced compliance reporting with expanded transactional parameters, including Project, Tenement, Activity, Cost Code, Mineral Type, Tenement State, and Budget Program.
- Improved cost and revenue tracking for better financial management.
- Automated generation of inter-company journals for transactions relating to subsidiaries, reducing manual effort.
- Streamlined timesheet tenement tracking with online/app links to payroll and creation of recharge journals for Odoo upload.
- Customised expense authorization dashboards with role-based authority and approval limits.
- Quick transaction import from Excel using a customized file upload feature.
- Incorporation of Essatto Application for automated Consolidation, Monthly Board Reporting, and Tenement Reporting, enhancing reporting efficiency.
Form 5:
Other benefits:
- Month end and quarterly management and regulatory reports are now largely automated by Entity and State/Territory.
- Specific automated reporting includes data for ABS Mineral Exploration and Evaluation Survey, tenement expenditure anniversary reporting, exploration and corporate expense reporting, project spend reporting, and financial reporting.
- Automated reporting also covers project budgets, forecasts, and variance reporting.
The BoxMan
BoxMan, a leading supplier of custom and stock corrugated boxes in Kewdale, WA, implemented Odoo ERP, boosting efficiency and performance.
DevEx Resources
DevEx Resources (ASX:DEV) is an exploration company with a diversified portfolio of high-quality projects in Australia, including the highly prospective Julimar district in WA, the Nabarlek Project in the NT targeting uranium-copper-gold systems, and exploration for major porphyry copper-gold deposits in the Lachlan Fold Belt Region of NSW.
Vantage Wealth Management
I&A's solutions transformed Vantage Wealth Management, delivering significant time and resource savings, including a streamlined monthly turnaround from 15-25 days to 2–4 days and achieving over $100k in annual cost savings.
Government – BI, Budgeting & Forecasting
The client manages 17% (almost 4 million hectares) of Victoria’s state on behalf of the public and employs over 1000 people.