|
MINEMAN Finance is a sophisticated commerical package designed specifically for the mining and smelting industry. It is proven and robust and ready-to-run. Over the past 10 years MINEMAN Systems has sharpened and refined the business templates in this unique system to form a "precision fit" for a wide range of large and complex metals operations.
A mine that sells concentrates will have dozens of unfinalised sales open at any time. This is because the sales pipeline is several months long. And during that time the physical and financial information about each sale is changing. Each sale will be at a different stage of maturation and different levels of certainty. And each sale has attached to it a complex marketing contract and set of unique physical, commercial and legal requirements. This creates challenges in tracking Accounts Receivable and cashflow projections. Add to this the requirements of Sarbanes Oxley and similar legislation for UK and European companies and the task is even more challenging.
MINEMAN Finance streamlines and simplifies month end financials and Accounts Receivables. Books can be closed on the first working day of the month. And at any time results are at hand for Mark-to-Market assessments, hedging schedules, budget analyses, short term cash management and long term cashflow projections.
MINEMAN Finance shares the same contract framework and database from MINEMAN Marketing to create sales invoices. This means that all the complexity of the marketing contracts and all the data about the status of a sales parcel are available to MINEMAN Finance. Whether the revaluation is for A/R or cash management or long term cashflow projections, the same level of detail, speed and accuracy is ensured.
When operating MINEMAN Finance, all that needs to be done is to ensure that forward metal pricing and marketing information is up to date. Then the rest is push-button and automatic.
Some features include:
- Streamlined valuation processes, with fast month-end close
- Period-to-period dissections into price and volume variance, by counterparty and QP month
- Aging schedules, QP schedules, physicals & financials variance
- Journal and ledger reports; postings to external systems such as Hyperion and SAP
- Royalty calculations and reports, customised for regional circumstances as required. No matter where you are located, in India, China, Japan, SE Asia, Indonesia and PNG or South America, MINEMAN Finance will handle your specific regional rules. Dual currencies are no problem
- Cash flow reports, metal price reports, quality control reports and pre-month-end trial runs
- Built-in controls for auditing and for Sarbanes-Oxley compliance.
 |
"MINEMAN allowed us to close our books five days faster!"
|
|
Rapidly close month-end financials
