MARKETS

Yancoal hopes to improve forecasting with X4E

YANCOAL is in the process of implementing RungePincockMinarco's XERAS for Enterprise (X4E) financ...

Lou Caruana

The X4E integrates SAP’s financial and maintenance management modules with the financial modelling capabilities of RPM’s XERAS. This results in unprecedented levels of financial visibility and cost-ontrol, from individual mine sites through to corporate management reporting systems.

Head of commercial operations at Moolarben mine Reece Margetts said: “Yancoal prides itself on being one of the world’s most innovative coal companies.

“We see enormous business benefits in using technology such as XERAS for Enterprise to enable us to setup a best of breed integrated forecasting system that ensures complete financial visibility from our boardroom right across all of our operations.

“The solution provides us with a level of control and trust in the planning process that we have never had before, giving us the confidence to make the right operational decisions.”

In Indonesia RPM has started working with the BUMA group, one of Indonesia’s largest mining service contractors, to implement X4E.

BUMA was looking for the visibility, control and predictability of capital and operating expenditures that a product like X4E can provide.

BUMA is a new client to RPM and is using X4E to consolidate multiple financial models, to immediately explain the difference between actual and planned financial results and to flow through the financial implications of changes in the mining environment to their forecasts.

RPM CEO Richard Mathews said: “Having spoken with many of our customers particularly those with SAP systems already installed, I am convinced that being able to move data seamlessly between corporate systems and operational systems will become a ‘must have’ going forward.

“Miners with the ability to do this will have a competitive advantage over those that cannot. It’s very exciting to see the take up of this product in such a short timeframe. It validates the investments we are making in our enterprise products.”

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