Portugal’s mining strategy may favour copper over lithium
Portugal already has the largest copper mine in the European Union, operated by Lundin Mining.
BRISBANE, AUSTRALIA (March 6 2014) – RungePincockMinarco (RPM) has today announced the latest release of their XERAS for Enterprise product, delivering a true rapid deployment solution for SAP Business Planning & Consolidation solution (BPC).
This integration extends the capabilities of BPC, accelerates implementation and extends the visibility, governance and control that BPC delivers across an organisation’s operations.
Mr. Craig Halliday, RPM’s Director of Software said, “XERAS for Enterprise seamlessly integrates into the native BPC interface and reporting tools, creating a single solution across the organisation and more importantly, a single source of the truth for budgeting and reforecasting.”
“Previously, organisations have had to engage in lengthy customisation projects to build in the specific mining logic and processes required for a budgeting and reforesting solution. Not only were these projects costly, they relied heavily on uncontrolled spreadsheets as the calculation source.”
“XERAS for Enterprise delivers all the required logic and model structures straight out of the box, meaning the need for long customisation projects is removed and organisation can start realising even more value from their BPC solution sooner.”
Launched in May 2013 with the support SAP, XERAS for Enterprise seamlessly integrates SAP’s Financial and Maintenance Management modules with the financial modelling capabilities of RPM’s XERAS. This integration allows for unprecedented levels of financial visibility and cost control, from individual mine sites through to corporate management reporting systems.
Before XERAS for Enterprise was introduced to the market, RPM says that the use of spreadsheets often led to inconsistent logic and assumptions being used across an organisation which resulted in a high level of data manipulation being required to be able to use this information at a corporate level.
“XERAS for Enterprise, integrating with SAP, now means that mining companies can have complete control over operational and corporate financial planning, budgeting, forecasting and cost management.”
“The ability to explain the difference between actual and planned financial results and to predict the financial implications of changes in the mining environment is of critical importance to our customers.”
“Our partnership with SAP continues to grow through the phases of development as we create such complementary products that together will have an incredible impact on the industry.”
The complete solution of XERAS for Enterprise and SAP BPC is available from today, and live demonstrations can be organised through any RPM office.
