Strike gold with your financial and operational management
Every input counts in a mining company. The interplay between prices, demand, supply chains, currency fluctuations, wages and more creates significantly complexity that, in turn, demands a powerful software solution. The right software solution can handle this complexity and deliver the insights that are needed to make the right decisions, especially in times of volatility.
IBM Planning Analytics / TM1 offers a best-in-class solution for the mining sector, delivering multi-faceted functionality and exceptional performance across all levels of operation.
Common challenges
Visualising dynamic changes
Visualize key data in real time so you can make better decisions.
Making sense of your data
With so many data inputs coming from all parts of the mining value chain, it can be challenging to identify the key insights that drive performance. Without accurate analysis, the data can’t be utilized to its full potential.
Decisions are made in isolation
A lack of data unification and visualisation means that decisions are made in isolation, without taking into account the wider context. This means decisions are made in isolation and on the basis of a ‘gut feeling’ rather than being reliably informed.
Sophisticated visualisation
Cubewise has highly sophisticated visualisation functionality that allows mining companies to process all their key data and present it in a way that cuts through the noise. By identifying the insights that matter, managers can make decisions based on holistic evidence and backed by objective factors.
Scenario modelling
Plan for changes in key inputs so you can be prepared for whatever comes.
Planning for volatility
Mining is a notoriously volatile industry because it relies so heavily on dynamic inputs like commodity prices, foreign exchange fluctuations and more. The variability of these inputs makes planning difficult and can cause significant swings in performance if your businesses isn’t prepared.
Macro changes present a risk
Without the right planning and modelling in place a macro-economic factor out of your control can cause havoc within your business’s profitability and sustainability. Your destiny is truly out of your hands and at the whim of the marketplace.
Dynamic scenario modelling
Cubewise enables highly precise and intricate scenario modelling to be run so you can evaluate where your business is most vulnerable to volatility risk. With this information at your disposal, you can minimize the impact of unforeseen risk and plan for what lies ahead.
Unifying operational and financial models
Align your operational and financial strategy for holistic, long-term success.
Strategic misalignment
There is always natural friction between on-the-ground mining operations and the management of the company for the benefit of customers, investors and other stakeholders. A strategic misalignment can slow down progress and halt business expansion.
Suboptimal incentive structure
When your operational decision-makers and financial decision-makers are not working from the same source of truth, you end up with incentives that work against each other. This can create unnecessary conflict and result in under-utilization of resources.
Aligning operational and financial modelling
Cubewise provides a truly holistic platform for both operational and financial planning and performance management. By pulling everything into one place, you can align your strategic objectives across the organization and ensure everyone is pulling in the same direction.
Unlock the next level of your mining journey
Create a home for all your mining needs, including input drivers, scenario modelling, cash flow implications and more. Wrap this up in an interface that offers industry-leading visualisation and you’ve really struck gold.
Talk to us today and let’s overcome the challenge together.
When a system is unable to adapt to changing business circumstances, it can be tremendously frustrating for all who work with it. Things must go on, of course, and so users will resort to building tedious workarounds, simplifications and shortcuts that only serve to kick the can down the road.
Don’t accept that your business processes are incapable of adapting to fast-moving market changes. Contact us to find out how easy it can be to implement efficient and practical planning, reporting and forecasting workflows.
