One of the world’s largest mining houses and producers of major commodities faced a number of challenges with its Budgeting, Forecasting and Reporting (BFR) processes. These processes are complex and subject to a number of obstacles such as volatility regarding the price of commodities, cost pressures around labour and electricity, and long planning cycles over the life of the mines.
The mining house decided to standardise BFR in one of its metallurgical sectors, and IBM Cognos Budget and Planning tools from IBM Premier Partner Cortell Corporate Performance Management (Cortell) provided the solution.
“The mining house followed a very stringent selection process, entering into discussions with vendors followed by a competitive bidding process. The IBM Cognos Budget and Planning solution was on their shortlist from the start, and came out on top for its ability to conduct the necessary ‘what if’ planning scenarios that are critical in the volatile mining environment.
Read more: http://it-online.co.za/2014/01/13/mining-house-rolls-out-ibm-cognos-solution/