BUSINESS REPORTING
Operating Cost Reporting
CASE
STUDY
how does your
organisation manage
operating cost
All organisations
the
CLIENT
Morobe Mining JV is a 50-50 joint venture between
Harmony Gold Mining Corporation and Newcrest Mining
Limited. MMJV was established for the purpose of exploring,
the
CHALLENGE
Morobe Mining Joint Venture had a requirement to
ensure that people on site were managing their costs
effectively. The process they had in place, utilised Excel
and relied on the Finance team to collate, manipulate and
distribute Cost spreadsheets on a monthly basis. This
need to manage
developing and operating mines in the Morobe Province of
operating
Papua New Guinea. Hidden Valley is the first operation
costs. Most struggle
developed into a mine. The mine is an open pit silver and
to provide those in
gold mine.
the business with
the
SOLUTION
costs in the format that was presented.

Deliver a solution that would allow the analysis of
their operational costs using the business structures
currently in place
BusinessAnalyser™ was the solution introduced into

All GM’s, Managers, Superintendents, Accountants
and Business Analyst to have an up to date view of
the operational costs for the mine and their area of
the business

To be effective, the delivery had to be intuitive to use

Provide updated information throughout the month

Greatly reduce the delivery time and effort to
distribute cost information
tools to enable cost
management
“BusinessAnalyser
provides us the
capability to review
our costs in a variety
of ways, from high
level through
transactional drill
down.
solution targeted towards organisations that need to
understand and manage their operating costs.
Operating Costs can be viewed from a high level and
intuitively driven down through a variety of structures to
reforecast, view variances and interrogate costs down to
transaction level detail.
BusinessAnalyser™ allows people to actively analyse and
manage their expenditure in a system that requires little
simple to use tool
from a single, consistent and reliable source.
that provides
the
BENEFITS
that which is typically
available. You have
The benefits of BusinessAnalyser™ include:
no idea the

heartache of trying
Ability to interrogate costs across any structure and period
of time

Allows focus on cost interpretation rather than data
collation






Highlights issues for corrective actions



No upfront Capital Costs
to pull excel reports
together”
Mark Somlyay –
Commercial
Manager Morobe
Mining Joint
Venture
The key requirements of the project were:
lower levels. Users can compare operating costs to plan and
training, in a system that provides up to date information
and flexibility beyond
(finalised one week after month-end), the frequency
BusinessAnalyser™ is a user-friendly business focused
It is a powerful yet
reporting capability
financial team to produce the reports, the timeliness
(produced once per month), and the inability to analyse
MMJV.
what our client thought
process was ineffective because of the effort spent by the
Readily adapted to changing business circumstances
Managed and administered by non IT people
the
OUTCOME

BusinessAnalyser™ was installed and configure ahead
of schedule

BusinessAnalyser™ is updated automatically, saving
MMJV considerable time and cost

Through BusinessAnalyser™, people now have an up
to date picture of their operating cost (updated daily)

GM, Managers and Supers were trained by the MMJV
Finance team to use BusinessAnalyser™. This process
took little time due to the intuitive nature of
BusinessAnalyser™ and now 20 people use the system
on a regular basis.

BusinessAnalyser™ highlighted issues with the account
structure, the budgeting process, and how costs are
recorded

The analytical capability of BusinessAnalyser™ now
allows MMJV to analyse costs in a variety of ways and
is heavily used by the Commercial department

Changes to the business structure are now quickly
reflected in BusinessAnalyser™
Identifies data issues in source systems
Adds value to the planning process
Low Total Cost of Ownership – it is a fully developed
solution
Web based solution allowing remote access
Low infrastructure requirements
Far Data Solutions | PO Box 4016, Wembley, 6913, Western Australia | [email protected] | +61 (8) 9441 0600