Deloitte has created a pre-configured Mining Accelerator, developed within Workday Adaptive Planning, that tackles the distinct planning, budgeting and forecasting (PBF) challenges faced by mining companies. The solution helps make it possible for mining leaders to gain the insights needed to improve performance, produce internal and external reports in minutes, and plan their entire business—all within Workday Adaptive Planning.

Key Features

The solution can be delivered as a complete managed service offering or used as an accelerator for deploying Workday Adaptive Planning within a mining organization. Through its mining-specific features and functionality, the accelerator can help enable finance leaders to:

• Perform budgeting and forecasting over various time horizons, such as monthly, quarterly, and annually
• Produce 18-month rolling forecasts and life-of-mine plans
• Access a single source of truth by storing and standardizing both financial and non-financial data from multiple source systems
• Implement driver-based planning based on the latest production plan, which flows directly into Workday Adaptive Planning
• Understand the drivers and components behind the numbers
• Compare actuals versus budget across periods and instantly visualize variances
• Use activity-based costing across mining, processing and smelting operations
• Create reports and dashboards for data analysis
• Analyze performance, comparing forecasts against actuals across a variety of financial and non-financial metrics
• Determine the impacts to cash flow and net present value over the life of a mine when conditions change
• Quickly analyze the effect on the bottom line when commodity prices and other key drivers fluctuate

Key Benefits

Through pre-configured examples and embedded leading practices, Deloitte's Mining Accelerator for planning, budgeting & forecasting helps to enable integrated planning throughout the entire organization. With broad capabilities and an intuitive interface, it allows users to run what-if scenarios and perform driver-based planning across revenue, mine and processing plant, CAPEX, service and maintenance, bills of materials, income statement, balance sheet, cash flow, workforce, and compensation. And, because every mining operation is different, the accelerator has been built to accommodate multiple mining methods, including open pit, deep cave, underground and incline operations.

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