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Goldcorp’s SAP JourneyTransforming our Financial ReportingOlivier Van Der Elst, Senior SAP FICO Consultant (SAP Project Manager), Goldcorp
Nathalie Rierson, Senior Territory Manager (Canada), Excel4apps
Carlos Chalico, Director Eastern Region, Ouest Business Solutions
Agenda
Introductions Goldcorp Overview The SAP Financials Project at
Goldcorp Generating value Mine-wide business process
integration Key Attributes Benefits from the implementation The Cost Attribute Results Challenges The Solution
What’s Next Q&A
Overview
Founded in 1954 Engaged in the exploration,
development, and operation, of gold and otherprecious metal properties
HQ in Vancouver Mine operations in Canada, USA,
Mexico and Central and South America
World’s second largest gold producer
Employs more than 19,000 people worldwide
70% growth planned for next 4 years
2006 – 2008 – To date
Key Challenges
Integrate two mining operations Enable real time consolidation of
cost and profit financial information
Gain mine-wide view of equipment, costs and maintenance
Align activities with maintenance, repair and operations needs
Integrate production planning with otherbusiness processes
Generating value with SAP
Continued to perform improvements, extended implementation, added more sites/companies as Goldcorp grows
Now all Canadian legal entities on one SAP instance
Why SAP Mine-wide business process
integration Support for core mining processes Feedback from users at acquired
mine Competitive cost of ownership
validated by other mid-market customers
Strong compliance functionality and support for multiple currencies
Ability to integrate with other systems at mines and corporate offices
User ExperiencePersonas
Simplify data entry & workflow
Create a seamless & intuitive user experience
Shorten the time to train users on SAP
Grow People
HRSuccessFactors
Provide next generation learning tools and content
Better Track workflow metrics and performance
Simplify HR operations and have one version of HR Data
Grow People/Grow Margins
AnalyticsHANA/ BI
Need real time visibility into our business – not week old reports
Take quick decisions by rapidly analyzing asset info, operational metrics, financial data
Grow Production/Grow Margins
MobilitySyclo Mobile Platform Bring content/
workflow to where our employees are (not the other way)
Focus on user experience/ content and not on technology
Grow Safety/Grow People
Generating value with SAP
SAP Financials Project at Goldcorp
Committed to responsible mining practices and positioned to deliver sustained, industry-leading growth and performance, Goldcorp is focused on the following key attributes to achieve its goals:
Quality growth Low cash costs Cost management Maintaining a peer-leading balance sheet Operating in regions with low political risk Conducting business in a responsible manner.
SAP Financials Project at Goldcorp
Financial and Strategic Benefits from the
SAP implementation:
Mine-wide business process integration
Accelerated integration of mining operations
Integrated production and back-office processes
Gained real-time visibility of costs and production processes
Reduced headcount in financials
Improved tracking of assets, costs, and
preventive maintenance programs Enhanced management of
supplier spend Coordinated production efforts with
supporting business operations
SAP Financials Project at Goldcorp
Quality Growth
GOALS
Maintaining a Peer-Leading Balance Sheet
http://goldprice.org/gold-price-history.html
COST
SAP Financials Project at Goldcorp
Challenges
Changing requirements and standards for financial reports Core users need to turn around reports quickly and
preferably without having to log a ticket for support or help
System performance with some reports Standard SAP reports not enough; some of them stop
just shy ofproviding everything needed
Relying on IT and turnaround times is not sustainable For some key decision data, must combine 2-3 reports
which slows down month end process
SAP Financials Project at Goldcorp
Facing the challenges
A solution was needed Knew about Excel4Apps and GL Wand from ASUG British
Columbia Chapter Meetings in 2013 Users were/are very familiar with MS Excel Meanwhile:
We were developing several reports in BW Relying heavily on our IT department Change requests took several days or even weeks We discussed the need for an ad-hoc reporting tool with our
finance leadershipcommunity as well as with Ouest
Implementing the solution:
It was anticipated that GL Wand would eliminate the time required to wait for our (IT) group to build FI/CO Reports
We finally decided to get the tool Implementing GL Wand Excel ad-in took less then a day Designing the required MS Excel reports and training took
about a month Defined specific Reports:
Cost Reports per mine cell per Mining Method for Red Lake (multiple dimensions – more than 40 sub reports)
Month-end Cost Analysis Review reports
SAP Financials Project at Goldcorp
Cost Analysis per Mine Cell:
SAP Financials Project at Goldcorp
http://www.teara.govt.nz/en/diagram/30412/how-a-gold-mine-worked
Mine Cells
Mine
Cost Analysis per Mine Cell:
SAP Financials Project at Goldcorp
Month-End Cost Review:
SAP Financials Project at Goldcorp
Live Demonstration of a Cost Center ad-hoc Report
SAP Financials Project at Goldcorp
What’s Next
Our reports generation process is refreshed with live SAP datainstantly or with minor delays
BPC for Consolidation We are in the process of designing the Top Ten
Cost Report We will expand the benefits of this reporting model,
now ourmine with the most complex operation is the one using GLWand
Add users to Red Lake Include the usage of RDM (Report Distribution Manager) We will add users to Red Lake Expansion to other sites and countries
Thank you. Questions?
Goldcorp’s SAPJourney
Transforming our Financial ReportingOlivier Van Der Elst, Senior SAP FICO Consultant (SAP Project Manager), Goldcorp
Nathalie Rierson, Senior Territory Manager (Canada), Excel4apps [email protected]
Carlos Chalico, Director Eastern Region, Ouest Business Solutions Inc. [email protected]
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