SMARTER BUDGETING
Enable’s Budget and Analytics Platform moves the budgeting process from the back room into the front line through a transparent easy to use application that connects managers to their business. Managers that understand the assumptions and deliverables in their plans and budgets deliver far better outcomes and avoid short term expedient actions that often compromise the overall value of the operation.
BUDGET & ANALYTICS PLATFORM
Enable’s Budget and Analytics Platform moves the budgeting process from the back room into the front line through a transparent easy to use application that connects managers to their business. Managers that understand the assumptions and deliverables in their plans and budgets deliver far better outcomes and avoid short term expedient actions that often compromise the overall value of the operation.
The development of a budget for an operating mine site is a relatively complex task as it often involves a large number of inputs (1000’s), numerous people, across disciplines and multiple systems (authorized and unauthorized).
It is a key task which is generally not afforded the appropriate priority and project management despite the fact it will set the basis on which the teams / mines performance will be assessed. Too often this task is left to those with expertise in modelling and consolidating numbers rather than those with deep knowledge of the drivers, risks and deliverables of the business.
The result is often a budget that is not reliable, unstable, not understood, and managers not feeling accountable for the outcomes.
BAP provides a solution through:
- Controlled development through built in project management tools and standard processes
- Alignment to the business by hardwired linkages of mining processes, all inputs and assumptions to the organisation structure and chart of accounts
- Ease of understanding through clear, simple visualisation tools including driver trees for cost development, what if analysis and reconciliation tools
- Defining accountability with transparency of assumptions and linkages signed off by the business and ownership of the budget building blocks and source data.