Transition Smoothly From Exploration To Development & Production

Manage Your Mining Industry Projects From Exploration To Operations With Sage (formerly Accpac) Software

Explore how our mining accounting software solution based on Sage software can help you make the leap.

Mining companies must control costs as they progress through the mining life cycle. Whether you are in the Assessment & Approval stage or Development & Production it is essential to utilize technology that will help you deliver on your promises to the board and your investors.

Due the nature of the Mining industry, laying the right foundation for any mine involves an end-to-end solution that is multilingual, multicurrency and supports multi country compliance needs. The solution needs to provide visibility into the supply chain and allow for vendor management so that goods are delivered to the mine or remote sites on time.

Many mid-marketing mining companies start off with entry-level financial software. However, when they start development they realize that they just do not have the level of insight and control they need to manage the development & production process. The need for more functional mining accounting and business management software becomes paramount.

Free Ebook: The Disciplined Approach for Mining Companies to Build Profits

Mining and Sage 300 Ebook

Find out how other mining operations are building profitability with improved decision support, business process optimization and human resource management. Learn how you can:

  • Support fast, confident decision making based on timely, relevant and reliable data
  • Monitor Key Performance Indicators for continuous process improvement
  • Plan and control maintenance of capital assets to minimize downtime and unexpected costs
  • Reduce workarounds and build operational efficiency with process driven ERP
  • Manage valuable human resources with strong payroll and HRMS
  • Apply best practices for a disciplined approach.

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The Caron Mining Industry Solution, powered by Sage:

  • Complete budget and cost control
  • Dynamic, timely reporting from minesites whether they are local or remote
  • Asset history including faults, agreements, warranty claims and audit trails
  • Customizable depreciation models
  • Maintenance schedules
  • The ability to accurately measure equipment usage to ensure reduced downtime for maintenance issues as well as ensuring parts are in stock for repairs
  • Production data for shafts, open pits or tailings
  • Specify units of measure for production data such as meters advanced, tons surveyed or hoisted and treated, carats recovered.

The Caron Mining Solution has components which address every stage of the lifecycle of a mining operation, from exploration to closure.

Exploration

Mining activities begin with the exploration and evaluation of an area of interest. First stage and second stage exploration activities require the accurate recording of costs and often many legal entities are created to properly account for exploration activities in various countries.

Software Requirements

Caron’s mining industry accounting software solutions, utilizing Sage 300 and Sage CRM, provide:

  • Core accounting functionality and project reporting
  • Consolidated, multicurrency reporting
  • Asset accounting
  • Payroll and reporting
  • Investor relations

Assessment & Approval

If valuable mineral potential is indicated in the exploration phase, mining companies begin planning and designing the mine. This includes estimating the potential value of mineral deposits through a drilling program, opening discussions with government agencies and local communities, and raising money to fund development.

 Software Requirements

Caron’s mining solutions, utilizing Sage 300 and Sage CRM, support companies in the Assessment Phase by adding these components:

  • Project accounting and reporting
  • Purchasing and expenditure authorization
  • Asset accounting
  • Remote site processing
  • Human resource management

Development & Construction

If the Assessment activities support development of a mine, construction begins. The complexities associated with construction projects require more from the supporting accounting software solution.

 Software Requirements

Caron’s mining solutions, utilizing Sage 300, Asset Management and Sage CRM, support companies in the Development and Construction Phase by adding these components:

  • Advanced project accounting and reporting
  • Inventory control and shop control
  • Asset maintenance
  • Human resource management

Operations

When a mine moves to the Operations phase, the number of employees may increase and the accounting software system must deliver additional functionality to support the recurring operational demands of the mine.

Software Requirements

Caron’s mining solutions, utilizing Sage 300, Asset Management and Sage CRM, support companies in the Operations Phase.
by adding these components:

  • Production analysis and production-specific accounting
  • Predictive asset maintenance scheduling
  • Ongoing training and on-boarding assistance
  • System maintenance and upgrades

Closure & Rehabilitation

When a mine ceases operations, the responsibility of mining companies shifts to shutdown and decommissioning. This phase includes dismantling of facilities and the safe closure of the mine operations.

Software Requirements

Caron’s mining accounting software solutions support the Closure and Rehabilitation Phase by providing the core applications, Sage 300 and Sage CRM, that were first presented during the Exploration phase:

  • Core accounting functionality and project reporting
  • Consolidated, multicurrency reporting
  • Asset accounting
  • Payroll and reporting
  • Investor relations

Six Brilliant Ways Mining Companies Use Technology To Control Costs

Proactive mining companies optimize operations, control costs and plan for the future with modern, functional ERP solutions.

Take a proactive approach to maintenance

Improve capital asset management to minimize downtime and unexpected costs. Continuous monitoring of equipment with ERP ensures optimum lifetime performance.

Automate labour-intensive financial reporting and analysis

Real-time reports and timely data analysis help mining companies stay ahead of cost overruns and identify opportunities to cut costs.

Improve decision support with dependable information

Consolidated data allows mining companies to proactively respond to market volatility and better manage project costs and resource utilization.

Promote effective recruiting and retention practices

Hire and retain the best mining engineers and equipment operators to maximize productivity and accelerate mine profitability.

Use KPIs to monitor progress and control costs

Key Performance Indicators (KPIs) establish the benchmarks to continuously measure operational activities, so managers can identify problem areas and respond quickly.

Reduce workarounds and improve efficiency

Caron Mining Solutions simplify and automate processes to drive efficient, consistent business processes across the organization.

An end-to-end solution also provides the delivery of meaningful information for decision makers who are on task for ensuring mine profitability. Mining data usually comes from multiple sources such as financial data, geological data, production data, asset management, human resources (payroll, time & attendance). It is crucial that this data is accurate, compiled and delivered on a regular basis to ensure accurate recommendations and decisions are made.

At Caron Business we focus on helping mining companies achieve the next level of performance through deployment of the right-fit financial accounting solutions from Sage. With the Caron Mining Solution you can track all operations and costs including those for shafts, open pits or tailings; managing surveying and monitoring activities and capturing geological site survey information. With the utilization of business intelligence you can create reports with drill down detail into production data for key decision makers.

At Caron Business we focus on helping companies achieve the next level of performance through deployment of the right-fit solutions from Sage.

Contact us today and understand how we can help you deliver on your business promises.

Join Us At These Upcoming Trade Shows

Come see us at Roundup 2018 from January 22-25 at Canada Place in Vancouver, BC! Learn, share ideas and connect with others from every aspect of the industry from prospecting to reclamation and everything in between.

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PDAC Show

Join us at PDAC 2018 from March 4-7 at the Metro Toronto Convention Center in Toronto, ON! PDAC International Convention, Trade Show & Investors Exchange is the world’s leading convention for people, companies and organizations in, or connected with, mineral exploration and finance.

Find out more