Finance Consultancy Services admin January 11, 2022
Finance Consultancy Services

Customer :

A Mining Company in the African continent.

Business Requirement :

Assistance to the Finance Function of the Entity.

Performance of operational activities enabling the smooth delivery of MIS Reports and other management related responsibilities.

Strengthening internal control system, audits, procedure.

Financial modelling of data and comparing with actuals to ascertain the gaps and analyze them.

Working towards automation of inventory valuation and other SAP modules and support related thereto.

Implementation and maintenance of robust forecast financial model.

Part of the Mine Closure activity and assessing the financial impacts.

Identified Process Challenges :

Continuous employee attritions as the mine is under closure stage.

Ensuring there is adequate KT from the respective process owners across the finance function.

Frequent audits and other local compliances to ensure that the entity is functioning despite hindrances.

Enabling the Mine Closure process and ensuring necessary local compliances are adhered to during such process.

Approach and Solution Design :

Deployed adequate resources on site to identify the current business challenges and prepare a road map for future course of action.

Ensure there is interactions with the respective process owners in order to enable the KT process.

Understanding the existing processes, design & control frameworks and suggesting process improvement aspects.

Understanding and strengthening the existing internal control system, audits, procedure.

Business Benefit and Result :

Availability of a dedicated team on performance of the day to day operational and compliance aspects.

Ensuring the management reporting and monthly internal reporting are adhered within the defined timelines.

Ensuring there is adequate KT from previous employees and enabling a smooth transition.