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Case Study

eSSENTIAL mETALS LIMITED

Essential Metals Limited is a minerals exploration and development company, holding a multi-commodity tenement portfolio, strategically located largely within 200 km of Kalgoorlie-Boulder, Western Australia.

Solution

How Essatto helped impove the business performance of Essential Metals Limited.

  • Management Reporting
  • Inter-company Consolidations
  • Form 5 Operations Report – Expenditure on mining tenements
  • Budgeting and re-forecasting
  • Dashboards

Industry:

Mining and Exploration

Company Size:

SME

Integrations & Apps Used:

keypay intergration with Essatto EPM   

Details

Challenge

  • Simplify existing functionality, add new features, and reduce processing time for accounting transactions.
  • Reduce the time and effort required to produce management and financial reports.
  • Adapt the Odoo system to maintain cost and revenue reporting per tenement and project.
  • Cater for capitalised and expensed transactions. 

Solution benefits

  • Custom “user access rights” for transaction processing and approvals, in accordance with suggestions from the client’s auditor.
  • Automatic currency conversions on foreign purchases
  • Automated posting of prepaid/deferred revenue and expenses, and asset depreciation.

No. of Employees

<25

YEARS IN BUSINESS

18+

With Essatto, Essential Metals Limited was able to reduce the manual data dumping, mapping and validation in Excel.