Production Accounting Features and Benefits
Production Accounting provides a complete production accounting solution designed for mining, mineral processing, smelting, and refining operations.
Key Features
Production Accounting addresses key production accounting challenges by providing the ability to take on production data from various sources. The solution provides:
- System workflow to manage authorisation and publishing
- Validation routines for identifying data with low integrity
- Quarantine and review/reject functionality
- Web logsheets for manual data entry
- Multiple processing routines, including check-in/check-out, cascading calculations and statistical data adjustment
- Data audit trails
Key Benefits
Production Accounting provides the flexibility to cater to diverse site and business requirements, while enabling a corporation to use a single solution across its operations. Production Accounting:
- Facilitates a change in business philosophy from past accounting for mass to future accounting for metal content
- Supports proactive risk management
- Enables timely and accurate recognition of revenue
- Enhances production performance measurement
- Provides a key input for bonus scheme calculation
- Enables improved production planning and forecasting
- Produces timely and relevant production information for monthly financial reporting
- Increases accuracy in matching production costs to various parts of the production process
- Assists in the calculation of royalty payments
