Taysols wins Engagement at Emperor Mines
Posted: 28 June 2006
Taysols today announced the win of a new client: Emperor Mines Limited, a listed company on the Australian Stock Exchange (EMP) and a gold producer focused on the Australasian and Pacific Rim region. Emperor owns interests in 3 gold mines: 20% of the Porgera Joint Venture, one of the world's largest gold mines, 100% of the Vatukoula Gold Mine at Fiji and 100% of the Tolukuma Gold Mine in PNG. Emperor has chosen Taysols as their consulting partner for the development and implementation of a new consolidation and reporting solution.
The project entails the design, development and deployment of a statutory and management reporting solution - a web-based central access point to Emperor's most relevant information. The solution will draw information from ledgers and other source systems resident at the various mine sites, consolidate the data and present it to management for review and reporting. The information will be used to facilitate not just localised needs at the mines but also for the local Australian HQ and then for reporting onto the global headquarters off shore. Several of the mine sites are also offshore and jointly owned with other companies and so extensive use of currency conversion and consolidation methods will be developed.
"Our company has experienced rapid change over recent months and so our consolidation complexity has increased significantly. Our past practice of utilising spreadsheets to enable the required functionality was both time consuming and inflexible. We needed to migrate to an "industrial strength" platform to facilitate not just today's needs but those expected to arise in the future as we expand and diversify. We chose Taysols because of their depth of experience in both the mining sector and most importantly, in the statutory and management consolidation arena. They demonstrated particular prowess in both the processes of and the enabling technologies for consolidations." Antoinette du Preez, Group Accounting Manager said.
Taysols will provide the end to end solution for Emperor utilising as much of Emperor's internal capabilities as possible so as to ensure that Emperor retains the maximum level of IP. "Emperor was facing many of the challenges currently confronting organisations today as they juggle local and international reporting requirements. We are extremely pleased to be able to assist Emperor in building a sustainable solution that will relieve many of the burdens that they are currently facing. We look forward to partnering with Emperor in streamlining these pivotal processes." Mark Taylor, Director of Taysols said. "Emperor is an expanding company. Helping them set the foundation for improved consolidations and continued growth is very satisfying."