RPMGlobal’s mining financial budgeting and forecasting tool receives an upgrade

RPMGlobal has launched a “major upgrade release” to its mining financial modelling software XERAS Enterprise (XE®).

This release transforms the product with an updated user experience, improved database technology, performance and enhanced enterprise capabilities, the company said.

The release of XERAS Enterprise 3 also completes a multi-year program of work that encompasses a number of important back-end and front-end features, including a modern user interface and mobile application, the company said.

“The move to a server-orientated database provides significant benefits to the end-user by consolidating disparate data across the platform into one place,” RPMGlobal says. “Users can then quickly access their entire information database to make informed and educated financial decisions.”

XERAS Enterprise has 30 years of continuous product history behind it, according to the company, and remains a leading enterprise financial modelling tool for the mining industry.

RPM Chief Technology Officer, Paul Beesley, said: “The launch of XERAS Enterprise 3 was in line with the company’s strategy of releasing simplified, standardised and integrated solutions that seamlessly inter-operate with other vendors’ systems using our Enterprise Planning Framework.

“XERAS Enterprise 3 expands the breadth and depth of RPM’s financial modelling software, solidifying our position as the financial budgeting and forecasting software solution of choice for the mining sector. Our intention has always been to have a completely integrated enterprise suite of products and this latest update forms a critical part of that vision.”

XERAS Enterprise is able to turn an engineering-oriented mine plan into a complete financial plan with a precise schedule of labour, equipment, consumables and parts, according to the company. “Unlike other budgeting methods which use spreadsheets as their base, XERAS Enterprise provides trust in the numbers by standardising processes and removing manual data entry.”

Richard Mathews, RPM’s CEO, said: “XERAS Enterprise provides the governance and control miners require, while still allowing for the agility and scalability that other systems simply struggle to provide.”

XERAS Enterprise also has the capability to integrate directly with the customer’s Enterprise Resource Planning systems. RPMGlobal said: “While these business intelligence-based tools can complete some level of calculations, they typically do not have pre-existing calculation logic to budget at the detailed spatial level required in the mining industry.”

Mathews concluded: “In today’s mining environment, confidence in the systems and processes is so critical. You need to have standardisation and a shared modelling logic across the business and XERAS Enterprise provides exactly that.”