NETSUITE SOLUTIONS FOR THE MINING INDUSTRYWith SCS Cloud’s expertise in the mining industry, along with a series of prebuilt customizations, NetSuite can be used as the ERP for the mining industry with an implementation 3x faster than competing products. Plus, with the SCS Cloud team at your back, you can expect a seamless transition and ongoing support for your business.
How NetSuite specifically helps the mining industry
Requisition Customizations & Controls
Implements a strongly controlled purchase requisition entry process and aligns requisitioning forms for mining industry.
Functionality for creating and appropriately managing vendor prepayments (advances) against purchase orders. Tracks total prepaid amounts, open balances, and provides a simple and effective way to manage prepayments within the Accounts Payable ledger.
Vendor Bill Batch Payments
Provides a full process for creation of batches of bills, approval for payment, and processing of payments against bill batches within the system. Separates the bill creation and approval process for enhanced internal controls.
Exchange Rate Integrations
Integrate NetSuite with local central bank exchange rates in order to comply with local statutory requirements.
Month End Automated Journal to Construction in Progress
Automatically journal costs into Construction in Progress account with correct segmentation at the end of each month. Used during construction to enable the ability to properly view expense data with normal posting and then automate the transfer to Construction in Progress.
Allows an employee to request stock to be used from the warehouse. Includes approvals of consumption requests, controlled fulfillment, commitment of inventory, and auto-closing of requests after specified periods if not fulfilled.
Item Request Process and Approval
Improve the control and approval around creation of items. Creates a platform for employees to request new items be ordered and route them to procurement for review and approval to be added as a stock code.
User Roles & Dashboards
Prepackaged user roles and dashboards fit for purpose to the mining industry. Includes preset internal control review and segregation of duties for all roles. Dashboards include customized searches, reminders, reports, and graphs specific to the mining industry and associated roles.
Installs 30+ prepackaged procurement reports surrounding contracts, open requisitions, committed values, and other procurement-related data for analysis.
Customized Forms and Layouts
Installs preset forms, custom fields, lists, and layouts for the mining industry. Ties in with the predefined NetSuite roles and enhances the usability and flexibility of the solution for rapid deployment.
The Bottom Line?
With all of these customizations provided on top of the core NetSuite functionality, your system becomes supercharged for the mining industry and enables a fast rollout. Combined with the knowledge of the SCS Cloud team and previous successful implementations, the rollout of the solution can be done efficiently at any point in the exploration, construction or operational phase of your mining project.