Great Panther Silver: Great KPIs for Best in class ERP in Mining
Great Panther Silver Limited is a primary silver mining and exploration company. As precious metals prices have dropped significantly in recent years, the company has heightened its focus on improving and strengthening the operational efficiency of its mines.
To meet this goal, and to provide a platform to support its growth, the company embarked on a business transformation project to implement state-of-the-art enterprise resource planning (ERP) software. The result was a substantial reduction in the time involved in executing operational processes due to integration, a simple user interface, and much higher confidence in the integrity of data.
Faster retrieval of finance reports (from 10 minutes to 1)
Time savings for goods issued
Time savings for purchase order (PO) creation
Faster and easier PO approvals
Faster reporting on key warehouse transactions
Faster creation and posting of journal entries (from 10 minutes to 5)
Less time to close the books (from 3 weeks to 1 week)
LInk to BTS (two page story for more details)