HOW WE HELP INVESTORS
As an investor in the mining sector, you need to know that your money is well spent on exploration and production, not expensive and complex IT projects.
The Lumos 365 platform for mining does just that. It provides a rapidly deployed fit for purpose solution that scales readily across the life of mine plan as the joint venture / consortium partners.
FOCUS ON PROFIT
As an Investor, you need to ensure profit is the core focus of exploration and extraction operations. We ensure Operators are always delivering operational excellence throughout the life of mine plan, ensuring a maximum return on your investment.
RELIEVE CUMBERSOME PROCESSES
Our platform supports Operators through a strategic digital transformation to ensure their exploration and extraction activities aren’t held back by cumbersome processes and systems. This fuels efficiency and maximises the profit potential of your investment.
FREE UP WORKING CAPITAL
Your investment needs to be targeted at exploration and extraction activities that increase returns, not expensive IT projects. We ensure software spend is phased in line with operations, significantly reducing upfront expenditure that drains working capital.
THE ELEMENTS OF OUR INVESTOR SUPPORT
TOPLINE BENEFITS FOR INVESTORS
From real-time capture, analysis and reporting of all business-critical data to greater efficiencies through business process automation, Lumos 365 gives you the visibility and control you need to protect your investments.
OPERATIONAL EXCELLENCE
The Lumos 365 platform for mining is a secure and scalable industry solution built on the Microsoft Cloud. It provides industry best practice, customisable templates, workflows, reporting and analytics for Finance, Supply Chain and Plant Maintenance. The platform enables your joint venture / consortium partners to drive operational excellence and frees them up to focus on exploration and production. It is designed to drive and support improved controls, compliance and cost recovery reducing the cost of production per tonne.
STRENGTHEN CONTROLS
The Lumos 365 platform benefits from many features such as WBS management, budget checking and contract spend monitoring. With best of breed workflows, we support these activities from a process and productivity perspective. The Lumos 365 Management Reporting and Analytics module provides customisable templates with online, up to date key business metrics such as ‘Spend by WBS’ in dashboards and drill down data reports. This ensures that invested funds are managed effectively within the joint venture / consortium partnerships to minimise waste or profit leakages and maximise returns.
ENSURE COMPLIANCE
The license to explore imposes significant contractual obligations on both the joint venture partners. These relate to local content and local tax regulations. A breach of these obligations can result in significant penalties for the joint venture / consortium companies. The Lumos 365 Management Reporting and Analytics module will facilitate clear reporting on operational matters affecting compliance ensuring that cash investments contribute to production not penalties. The Lumos 365 platform will ensure compliance with regulatory policies, such as Local Content and taxation through correct tax code allocations as part of our standard best practice templates, protecting your investments for operational purposes.
UP AND DOWNSCALE
Volatility requires operational agility and the ability to up and downscale supporting software licensing without financial penalty. Our Finance, Supply Chain and Plant Maintenance solution will not only support operational excellence to plug profit leakages but provide this flexibility. Our modular approach allows Finance, Supply Chain and Plant Maintenance to be added at the appropriate time as the operation moves from exploration and into extraction and throughout the life of mine plan right up until a point of reclamation, when appropriate.
OPTIMISE YOUR INVESTMENT
It is imperative that invested funds are put to good use as quickly as possible with a focus on areas that will produce the greatest return in the shortest time possible. The Lumos 365 Platform for the mining sector aims for an 80% industry fit from day one. This significantly reduces upfront consultancy fees and puts in a place an on-going subscription-based model for the platform and support. Invested funds are freed up to focus on exploration and extraction activities and generating returns, rather than expensive, slow and cumbersome IT projects.
TOPLINE BENEFITS FOR INVESTORS
From real-time capture, analysis and reporting of all business-critical data to greater efficiencies through business process automation, Lumos 365 gives you the visibility and control you need to protect your investments.
OPERATIONAL EXCELLENCE
The Lumos 365 platform for mining is a secure and scalable industry solution built on the Microsoft Cloud. It provides industry best practice, customisable templates, workflows, reporting and analytics for Finance, Supply Chain and Plant Maintenance. The platform enables your joint venture / consortium partners to drive operational excellence and frees them up to focus on exploration and production. It is designed to drive and support improved controls, compliance and cost recovery reducing the cost of production per tonne.
STRENGTHEN CONTROLS
The Lumos 365 platform benefits from many features such as WBS management, budget checking and contract spend monitoring. With best of breed workflows, we support these activities from a process and productivity perspective. The Lumos 365 Management Reporting and Analytics module provides customisable templates with online, up to date key business metrics such as ‘Spend by WBS’ in dashboards and drill down data reports. This ensures that invested funds are managed effectively within the joint venture / consortium partnerships to minimise waste or profit leakages and maximise returns.
ENSURE COMPLIANCE
The license to explore imposes significant contractual obligations on both the joint venture partners. These relate to local content and local tax regulations. A breach of these obligations can result in significant penalties for the joint venture / consortium companies. The Lumos 365 Management Reporting and Analytics module will facilitate clear reporting on operational matters affecting compliance ensuring that cash investments contribute to production not penalties. The Lumos 365 platform will ensure compliance with regulatory policies, such as Local Content and taxation through correct tax code allocations as part of our standard best practice templates, protecting your investments for operational purposes.
UP AND DOWNSCALE
Volatility requires operational agility and the ability to up and downscale supporting software licensing without financial penalty. Our Finance, Supply Chain and Plant Maintenance solution will not only support operational excellence to plug profit leakages but provide this flexibility. Our modular approach allows Finance, Supply Chain and Plant Maintenance to be added at the appropriate time as the operation moves from exploration and into extraction and throughout the life of mine plan right up until a point of reclamation, when appropriate.
OPTIMISE YOUR INVESTMENT
It is imperative that invested funds are put to good use as quickly as possible with a focus on areas that will produce the greatest return in the shortest time possible. The Lumos 365 Platform for the mining sector aims for an 80% industry fit from day one. This significantly reduces upfront consultancy fees and puts in a place an on-going subscription-based model for the platform and support. Invested funds are freed up to focus on exploration and extraction activities and generating returns, rather than expensive, slow and cumbersome IT projects.
HOW OUR CLOUD PLATFORM WORKS
From exploration to reclamation, the Lumos 365 platform addresses and overcomes the challenges you face at every stage of the life of mine plan. Cutting costs. Maximising efficiency. Extending agility. Our platform powers your processes, adding more value to your business.
ACQUIRE
Retrieving critical information from disparate systems with poor connectivity. Structuring financial master data. Extracting reports from acquired assets for analysis. Migrating financial and operational data. Utilising modules designed specifically to meet these challenges, our platform cuts cost, time and risk. MORE
EXPLORE
With a license granted, the need to structure, capture and manage a whole new raft of activities becomes imperative. Our modules create a sound financial supply chain system, laying the foundation for operational excellence moving forward to development and operation. MORE
DISCOVER
Getting a clear picture when spend visibility is poor. Retrieving, collating and exchanging information with third party service companies. Extracting and analysing management reports. It’s time and labour intensive. Our modules enable fast and easy spend tracking and data collaboration. MORE
DEVELOP
Managing significant CAPEX expenditure, JV / consortium partners, cost recovery, HSE, budgets and reporting creates the need to extend supply chain functionality to support and optimise the field development plan and sourcing. Our modules do just that, making management straightforward. MORE
EXTRACT
This is where the foundations built earlier in the life of mine plan with our platform really drive operational excellence. Poor control, recording and tracking of CAPEX, OPEX and G&A spend. Delayed delivery, poor sourcing, resources wastage and profit leakages. Compromised asset reliability and integrity. Lack of insights to support decision making. Our modules overcome every challenge. MORE
CLOSE
Cost-effective and efficient collation and aggregation of all asset data (contracts, compliance, financial, supply chain and plant) is critical. Our modules bring all this data together to maximise abandonment efficiency, save executive time and support due diligence. MORE
RECLAIM
The entire Lumos 365 platform can be utilised to manage and support the reclamation project enjoying the same benefits available during the operational life of the mine. MORE
Let's Talk
To fast forward your business processes across the life of mine plan, just get in touch.