Solutions » Financal Management

Our Financial Management modules have been designed and tailored for the mining industry, including full joint venture accounting requirements. The Financial Modules include General Ledger, Costing, Asset Register, Capital Expenditure and Bank Reconciliation systems. Together they form a powerful package that combines flexible reporting with detailed knowledge.

A unique consolidation module that consolidates financial data from various companies into a single reporting entity is available.

Some of the features of the Pulse Financial modules are:

• Designed to be used in operations comprising multiple company, division and sites or single site operations.
• The Capital Expenditure module is designed for monitoring expenditure against budget and predicting total cost of project on large and complex capital works projects.
• Automatic generation and filing of GST reports reduces the time required in the preparation and submission of reports. Full audit trail and reconciliation facilities ensure all information is readily available for ATO tax audit purposes.
• Reports can easily be exported to CSV format for use in other applications.
• Account enquiries enable trace back to base transactions in original generating system (purchasing / stores / accounts payable / payroll etc.).
• Extensive Cost reporting options allowing analysis of the operation by Function/Activity, Cost Centre, Expense Element, Per Unit costing, Group Costing, Location costing, Budget/Forecast comparisons etc.
• The Bank Reconciliation module includes a bank statement details upload facility.
• A separate budgeting module designed to minimize spreadsheet usage and provide more accuracy and control over the budgeting process is available.
• Budget and financial reporting over multiple years and overlapping financial year ends.

The Asset Register has specific mining industry functions. Some of the features are:

• Joint venture operations are easily catered for by the system, including tax reporting requirements.
• Depreciation and equipment replacement forecasts are created based on budgeted production statistics.
• Transaction records for each asset show all changes in value, allowing the history of the asset and all changes in value to be traced.
• The system can easily handle transactions that occur in other currencies.
• The system is Australian Tax Depreciation compliant, including Division 10 and Pooled Capital Expenditure.
• Necessary adjustments to previous tax years can be made if required, including integration into current values.
• The depreciation journal entries are automatically generated into the General Ledger and Costing systems.
• Journal entries are created automatically for the disposal of assets and for the capitalisation of works in progress including estimation of profit/loss on disposal.
• The automatic creation of journal entries for the use of inter-company assets eliminates the need for the manual tracking of those assets.
• Depreciation Forecast module allows for 25 year depreciation modelling, including additions and disposals.
• The system allows for the auditing and stocktake of physical assets.
• Comprehensive asset, transaction and depreciation reporting, including user defined sorting and range filtering.