Kumba Iron Ore boosts strategic decision-making with Hyperion Strategic Finance
[Johannesburg, 8 March 2012] -
Effective financial modelling is critical to the success of most large organisations, particularly in the current volatile economy. Being able to regularly analyse the impact of changing economic circumstances and production plans on business performance enables better strategic planning.For a mining company like Kumba Iron Ore, part of the Anglo American Group, the key to success was the implementation of Oracle's Hyperion Strategic Finance (HSF) financial modelling application.Kumba continually needs to optimise existing operations, deliver on various growth projects and analyse those projects still in the pipeline. This means it requires a powerful and agile tool to help it address its budgeting and operational planning, as well as the more complex challenges inherent in strategic planning. Thus, the organisation turned to Futuresense, an Oracle Gold Partner.
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