Nordgold CN Planning Analytics

Main articles:

• CPM - Corporate Performance Management
• EAM system

2021: CN Planning Analytics Development

Nordgold together with a division of international IT-consulting companies Columbus East have developed a solution for managing corporate finance gold mining enterprises - CN Planning Analytics for Mining Industry. This became known on October 6, 2021.

Dmitry Markeev, Director of Transformation and Development of Nordgold Business System, believes that investments in IT solutions will allow the company to create a world-class gold mining cluster "Gross" in Yakutia. Earlier, the head of Nordgold's capital project management, Artem Minakov, announced the company's intentions to increase gold production at this mine to 26 million tons by 2023.

CN Planning Analytics helps you:

• Creates a single information space for the analysis of operational and financial indicators and rapid management decisions;
• compares the results of the company with the best industry practices and similar data of competitors;
• builds a budget model and administrative reporting of a gold mining enterprise based on industrial standards and practices;
• analyzes the stability, the impact on the cash flow of the company, conducts a post-investment analysis.

The peculiarity of the solution is the presence of ready-made budgeting and management reporting models. When creating them, all industry KPIs were used. Additionally, CN Planning Analytics allows you to use data from mining planning platforms and other solutions used in the gold mining industry.

The functionality of the solution is confirmed not only by recognition from the vendor, IBM, but also by the high efficiency of work in automating Nordgold's business processes, "said Andrei Yudaev, Director of Business Development of Columbus Information and Analytical Systems.