Goldcorp’s SAP Journey
Transforming our Financial Reporting
Olivier Van Der Elst, Senior SAP FICO Consultant (SAP Project Manager), Goldcorp
Nathalie Rierson, Senior Territory Manager (Canada), Excel4apps
Carlos Chalico, Director Eastern Region, Ouest Business Solutions
Agenda
 Introductions
 Goldcorp Overview
 The SAP Financials Project at Goldcorp
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Generating value
Mine-wide business process integration
Key Attributes
Benefits from the implementation
The Cost Attribute
Results
Challenges
The Solution
 What’s Next
 Q&A
Overview
 Founded in 1954
 Engaged in the exploration, development,
and operation, of gold and other
precious metal properties
 HQ in Vancouver
 Mine operations in Canada, USA, Mexico
and Central and South America
 World’s second largest gold producer
 Employs more than 19,000 people
worldwide
 70% growth planned for next 4 years
Generating value with SAP
2006 – 2008 – To date
Key Challenges
 Integrate two mining operations
 Enable real time consolidation of cost and
profit financial information
 Gain mine-wide view of equipment, costs
and maintenance
 Align activities with maintenance, repair and
operations needs
 Integrate production planning with other
business processes
Why SAP
Mine-wide business process integration
Support for core mining processes
Feedback from users at acquired mine
Competitive cost of ownership validated by
other mid-market customers
 Strong compliance functionality and support
for multiple currencies
 Ability to integrate with other systems at
mines and corporate offices
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 Continued to perform improvements, extended implementation, added more
sites/companies as Goldcorp grows
 Now all Canadian legal entities on one SAP instance
Generating value with SAP
User Experience
HR
Analytics
Mobility
Personas
SuccessFactors
HANA/ BI
Syclo Mobile Platform
 Simplify data entry &
workflow
 Provide next generation
learning tools and content
 Create a seamless &
intuitive user
experience
 Better Track workflow
metrics and performance
 Shorten the time to
train users on SAP
Grow People
 Simplify HR operations
and have one version of
HR Data
Grow People/
Grow Margins
 Need real time visibility
into our business – not
week old reports
 Take quick decisions by
rapidly analyzing asset
info, operational metrics,
financial data
Grow Production/
Grow Margins
 Bring content/
workflow to where our
employees are (not the
other way)
 Focus on user
experience/ content
and not on technology
Grow Safety/
Grow People
SAP Financials Project at Goldcorp
 Committed to responsible mining practices and positioned to deliver
sustained, industry-leading growth and performance, Goldcorp is
focused on the following key attributes to achieve its goals:
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Quality growth
Low cash costs
Cost management
Maintaining a peer-leading balance sheet
Operating in regions with low political risk
Conducting business in a responsible manner.
SAP Financials Project at Goldcorp
 Financial and Strategic Benefits from the
SAP implementation:
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Mine-wide business process integration
Accelerated integration of mining operations
Integrated production and back-office processes
Gained real-time visibility of costs and
production processes
Reduced headcount in financials
Improved tracking of assets, costs, and
preventive maintenance programs
Enhanced management of supplier spend
Coordinated production efforts with supporting
business operations
SAP Financials Project at Goldcorp
Quality
Growth
COST
GOALS
Maintaining a
Peer-Leading
Balance Sheet
http://goldprice.org/gold-price-history.html
SAP Financials Project at Goldcorp
 Challenges
 Changing requirements and standards for financial reports
 Core users need to turn around reports quickly and preferably without
having to log a ticket for support or help
 System performance with some reports
 Standard SAP reports not enough; some of them stop just shy of
providing everything needed
 Relying on IT and turnaround times is not sustainable
 For some key decision data, must combine 2-3 reports which slows down
month end process
SAP Financials Project at Goldcorp
 Facing the challenges
 A solution was needed
 Knew about Excel4Apps and GL Wand from ASUG British Columbia
Chapter Meetings in 2013
 Users were/are very familiar with MS Excel
 Meanwhile:
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We were developing several reports in BW
Relying heavily on our IT department
Change requests took several days or even weeks
We discussed the need for an ad-hoc reporting tool with our finance leadership
community as well as with Ouest
SAP Financials Project at Goldcorp
 Implementing the solution:
 It was anticipated that GL Wand would eliminate the time required to
wait for our (IT) group to build FI/CO Reports
 We finally decided to get the tool
 Implementing GL Wand Excel ad-in took less then a day
 Designing the required MS Excel reports and training took about a month
 Defined specific Reports:
 Cost Reports per mine cell per Mining Method for Red Lake (multiple
dimensions – more than 40 sub reports)
 Month-end Cost Analysis Review reports
SAP Financials Project at Goldcorp
 Cost Analysis per Mine Cell:
Mine Cells
Mine
http://www.teara.govt.nz/en/diagram/30412/how-a-gold-mine-worked
SAP Financials Project at Goldcorp
 Cost Analysis per Mine Cell:
SAP Financials Project at Goldcorp
 Month-End Cost Review:
SAP Financials Project at Goldcorp
 Live Demonstration of a Cost Center ad-hoc Report
What’s Next
 Our reports generation process is refreshed with live SAP data
instantly or with minor delays
 BPC for Consolidation
 We are in the process of designing the Top Ten Cost Report
 We will expand the benefits of this reporting model, now our
mine with the most complex operation is the one using GL
Wand
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Add users to Red Lake
Include the usage of RDM (Report Distribution Manager)
We will add users to Red Lake
Expansion to other sites and countries
Thank you. Questions?
Goldcorp’s SAP Journey
Transforming our Financial Reporting
Olivier Van Der Elst, Senior SAP FICO Consultant (SAP Project Manager), Goldcorp
olivier.vanderelst@goldcorp.com
Nathalie Rierson, Senior Territory Manager (Canada), Excel4apps
nathalie.rierson@excel4apps.com
Carlos Chalico, Director Eastern Region, Ouest Business Solutions Inc.
carlos.chalico@ouestsolutions.com
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