Products & Services

ValidEx™

The Buck Stops Here

How would you like to DRIVE your business, instead of being forced into embarrassing resource write-downs every quarter? ValidEx™ can provide the trusted information you require to successfully manage your business - thereby keeping you out of dangerous shareholder short-fall traps.

"Justice Dept. Opens Inquiry Into Shell Oil."New York Times - March 17th, 2004 "3rd Shell Executive Quits Over Reserves Issue"New York Times - April 19th, 2004 "El Paso finding employees at fault over proved reserves issue"Houston Business Journal - May 3rd, 2004

VRT's focus is on managing the physicals, that drive the financials. Business unit managers can get back to managing production, not reporting.

Features

Benefits

Delivers trusted information, driven from real-time data Data validation is performed "at the coal-face" Agile & transparent definition of performance measures Supports regulatory compliance: (Sarbanes-Oxley, SEC, EPA, OH&S etc.) Leverages existing best-of-breed systems Delivered with in-depth industry knowledge & experience Can be delivered in-house, or outsourced (ASP hosted solutions). Integrated forecasting tools and techno-economic modelling capabilities Deals directly with physicals, not financials

Informed management can avoid the risk associated with hedging Validated KPIs Agility, transparency & auditability Retain the benefits of spreadsheets, but eliminate the shortfalls VRT provides solutions, not just products Driven by the value proposition to the owner Increase productivity Extract extra value from your existing ERP investment Meet long-term fixed-price contract requirements - price the contract profitably for any  timeframe Generate cap-ex forecasts

"Our analysis shows companies still need to increase transparency and unlock potential shareholder value in areas like mineral reserves, hedging and environmental disclosures." PriceWaterhouseCoopers Report - "Digging Deeper", 2003

Delivering the ERP Promise. Businesses in the resources sector face a special challenge deriving benefits from ERP. The total ore reserve is at best an estimated quantity. Measurement of the production & consumption of physical quantities is performed by automation systems that need constant monitoring and calibration. So many variables can impact the quality of this data that it becomes impossible to use directly in the ERP system with any confidence. Consequently, operations staff spend an ever increasing amount of time sanitising and vetting data for reporting purposes, rather than managing operations. Read more »