Shenhua Ningxia Coal Industry Group Co., Ltd (Shenning Group) is a diverse organization that operates in the coal exploitation and washing, deep processing, coal chemicals, electricity, and real estate development sectors. Shenning Group has 44 second-level production and operational units for coal production and washing, and other activities. The company employs 50,000 employees who produce 60 million tons of coal annually.
Shenning Group realized it needed to build a new budget management system to make it easier for its second-level coal production and operational units to create financial plans and better forecast the cost of materials, water, and electricity usage during mine construction.
Shenning Group chose Oracle Hyperion due to its Web interface, which made it easy for the organization to create flexible and scalable budgets and financial plans.
“Oracle Hyperion Planning enabled us to complete multidimensional data analysis, which is most useful when we need to run budget forecasts using older financial data,” said Xiangyu Jiang, ERP comprehensive budget program executive manager, Shenhua Xingxia Coal Industry Group Co., Ltd.
“We chose Oracle Business Intelligence Enterprise Edition as it is a comprehensive business intelligence application that provides us with high-level enterprise financial reporting and strategy management capabilities,” he added.
Shenning Group engaged Oracle Diamond Partner IBM Global Business Services to start implementing Oracle Hyperion Planning and Oracle Business Intelligence Enterprise Edition in June 2011 as the second phase of a large ERP application suite implementation.
The applications went live at Shenning Group’s head office and second-level business units in November 2011.
IBM Global Business Services worked closely with Shenning Group’s IT team to design budget management processes and models that were suitable for the organization.
“IBM Global Business Services worked hard to understand how our subsidiaries and departments work to ensure we deployed a solution that best suited our requirements,” said Jiang.