‘Finance Transformation’ is more than a buzzword in digital transformation terminology. Innovations in technology and management practices are allowing the roles of mining company CFOs and finance teams to be reimagined. With the new Budgeting enhancement for the Pulse Financials module, Finance Transformation is realized today through fully-integrated budgeting and forecasting to empower finance professionals.
Developed by Pulse, the Financial Integrated Budgeting System (FIBS) is the breakthrough for finance teams now called “Pulse Budgeting”. Pulse Budgeting is available as an enhancement for users of the Financials module within Pulse Mining ERP.
Pulse Budgeting provides a more systemized approach to budgeting and forecasting as a normal process with the benefit of Pulse system-wide integration. Finance professionals can forecast more reliably and more often, becoming what McKinsey calls ‘knowledge integrators’ — sharing information from multiple sources inside and outside the finance function, and helping to shape financial strategy for the business overall. This quantum empowerment delivers the transformational promise of Industry 4.0 to finance.