Timrite, which specialises in timber products for mining, looked to Futuresense for a custom solution using the Oracle platform to modernise its financial processes.
While the world moves into the fourth industrial revolution, many industries born hundreds of years ago have turned to technology to help improve their operations. From mechanised processes to sophisticated management systems, technology is enabling industrial businesses to become more efficient.
Timrite’s business includes forestry, timber mills and factories. The company’s products are sold from the factories themselves as well as through a sales and marketing division. Using Excel to manage all of this, Timrite ended up with multiple worksheets with numerous tabs feeding into one another. The worksheets were set up in different ways, making consolidation very challenging and allowing for a lot of human error.
“Timrite has back-end operations such as forestry and milling that need information such as tons sold, square metres sold, or metres sold per product. Using the old system, setting up a report of an actual versus budget income statement, took days of collecting and collating data.
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