Background: Imdex Limited (Imdex) is a Western Australian company (ASX:IMD) which provides drilling fluids and leading down hole instrumentation to the mining, oil and gas, water well and civil engineering industries worldwide. The company has a presence in all significant mining and exploration regions, and has the global profile and resources for extended future growth. Imdex has streamlined its business into two operational divisions, the Drilling Fluids and Chemicals (DFC) Division, and the Down Hole Instrumentation (DHI) Division…
The challenge: With the business growing rapidly, both organically and through strategic acquisitions, it became increasingly challenging to consolidate data with multiple time zones, currencies and ERP/finance systems efficiently. “The reporting process was becoming more time consuming each month with finance personnel across the five continents using a number of different input methods,” said Harvey Farrington, Imdex’s Commercial Finance Manager. “The Group researched a number of options, however they did not provide the same business benefits and the costs were significantly higher than the PROPHIX solution.”
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