Company Overview
DevEx Resources (ASX:DEV) is an exploration company with a diversified portfolio of high-quality projects in Australia, including the highly prospective Julimar district in WA, the Nabarlek Project in the NT targeting uranium-copper-gold systems, and exploration for rare earth elements in North QLD.
![](https://www.ioppolo.com.au/wp-content/uploads/2022/07/image-1-1.png)
Odoo
- v.14 Accounting
- v.14 Payroll
![](https://www.ioppolo.com.au/wp-content/uploads/2022/05/image-4-2-1.png)
Essatto
- Tenement expenditure anniversary reporting
- Tenement expenditure variance to annual commitment reporting
- Exploration and corporate expense reporting
- Project spend reporting
- Financial reporting
- Project budgets, forecasts and variance reporting
Employment Hero
- Support with setup and ATO compliance
- Labour Costing by Tenement/Project.
Challenges and Business Objectives
Challenges:
- Manual processing of monthly transactions in previous accounting system.
- Manual posting of intercompany journals in both entities.
- Manual entry of timesheet tenement allocations.
- Lack of automation for timesheets and payroll to the accounting system.
Business Objectives:
- Automate transaction processing to reduce manual effort and errors.
- Streamline intercompany journal posting for efficiency.
- Automate timesheet tenement allocations for accuracy and time savings.
- Implement automation for timesheets and payroll integration with the accounting system.
Benefits
- Enhanced compliance reporting with expanded transactional parameters, including Project, Tenement, Activity, Cost Code, Mineral Type, Tenement State, and Budget Program.
- Improved cost and revenue tracking for better financial management.
- Automated generation of inter-company journals for transactions relating to subsidiaries, reducing manual effort.
- Streamlined timesheet tenement tracking with online/app links to payroll and creation of recharge journals for Odoo upload.
- Customised expense authorization dashboards with role-based authority and approval limits.
- Quick transaction import from Excel using a customized file upload feature.
- Incorporation of Essatto Application for automated Consolidation, Monthly Board Reporting, and Tenement Reporting, enhancing reporting efficiency.
Form 5:
Other benefits:
- Month end and quarterly management and regulatory reports are now largely automated by Entity and State/Territory.
- Specific automated reporting includes data for ABS Mineral Exploration and Evaluation Survey, tenement expenditure anniversary reporting, exploration and corporate expense reporting, project spend reporting, and financial reporting.
- Automated reporting also covers project budgets, forecasts, and variance reporting.
![DevEx resources Odoo erp and budgeting & forecasting solution implementation perth WA Australia DevEx resources Odoo erp and budgeting & forecasting solution implementation perth WA Australia](https://www.ioppolo.com.au/wp-content/uploads/DevEx-resources-Odoo-erp-and-budgeting-forecasting-solution-implementation-perth-WA-Australia.jpg)