1. Goldcorp’s SAP Journey
Transforming our Financial Reporting
Olivier Van Der Elst, Senior SAP FICO Consultant (SAP Project Manager), Goldcorp Nathalie Rierson, Senior Territory Manager (Canada), Excel4apps
Carlos Chalico, Director Eastern Region, Ouest Business Solutions

2. Agenda Introductions Goldcorp Overview
The SAP Financials Project at Goldcorp
Generating value
Mine-wide business process integration
Key Attributes
Benefits from the implementation
The Cost Attribute
Results
Challenges
The Solution
What’s Next
Q&A

3. Overview
Founded in 1954
Engaged in the exploration, development, and operation, of gold and other
precious metal properties
HQ in Vancouver
Mine operations in Canada, USA, Mexico and Central and South America
World’s second largest gold producer
Employs more than 19,000 people worldwide
70% growth planned for next 4 years

4. Generating value with SAP
2006 – 2008 – To date
Key Challenges
Integrate two mining operations
Enable real time consolidation of cost and profit financial information
Gain mine-wide view of equipment, costs and maintenance
Align activities with maintenance, repair and operations needs
Integrate production planning with other
business processes
Why SAP
Mine-wide business process integration
Support for core mining processes
Feedback from users at acquired mine
Competitive cost of ownership validated by other mid-market customers
Strong compliance functionality and support for multiple currencies
Ability to integrate with other systems at mines and corporate offices
Continued to perform improvements, extended implementation, added more sites/companies as Goldcorp grows
Now all Canadian legal entities on one SAP instance

5. Generating value with SAP
User Experience HR
Analytics
Mobility
Personas
Simplify data entry & workflow
Create a seamless & intuitive user experience
Shorten the time to train users on SAP
SuccessFactors
Provide next generation learning tools and content
Better Track workflow metrics and performance
Simplify HR operations and have one version of HR Data
HANA/ BI
Need real time visibility into our business – not week old reports
Take quick decisions by rapidly analyzing asset info, operational metrics, financial data
Syclo Mobile Platform
Bring content/ workflow to where our employees are (not the other way)
Focus on user experience/ content and not on technology
Grow People
Grow People/
Grow Margins
Grow Production/
Grow Margins
Grow Safety/
Grow People

6. SAP Financials Project at Goldcorp
Committed to responsible mining practices and positioned to deliver sustained, industry-leading growth and performance, Goldcorp is focused on the following key attributes to achieve its goals:
Quality growth
Low cash costs
Cost management
Maintaining a peer-leading balance sheet
Operating in regions with low political risk
Conducting business in a responsible manner.

7. SAP Financials Project at Goldcorp
Financial and Strategic Benefits from the
SAP implementation:
Mine-wide business process integration
Accelerated integration of mining operations
Integrated production and back-office processes
Gained real-time visibility of costs and production processes
Reduced headcount in financials
Improved tracking of assets, costs, and
preventive maintenance programs
Enhanced management of supplier spend
Coordinated production efforts with supporting business operations

8. COST GOALS SAP Financials Project at Goldcorp Quality Growth
Maintaining a Peer-Leading Balance Sheet

9. SAP Financials Project at Goldcorp
Challenges
Changing requirements and standards for financial reports
Core users need to turn around reports quickly and preferably without having to log a ticket for support or help
System performance with some reports
Standard SAP reports not enough; some of them stop just shy of
providing everything needed
Relying on IT and turnaround times is not sustainable
For some key decision data, must combine 2-3 reports which slows down month end process

10. SAP Financials Project at Goldcorp
Facing the challenges
A solution was needed
Knew about Excel4Apps and GL Wand from ASUG British Columbia Chapter Meetings in 2013
Users were/are very familiar with MS Excel
Meanwhile:
We were developing several reports in BW
Relying heavily on our IT department
Change requests took several days or even weeks
We discussed the need for an ad-hoc reporting tool with our finance leadership
community as well as with Ouest

11. SAP Financials Project at Goldcorp
Implementing the solution:
It was anticipated that GL Wand would eliminate the time required to wait for our (IT) group to build FI/CO Reports
We finally decided to get the tool
Implementing GL Wand Excel ad-in took less then a day
Designing the required MS Excel reports and training took about a month
Defined specific Reports:
Cost Reports per mine cell per Mining Method for Red Lake (multiple dimensions – more than 40 sub reports)
Month-end Cost Analysis Review reports

12. SAP Financials Project at Goldcorp
Cost Analysis per Mine Cell:
Mine Cells
Mine

13. SAP Financials Project at Goldcorp
Cost Analysis per Mine Cell:

14. SAP Financials Project at Goldcorp
Month-End Cost Review:

15. SAP Financials Project at Goldcorp
Live Demonstration of a Cost Center ad-hoc Report

16. What’s Next
Our reports generation process is refreshed with live SAP data
instantly or with minor delays
BPC for Consolidation
We are in the process of designing the Top Ten Cost Report
We will expand the benefits of this reporting model, now our
mine with the most complex operation is the one using GL
Wand
Add users to Red Lake
Include the usage of RDM (Report Distribution Manager)
We will add users to Red Lake
Expansion to other sites and countries

17. Goldcorp’s SAP Journey
Thank you. Questions?
Goldcorp’s SAP Journey
Transforming our Financial Reporting
Olivier Van Der Elst, Senior SAP FICO Consultant (SAP Project Manager), Goldcorp
Nathalie Rierson, Senior Territory Manager (Canada), Excel4apps
Carlos Chalico, Director Eastern Region, Ouest Business Solutions Inc.

18. bit.ly/ASUG14 Evaluate This Session Provide feedback via
this short survey
bit.ly/ASUG14
Provide event feedback in the same survey