Customer Success Story

Mineco

Mineco is an international natural resources group operating across base metal mining, commodities trading and renewable energy. Founded in 2003 and headquartered in London, the group employs around 2,000 people across eight European countries, combining established mining operations in Southeast Europe with investment in new resource and energy projects.

Sage Platinum Club Winner

20+ Years Experience

UK&I + North America

First UK Sage X3 Partner

Product

Sage Intacct

Location

London HQ / Global

Industry

Mining

Employees

2000+

The Challenge

Business challenges.

Mineco was using Infor, alongside separate local accounting systems across its international businesses. Producing a group-wide financial picture meant exchanging spreadsheets between finance teams, then manually assembling and reconciling the results.

The work involved left less time for analysis, while delays meant information could be outdated by the time it reached decision-makers. Each additional company or site introduced further complexity. With its Infor renewal approaching, Mineco reassessed how its finance systems could better serve the group.

What were the main challenges you faced using Infor and your previous reporting processes? How did these affect your finance team and the wider business?
Mineco

at a gLANCE

International operations. A shared ambition for better financial oversight.

Founded in 2003, Mineco operates across base metal mining, commodities trading and renewable energy. Headquartered in London, the group employs around 2,000 people across eight European countries. It selected Sage Intacct with Mysoft to support financial management across its businesses and provide a more consistent basis for group reporting.

What They Needed

Key requirements.

Mineco’s search for a replacement for Infor centred on four priorities, reflecting the demands of managing finance across multiple businesses and countries:

Mineco needed a financial platform that could bring its international businesses together while preserving the detail required to understand each entity’s performance. Head office needed a reliable group view, with less reliance on spreadsheets to combine results, translate currencies and reconcile intercompany activity. The system also had to support everyday accounting, provide straightforward access to transaction detail and establish more consistent processes across the businesses in scope.

As the group developed, it needed the flexibility to accommodate additional entities and connect with other operational systems without repeatedly rebuilding its financial processes.

The Solution

Benefits of Sage Intacct for Mineco.

Sage Intacct gives Mineco the tools to manage the financial complexity of an international group, from everyday transactions to consolidated accounts. The chosen solution addresses four areas central to its move from Infor:

A more direct route to consolidated accounts

Global Consolidations brings together entity results, currency translations and intercompany eliminations within the finance platform. This addresses the manual preparation previously required to produce a group view.

Support for international transactions

Multi-currency functionality handles transactions in different currencies, including foreign exchange gains and losses and revaluation reporting. It supports the accounting demands of businesses working across borders.

Financial information that can be explored

Dashboards and dimensional reporting allow users to examine performance by entity, department and other relevant categories. Drill-down connects headline figures with supporting transactions, helping finance investigate questions in greater detail.

More structured invoice processing

AP bill automation captures information from emailed or uploaded invoices and creates draft records with the source document attached. Purchasing workflows support a defined review and approval process before expenditure progresses.

What made Sage Intacct the right choice for Mineco, and what gave you confidence in selecting Mysoft as your implementation partner?
Mineco

The Outcome

A shared financial foundation for Mineco’s international ambitions.

The move to Sage Intacct centres on giving Mineco a consistent way to manage entity accounts and understand group performance. Its consolidation, multi-currency and reporting capabilities address the complexity that prompted the business to review its previous systems.

Since moving to Sage Intacct, what has made the biggest difference to your team? Please share any examples, particularly around group consolidation, multi-currency accounting or reporting, and any time savings you have seen.
Mineco

The Partnership

Why Mysoft?

Mysoft’s work with Mineco began with understanding how its businesses contributed to the group accounts and where the existing process created difficulties. That discovery shaped a solution combining core finance with global consolidation and multi-currency capabilities, supported by a delivery plan covering configuration, historical data loading and training.

Mysoft brought experience of international Sage projects alongside a defined implementation approach and ongoing support.

How would you describe your experience working with Mysoft throughout implementation and ongoing support? What has stood out about the team’s approach?
Mineco

Next Step

Could Sage Intacct give your business the same foundation to grow?

Successful businesses that outgrow their software don’t slow down; they switch. Find out if Sage Intacct is the right move.