Case Studies > A new source of working capital

A new source of working capital

Customer Company Size

Large Corporate

Product

Rosslyn Platform

Tech Stack

Data Categorization
Data Analytics
Reporting Tools

Implementation Scale

Enterprise-wide Deployment

Impact Metrics

Cost Savings
Digital Expertise
Productivity Improvements

Technology Category

Analytics & Modeling - Data Mining
Analytics & Modeling - Predictive Analytics
Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Mining

Applicable Functions

Procurement

Use Cases

Predictive Replenishment
Process Control & Optimization
Supply Chain Visibility

Services

Data Science Services
System Integration
Training

About The Customer

The customer is a global mining organization that operates on a large scale, with thousands of users across over fifty countries. They have a significant focus on procurement and finance, requiring robust data categorization and analytics to support their operations. The organization needed a solution that could handle vast amounts of historical data and provide insights to optimize their working capital and payment processes. They turned to Rosslyn, a company known for its expertise in delivering accelerated business value through data insight, to address their needs.

The Challenge

A global mining organization was dissatisfied with the results from a management consultant firm they had engaged for a taxonomy and categorization exercise. They needed a more effective solution to support their procurement team with data categorization. The existing taxonomy was not aligned with their business needs and reporting objectives, leading to inefficiencies in their procurement processes. The organization sought a new framework that could better categorize their data and provide actionable insights to improve their working capital strategy and payment processes.

The Solution

Rosslyn implemented their platform to replace the existing taxonomy and create a new framework for data categorization. This new framework was closely aligned with the mining organization's business needs and reporting objectives. The platform enabled the client to categorize 95% of their data across six years of historical records. Following the success of the initial data categorization project, Rosslyn's focus shifted to exploring opportunities around the client's working capital strategy and payment processes. Rosslyn's specialist team created a series of reports tailored to the specific concerns of multiple business units. These reports provided insights into working capital and enabled the finance and procurement teams to collaborate on amending payment terms across a broad scope of their supply base. This collaboration ultimately increased the levels of working capital for the business while maintaining the same levels of business continuity and production.

Operational Impact

The client was able to retire their existing taxonomy and create a new framework for categorization that was more closely aligned to their business needs and reporting objectives.
The new framework enabled the client to categorize 95% of their data across six years of historical records.
Rosslyn's series of reports provided insights into working capital, allowing the finance and procurement teams to collaborate effectively.
The collaboration between finance and procurement teams led to amended payment terms across a broad scope of the supply base.
The increased levels of working capital were achieved while maintaining the same levels of business continuity and production.

Quantitative Benefit