Major Drilling Group Strikes Gold
Company Size
1,000+
Region
- Africa
- America
- Asia
- Europe
Country
- Canada
- Mexico
- United States
Product
- Sage 300
- Sage Fixed Assets
Tech Stack
- Accounting Software
- Asset Management Software
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Functional Applications - Enterprise Asset Management Systems (EAM)
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Mining
Applicable Functions
- Discrete Manufacturing
- Procurement
Use Cases
- Asset Lifecycle Management
- Inventory Management
Services
- System Integration
- Training
About The Customer
Major Drilling Group International Inc. is one of the world’s largest metals and minerals contract drilling companies. Founded in 1980 in New Brunswick, the company has grown significantly over the years, with offices and field operations in Canada, United States, Mexico, South America, Asia, Africa, and Europe. The company has the resources and experience to mobilize to any corner of the globe to meet its clients’ exacting requirements. More than 20 separate Major Drilling Group International operating locations and over 100 employees, operating in dozens of countries, are currently using Sage 300.
The Challenge
Major Drilling Group International Inc., a global metals and minerals contract drilling company, operates in various countries and deals with multiple currencies. The company needed a robust accounting solution that could handle its multicurrency and consolidation requirements. The company also needed a system to accurately order and track the stock of repair parts used to keep the drilling equipment operational. Additionally, as a publicly traded company, Major Drilling Group International needed to maintain impeccable financial records.
The Solution
Major Drilling Group International Inc. selected Sage 300 for its accounting operations due to its strong consolidation capabilities, multicurrency support, and low total cost of ownership. The software handles the accounting for various currencies extremely well, allowing for both a source and functional currency for most of the entities and accurately accounting for the variations and fluctuations. The company also uses the Inventory Control and Purchase Orders modules to accurately order and track the stock of repair parts. The Sage Fixed Assets module is used to track its corporate assets, including the drill rigs. Each evening, an automated utility copies the data from each subsidiary into the main corporate Sage 300 database, making it easy to generate consolidated reports across the enterprise.
Operational Impact
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