28 december 2011
GMCS has transferred Altyntau Resources for Microsoft Dynamics AX 2009
Altyntau Resources, a leading high-technology gold developer in Kazakhstan has started using a new version of Microsoft Dynamics AX 2009.

This project was performed in cooperation with GMCS within the framework of developing the corporate information management system for the gold-mining company.

"Our company's growing demand for enhancing planning efficiency and transparency of financial and economic management processes, simplification of the reporting preparation process under IAS standards for the top management and shareholders necessitated the modernisation and expansion of the used ERP-system," comments S.K. Asanbayev, Managing Director for Development of Altyntau Resources.

The selection of GMCS as the project contractor can be attributed to the company's experience in implementing Microsoft Dynamics AX 2009 in Russia and other CIS countries, as well as positive recommendations from Microsoft and other customers.

The objectives and goals set by Altyntau Resources for GMCS included the transfer of the management system of the gold-mining company for the version Microsoft Dynamics AX 2009 from an earlier version, optimisation of the current and automation of new business-processes in the system.

The unit of financial management (book-keeping, assets and intangibles accounting, calculations with counterparties, cash and financial investments management) has been currently transferred to Microsoft Dynamics AX 2009. The short-term plans of the project development provide for the automation of tax accounting, in accordance under the existing law of the Republic of Kazakhstan with the use of GMCS Reporting solutions for the reporting format management, including the automation of conducting a bid campaign.

The long-term plans of the project development are related to the automation of budgeting and equipment technical maintenance and overhaul repair processes in Microsoft Dynamics AX 2009 (ETMOR) with the use of special solutions of GMCS EAM. In addition, it is planned to perform the integrated solutions of the electronic document workflow system with the use of Microsoft Dynamics AX 2009 Workflow and Microsoft SharePoint 2010.

"The specifics of the project are the fact that, in addition to transferring the existing functionality of the system, including Altyntau Resources own modifications, we have reviewed the regulations for using the uniform analytical model for the branches and the customer’s subsidiaries and associates, in accordance with the altered requirements related to the registration for the ready products area and registration of production costs," notes Dmitry Ruchkin, Consulting Director, Microsoft Department, GMCS.

About Altyntau Resources

Altyntau Resources is a leading high-technology gold developer in Kazakhstan. The company was incorporated in 2011 and it is a cessionary of Vasilkovsky Ore Mining and Processing Company. The company’s main developing and processing assets are located in the Republic of Kazakhstan. About 4,200 people are involved in gold development and production. Since the time of incorporation, the objective was to occupy the leading position in the industry by increasing the volumes of developed ore, the development of hi-tech products, the performance of competent geological and prospecting and exploration works and reduction of operational expenditures. A new hi-tech infrastructure was built within the shortest period in the Vasilkovskyoe field, next to Kokshetau. In 2012, some works were dedicated to the connection of development assets in East Kazakhstan Province – the fields of Ridder-Sokolny, Dolinno-Obruchevskoye, Staroye and Chashinskoye tailings dams in the unified group of Altyntau companies.
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