Mayfox Mining starts systems upgrade ahead of planned NSE listing
Mayfox Mining, an indigenous Kenyan-owned gold exploration company, has signed an agreement with Wingo.net, an authorised Sage ERP X3 solution provider, for the installation of an Enterprise Resource Planning (ERP) solution. The deal sees Mayfox Mining become the first mining company in East Africa to implement Sage ERP X3.
The company plans to list on NSE’s Growth Enterprise Market Segment (GEMS) by the end of the year to help fund exploration in northern Turkana County. The solution demonstrates Maxfox’s commitment to accountability and tight cost control to future shareholders and investors. It will also provide management with critical real-time information for fast and responsive decision-making.
According to Mugwe Manga, Commercial Director at Mayfox Mining: “Cost allocation in any business can only be done right if you have the right data and systems. And in a capital-intensive business like ours, accurate cost allocation is essential if one is looking to become efficient and cost-effective. With Sage ERP X3, Mayfox Mining will be able to identify unnecessary costs and swiftly highlight any unusual expenditures within our operations.”
Nicolas Descampe, CEO Wingo.net, adds: “Sage is a world-class solution with great support. The Sage ERP X3 solution offers a great deal of malleability and flexibility when it comes to implementing solutions that fit customers’ needs. The scalability of the system is also beneficial and further highlights the systems robust architecture.”
“We are excited to have clinched this important deal with our first mining customer in East Africa,” says Keith Fenner, Senior Vice President Sales – Sage ERP X3 AAMEA (Africa, Australia, the Middle East and Asia). “We look forward to working closely with Wingo.net and Mayfox to roll out a business solution that will support the mining company’s growth as it heads for its listing later this year.”