Impact:ECS â€¦ Itâ€™s a Gas! Dakota Gasification Company to Implement Enterprise Cost System
21 January 2010
FOR IMMEDIATE RELEASE
Dakota Gasification Company, a subsidiary of Basin Electric Power Cooperative, is the only commercial coal-to-natural gas production facility in the United States. Each year the facility transforms six million tons of coal into 54 billion cubic feet of natural gas, 3 million cubic feet of carbon dioxide and a mix of other fertilizers, solvents, and chemicals. The company has retained 3C Software to implement its Impact:ECS Enterprise Cost System that will deliver detailed actual daily production costs for all products produced at the facility.
Along with the finance team at Dakota Gas, the 3C Software professional services team will develop cost models that will integrate with SAP, general ledger and other existing systems, to calculate both non-GAAP daily process costs and monthly results that are GAAP compliant. The project will include developing allocation methods to extrapolate results and distribute overhead costs as well as variance reporting to analyze and interpret cost results. Beyond cost calculation, the Dakota Gas team will have the ability to run â€œwhat-ifâ€ analysis based on actual data without affecting source data to improve their forecasts and overall operations decisions.
This project marks a milestone for 3C Software in the utilities industry. â€œWeâ€™ve worked in a number of industries over the years, and this opportunity to work with one of the leading natural gas providers will further demonstrate the flexibility of Impact:ECS to meet the needs of process-intensive companies,â€ stated Matthew Smith, CEO of 3C Software. â€œOur ability to deliver very specific cost modeling capabilities will give Dakota Gas the tools to calculate granular cost results for their entire production process.â€
About 3C Software
3C Software, developers of Impact:ECSâ„¢ and Impact:3CÂ®, was founded in 1989 and is a leader in detailed cost management systems for process manufacturers. Headquartered in Atlanta, Georgia, 3C Software serves clients in several manufacturing industries including automotive, textile and apparel, pulp and paper, semiconductor, chemical and rubber, and food and beverage. 3C Software’s rapidly implemented solutions work with all accounting methods, are simple to maintain, and handle unlimited calculations and variables. For more information about 3C Software, visit www.3csoftware.com or call 800-226-2036.