products:
Quorum TIPS (Gas Plant Accounting)
Product Overview
- A flexible, cost-effective solution to gas plant accounting requirements
- Designed around the concepts of instant access to plant process information as well as accounting protocols
- In production since 1993, Quorum TIPS is the preferred allocation and settlement solution for approximately 200 gas plants, or 80% of the natural gas processed in the U.S.
- Optional modules of Quorum TIPS include:
Division Order,
Disbursements,
Regulatory Reporting, and
Imbalance.
Specific Benefits
- Reduced processing and support costs
- Greater availability of information
- Standardization of accounting function across facilities
Key Functionality
- Plant Balancing: Plant balance and recovery reporting provides performance results on a standardized basis across all plants
- Physical Allocations: The user defines the plant configuration and selects from multiple theoreticals to tailor the allocations as required
- Settlement: Settlement volumes are determined independently from physical allocations to allow for contractual provisions such as fuel caps and guaranteed recoveries
- Gross Margin Analysis: Gross margin is calculated for each plant, meter, contract and producer, allowing the recognition of profitability at the various levels
- Query & Reporting: Reports include standard set of allocation and settlement reports, producer statements, take-in-kind tracking and valuations, plant performance reports, gross margin calculations and regulatory and severance tax
Optional Modules
Available either as fully integrated or stand-alone modules to TIPS
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