NGL Supply Awards Contract for Quorum Liquids Marketing and Financial Software
Houston – July 12, 2005. Quorum Business Solutions, Inc. (Quorum), a leading provider of software solutions and consulting services to the oil and gas industry, has been awarded a contract by NGL Supply, Inc. to deploy the Quorum Liquids Marketing and Quorum Core Financials (GL, AR and AP) software products. The two software products will be deployed on an integrated basis.
“As we began our selection process to find a software vendor to partner with, one of our main objectives was to find a system that provided a totally integrated solution to our business requirements. Quorum offered just that with their liquids marketing and core financials modules. Efficiency, accuracy, and information on demand are necessities of our business today and we feel Quorum will help us to achieve these goals while positioning NGL Supply for future growth,” said Craig Jones, Chief Financial Officer of NGL Supply, Inc.
NGL Supply, Inc., a leading supplier of propane and other natural gas liquids in the Midwest, Gulf Coast and Northeast of the United States, serves over 800 customers in 23 states and provides approximately 27 million barrels of propane annually to multi-state marketers and petrochemical manufacturers.
Quorum Liquids Marketing is an integrated contracting and contract administration, scheduling, accounting and risk management software solution for natural gas liquids (NGL) trading and marketing. The software tracks and manages both physical and financial transactions providing real-time position management and analysis for traders, schedulers, and credit/risk managers.
Quorum Core Financials is financial accounting software designed specifically for energy companies, including General Ledger, Accounts Payable and Accounts Receivable. Key functions include payments, receipts, journal entries, online query and reporting, internal transactional control, and workflow.
About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. is a product-centered consulting company that designs, develops, implements, and supports business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum now has over 170 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has over 40 clients, among which 25 Fortune 500 companies are represented.
Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market natural gas and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing from wellhead to burner tip. The Quorum Upstream Suite includes products for land & lease management, integrated mapping/GIS, production & revenue accounting, core financials (GL, AP, AR), cost accounting (JIB, AFE, FA), division order, volume management, and gas marketing. The Quorum Midstream Suite includes TIPS , the de facto industry standard solution for gas plant accounting, and products for measurement, division order & disbursements, gathering management, liquids marketing, and enterprise contract management. The Quorum Pipeline Suite includes products for pipeline transaction management, pipeline integrity management, and right-of-way management.
For more information, visit Quorum’s web site at www.qbsol.com or call 713-430-8601.