Quorum Enhances Pipeline Transaction Management Software to Reflect NAESB 1.9 Standards
Houston – December 14, 2010. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that Quorum Pipeline Transaction Management (QPTM) is now updated to deal with the new standards found in NAESB 1.9.
Based on the revisions made in the NAESB 1.9 standards, Quorum’s natural gas pipeline transaction software has been enhanced to include the ability to support index-based capacity release and flexible delivery and receipt points. As part of this, QPTM now allows Clients the ability to give new nomination paths the same priority as previously scheduled paths, providing the paths are flowing through the same constraint point.
The new standards within NAESB 1.9 include revisions to other facets, such as Trading Partner Agreements – development of a complementary Trading Partner Worksheet, Confirmation Response Quick Responses, and the Minimum Technical Characteristics – with changes to the Informational Postings and Customer Activities web sites attributes.
The enhancements to Quorum’s pipeline transaction management software were available in advance of the November 1, 2010 deadline and the updated version is already in use by the Client base.
About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. is a software and consulting solutions company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum employs over 350 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has ongoing relationships with over 100 clients, among which 25 Fortune 500 Companies are represented. Throughout its twelve year history, Quorum has successfully completed over 400 business and information technology projects.
The Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.
For more information, visit Quorum’s web site at www.qbsol.com or call us at 713-430-8601.