Quorum Expands Hosted Solutions with the Addition of a New Client to the Upstream Accounting Suite
Software as a Service model makes Quorum’s software accessible to companies regardless of size
Houston – May 19, 2011. Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the first implementation of the Quorum Upstream Accounting Suite in a hosted environment.
The project took place with an E&P Client that needed a fully integrated set of software to account for recently acquired coal bed methane natural gas assets. The implementation included Quorum’s Upstream Accounting Suite which consists of solutions for revenue accounting, cost accounting (AFE, FA, JIB), financial accounting (AP, AR, GL), land management and GIS mapping, as well as the Quorum Query Module for reporting and business intelligence needs. In addition, Quorum led the data conversion efforts from the previous asset owner to the Client.
One aspect critical to the project’s success was the strict timeline in which the Client needed the system in place and fully functional. Quorum worked with the Client to develop a plan to implement the integrated solution in just three months. Quorum’s ability to deliver within the implementation timeframe provided the Client with the two month window for parallel testing they required. Go live was completed in March with the successful processing of the accounting month.
About Quorum’s Hosted Solution
Quorum’s hosted solution is a Software as a Service (SaaS) model which makes any combination of Quorum software offerings available to Clients, while reducing the time, technical expertise and cost investment typically associated with a software installation. This solution is ideal for companies that want to get a system in place quickly and easily. Additionally, it allows the Client to maintain focus on their primary business, while Quorum manages the technical infrastructure on an ongoing basis. Furthermore, implementing hosted software helps Clients control costs by providing predictable monthly expenditures and minimizing upfront investment by leveraging an existing IT infrastructure. In conjunction with the hosted software offering, Quorum also provides business process outsourcing services for companies that do not have the internal staff resources to manage their back office activities.
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 450 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.