Press REleases:
Enogex Signs Up For Quorum’s Contract Management Software Product
Houston, Texas – April 3rd, 2003. Quorum
Business Solutions, Inc (Quorum) announced today that Enogex,
a subsidiary of Oklahoma Gas & Electric, has selected
Quorum’s Contract Management software application.
A component of the Quorum Energy Suite, the Quorum Contract
Management software application is designed as an enterprise-wide
central contract repository that supports all contract management
business processes through the entire contract life-cycle.
Enogex is a natural gas pipeline and energy marketing company
that operates one of the nation’s 10 largest natural
gas pipeline systems with more than 10,000 miles of pipe,
13 processing plants and 23 billion cubic feet of gas storage,
principally in Oklahoma and Arkansas. Enogex required the
ability to capture detailed contract information and store
that information in a centralized repository to facilitate
the management of contracts across the enterprise. The company
selected Quorum’s solution on the strength of the product’s
functionality and overall flexibility. Quorum’s industry
expertise, delivery track record and overall customer and
product support model were also cited as factors in the decision.
Quorum is currently implementing the system targeting an
overall completion date in September 2003, although some
key business functions will be completed as early as April
2003.
“Quorum’s Contract Management software
application is finding broad acceptance as the solution of
choice for
enterprise contract management,” said Mr. Paul Weidman,
President of Quorum Business Solutions, Inc. “Enogex
recognizes that there are significant achievable business
benefits to be obtained from implementing this type of system
that allows centralized management of contract information
across multiple legacy applications and for multiple assets”.
Enogex becomes the third company to license
Quorum Contract Management in as many months following previous
announcements
of licensing arrangements with two other energy companies.
With increased industry emphasis on counter party credit
management and corporate governance, contract management
has become a central issue for all energy companies. Quorum
has been quick to recognize the issue and bring to market
a comprehensive software solution that meets that need.
About Quorum Business Solutions,
Inc.
Quorum Business Solutions, Inc. is a product
centered services company that develops and supports industry
standard applications
across a wide range of businesses. Quorum works closely
with clients building long-term relationships: developing,
delivering and supporting cost effective business solutions.
Quorum is committed to providing the right people, expertise
and tools to deliver successful solutions its clients can
count on. Founded in 1998, Quorum now has over 120 staff
operating out of offices in Houston, Dallas, and Calgary.
Quorum
provides the Quorum Energy Suite, a set of software applications
for the energy industry that includes TIPS (Plant
/ Facility Accounting), the de facto industry standard solution
for gas plant accounting. Quorum’s energy industry
product offerings are specifically designed for companies
that produce, gather, transport, process and market natural
gas and other energy commodities. The company has an extensive
client base and a strong reputation for delivering cost-effective
solutions.
For more information, visit Quorum’s web
site at www.qbsol.com or call us at 713-430-8601.
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