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Quorum's Accounting Offerings

Quorum offers a host of enterprise-wide solutions for oil & gas accounting. In addition to Quorum TIPS Gathering, the industry standard for gas gathering, processing and plant accounting, Quorum's solution set includes the Quorum Upstream Suite. The Upstream Suite addresses the full spectrum of E&P activities, including Production Revenue Accounting, Division Order, Gas Marketing, Authorization for Expenditure (AFE), Joint Interest Billing (JIB), Fixed Assets (FA), Financial Accounting (GL, AP, AR), Land Management and GIS.
 
The Upstream Suite is an integrated solution that allows data mapping across cost activities for better and faster decision making and reduced administrative costs.  It utilizes the latest Microsoft .NET and database technologies and has fully scalable applications that enable oil & gas companies to manage growth without comparable increases in operational or administrative costs.
 
In conjunction with all of our accounting offerings, Quorum provides a variety of business intelligence solutions and services to help Client organizations make timely, well informed decisions.
 

Software Solutions

Quorum has experience in design, implementation and support of configurable, sustainable, scalable information technology solutions to manage business activities efficiently and cost effectively. In addition to consulting services, we provide a full range of software solutions specific to the oil and gas sector, including:
 
                     
    

Quorum Enterprise-wide Software Portfolio for Accounting
                   
      Exploration   Development   Production   Marketing
                   
      Capital Budget & Management (AFE)     AFE (w/ electronic workflow approval)    
    Capital Budget Tracking    
                   
  Land / Property Management    Land Management    
    Land Acquisition    
                   
  Gas Plant Accounting           TIPS Gas Plant Accounting and Allocation    
                   
  Transaction Systems
  • Hydro-carbon
  • Marketing
  • Royalty
          Production Revenue Accounting   Gas Marketing
              Liquids (NGL) Marketing
                   
  Contract Administra-tion   Contract Management (enterprise-wide)
                   
  Financial Accounting   Financial Accounting (GL, AP, AR)
                   
  Fixed Asset Accounting   Fixed Asset & Depreciation (DD&A) Accounting    
    Equipment Inventory Management & Accounting    
                   
  Joint Venture / Owner Accounting   Joint Interest Billing (JIB) / Joint Venture Accounting    
 
                   
  Marketing Management               Gas Marketing
                Liquids (NGL) Marketing
                   
  GIS / Mapping   Geospatial Information System (GIS)  
                   
  Reporting & Business Intelligence   Multi Dimensional Reporting Solution