Software for natural gas pipeline operators to manage business transactions with shippers - including contracts, nominations, scheduling, balancing, invoicing and accounting
Quorum Pipeline Transaction Management (QPTM)™ is a software solution designed to manage the entire set of interrelated business processes to support completing transactions between pipelines and their shippers. Addresses all configurations - pipelines that transport gas for third party shippers, pipelines that act as a merchants utilizing the assets for their own buy/sell needs, or combinations of both.
- Supports regulated interstate pipelines (FERC / NAESB 1.9) - also applicable to intrastate pipelines, local distribution companies (LDCs), natural gas storage facilities and gas gathering systems
- Comprehensive system includes contracts, nominations, scheduling, volume management, settlement (invoicing), and accounting
- Manage wide range of transaction types including, transportation, storage, parking and lending, and balancing
- Includes web-based tools (Customer Activities Website) for shippers and operators to interact directly with the pipeline
Quorum Pipeline Transaction Management
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Input Data
- Counterparties
- Meters / locations
- Measurement
- Tariffs & index prices
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Information Managed
- Contract terms (locations, quantities, agents, settlement provisions)
- Pipeline segments & location groups
- Rates & pricing
- Nominations
- Customer imbalance & storage accounts
- Physical facility inventory accounts
- Prior period adjustments
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Processes
- Contract / request approval
- Nomination validation & submission
- Confirmations
- Capacity allocation & scheduling
- Capacity release
- Allocations & inventory management
- Imbalance trading
- Invoice generation
- Prior period tracking & approval
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Deliverables
- Scheduled quantities to shippers & operators
- Invoice to shipper
- Alerts & notifications
- Standard reports
- Regulatory reports
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Output Data
- Informational posting to website
- EDI datasets to shippers & operators
- Journal entries to ERP system
- Ad-hoc inquiries
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Customer Activity Website (CAW)
FERC / NAESB compliant web-enabled solution for shippers and point operators to interact directly with the pipeline.
Provides the same functionality and reporting tools used by internal users, with built-in security to allow external users
to manage their own business.
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Why Quorum Pipeline Transaction Management?
- Proven performance to process large transaction volumes on a timely basis within established deadlines
- Proven scalability - in use by large interstate pipelines as well as smaller regional systems
- Versatile - configurable to manage interstate pipelines, intrastates, gathering, storage facilities and LDCs
- Supports FERC / NAESB regulated pipelines
- Supports NAESB pathing models
- Supports multiple intra-day nomination cycles
- Data sensitive master data allows facility operators to manage scheduling and accounting activities in parallel
- Sophisticated Customer Activity Website (CAW) - provides same functionality and reporting tools used by internal users, with built-in security to allow external users to manage their own business
- Multiple methods for shippers to submit nominations, including Customer Activities Website (CAW), spreadsheet upload and NAESB compliant EDI
- Nomination maintenance feature for easy modification of standing nominations
- Monthly nomination rollover feature to minimize effort for similar recurring nominations
- Automatic real-time recalculation of totals as modifications are made to nominations, confirmations, allocations, etc.
- Automated prior period adjustments (PPAs)
- Automated request for service process for paperless contracting with shippers
- Automated feed of data to pipeline's informational posting website
- Configurable flexible allocation engine, including pre-determined allocations (PDAs)
- Graphical representation of overall physical pipeline configuration, including drill down by segment
- Integrity of design ensures control compliance and support for audit
- Support for variety of pre-configured and ad-hoc reports, as well as business intelligence
- Support for integration into other relevant systems, including general ledger (GL)
- A component of Quorum's enterprise wide energy software solution portfolio - can be deployed stand-alone or integrated with other enterprise solutions
Quorum Pipeline Transaction Management is used by various oil and gas industry participants (large and small) in several sectors across the oil and gas, renewable energy and natural resource value chain.
Pipeline transaction management is a key function of the Transaction Systems business process. Quorum provides other software solutions to support this and other related business processes.
Contact Quorum Business Solutions to learn more about the Quorum Pipeline Transaction Management software solution.
