Quorum Royalty Management™ - Software Solution

Software to manage royalty accounting and distribution of royalty payments for production to royalty owners

• Applicable to variety of royalty owners in non-E&P industry sectors, including wind generation, mining, forestry, solar, etc. (for royalty management in the oil and gas industry, see Quorum Production Revenue Accounting)
• Manage the entire royalty management life cycle
• Accommodates variety of production inputs and royalty deal structures, including megawatts, KWH, tonnage, etc.
• Checks can be generated from the system with accompanying check detail
• Support for control compliance and audit (incl. SOX) via detailed transaction tracking and audit history
• Can be deployed stand-alone or integrated with enterprise systems, including financial accounting and production reporting, by Quorum, SAP and others

Why Quorum Royalty Management? 

• Robust configurable formula engine allows for intuitive entry and calculation of complex royalty terms (e.g. multiple product types, multiple units of measure)
• Accommodates complex contract terms, including those that change over time (e.g. scheduled increases, inflation, escalation)
• Multiple configurable payment cycles
• Multiple payment options - check, wire transfer or ACH
• Check write with automated escheat and escrow functions
• Automated prior period adjustments (PPAs)
• 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)
• Production or energy quantities maintained for reporting
• Formula creation options for complex royalty owner
• Contract payment terms
• Renewable energy credits accounted for
• A component of Quorum's enterprise wide energy software solution portfolio - can be deployed stand-alone or integrated with other enterprise solutions
  
  

Quorum Royalty Management is used by various industry participants (large and small) in several sectors across the oil and gas, renewable energy and natural resource value chain.