or call us at (713) 430-8601Over the past 11 years, Quorum has demonstrated a track record of successfully deploying efficient, cost effective solutions that help companies meet performance goals.
Transaction Systems (various) - business process
Key transactions for various industries
The Transaction Systems process is a broad category that includes key transactions for hydrocarbon accounting, royalty, gas gathering, gas processing, pipeline / LDC and marketing. Within each of these categories, a variety of transactions are conducted to support the business. For example, hydrocarbon accounting involves numerous transactional processes including contract management, accounting for production, accounting for revenue, generating payments, etc.
Transaction Systems Processes and Systems
Processes and systems to efficiently manage transactions are critical to success. Key elements include:
- Contract management
- Deal management
- Daily production / transportation volume tracking and allocation
- Creation / receipt of nominations and confirmations
- Volume imbalance management
- Inventory management , allocation, payment
- Royalty management
- Revenue management - calculation, allocation, payment
- Invoice creation
Transaction Systems Software Solutions
Quorum has experience in the Transaction Systems process 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 Transaction Systems process, including:
