Cost accounting that reduces manual processes with digital, automated workflows and records
Simplify Compliance and Reporting Efforts
Tackle compliance, governance and reporting requirements with a robust tool set built to adapt easily to an ever evolving and increasingly complex energy regulatory environment. Quorum cost accounting is SOX compliant out of the box and natively supports multi-jurisdictional regulations.
With integrations into core financials, revenue accounting, master data and division order, reporting is easy and more accurate, reducing the number and severity of prior period adjustments.
Improve Operational Efficiency
Reduce manual work and streamline back-office processes with fully digitized joint interest billing, automated physical inventory tracking, centralized data, and user-friendly dashboards, like the lease operation statement dashboard.
For added efficiency integrate with:
- Master data, including business associates and Division of Interest
- Core financials, specifically the general ledger
- Revenue accounting
Scale for Future Growth
Scale to meet the cost accounting needs of any size organization with robust financial and capital forecasting and proven data management and security capabilities. Additionally, centralizing and digitizing cost accounting eliminates manual processes and data maintenance, which improves data quality and visibility across the organization.
Ensure operations deliver optimal financial performance, meet regulatory compliance, and decisions made with timely, accurate information
August 26, 2016
Core Financials and Accounting
Learn how to simplify accounting processes and improve reporting with transparent workflows and user-friendly dashboards
June 23, 2016
myQuorum User Experience Platform
See how Quorum helps tackle today’s biggest challenges with myQuorum, the industry’s first persona-based user experience platform
August 26, 2016
Authorization for Expenditure
See how Quorum can help mobilize AFE with user-friendly dashboards, easy-to-use tracking, and improved data accuracy