Eliminate manual processes, replace outdated systems, and quickly adapt to changing market conditions by putting the user first. Quorum’s comprehensive accounting software solution helps customers across the value chain, from supermajors to startups, with financial, revenue, and cost accounting, as well as authorization for expenditure and division order management.
Centralize front-to-back office accounting with a single solution that reduces manual processes and compliance efforts
Improve management over internal production and better understand fixed costs with cross-functional, centralized dashboards that deliver actionable, timely and accurate information. Across the oil and gas value chain, CFOs and controllers leverage Quorum to ensure current operational models deliver optimal financial performance.
Ensure upstream operators and non-operators production revenue and disbursements are accurate with automation, robust reporting, and a digital audit trail. Quorum helps to streamline management and accounting for monthly produced volumes, product sales, and distribution of sales revenue to well owners.
Authorization for Expenditure
Improve budget-to-actual tracking with automated accrual generation based on spending commitments and JIB actuals. As a flexible, modern AFE software solution with web-enabled authorizations, companies can:
- Reduce approval and creation timelines
- Improve budget-to-actual accuracy and visibility
- Simplify audits with digital audit trails
Simplify time-consuming, manual financial accounting processes and improve reporting over financial health with transparent workflows and user-friendly dashboards. Quorum offers a comprehensive core financials software solution that includes general ledger, accounts payable, accounts receivable, and treasury out of the box.
Increase revenue disbursements efficiency and accuracy through division order automation and enterprise-wide transparency. As a comprehensive software solution for division of interest transactions and communications, companies can minimize risk, improve customer relationships and ensure timely delivery of revenue.
Simplify contract and counterparty management, reduce enterprise risk, and enable flexible approval processes with a solution designed specifically for the energy industry. With full-lifecycle automation, energy companies gain greater control over and complete transparency into all contractual obligations and associated business operations.
Authorization for Expenditure
See how Quorum can help mobilize AFE with user-friendly dashboards, easy-to-use tracking, and improved data accuracy
Division Order Management
Find out how to increase revenue disbursements efficiency and accuracy through division order automation and enterprise-wide transparency
Core Financials and Accounting
Learn how to simplify accounting processes and improve reporting with transparent workflows and user-friendly dashboards
Fully Integrated Software Solutions
Quorum advances the industry with an integrated software platform proven to drive customer profit throughout the energy value chain