Oil & Gas Accounting

Streamline accounting and finance to make operations more efficient and agile

 

Eliminate manual processes, replace outdated systems, and quickly adapt to changing market conditions by putting the user first. Quorum’s comprehensive oil and gas 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.

myQuorum AFE Webinar

Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo

Applications

Centralize front-to-back office accounting with a single solution that reduces manual processes and compliance efforts

Cost Accounting

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.

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Revenue Accounting

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.

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Authorization for Expenditure

Enjoy the convenience of a truly mobile AFE solution that fits into your workflow by approving AFEs anywhere and anytime:

  • View, track, and approve AFEs on any device
  • Streamline approval and creation timelines
  • Improve budget-to-actual accuracy and visibility
  • See all your actions items in one place, one view

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Core Financials

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.

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Division Order

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.

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Energy Contracts

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.

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Drive agile and efficient operations with an end-to-end oil and gas accounting software solution that enables greater user productivity, eases compliance, improves reporting and data accuracy, and delivers transparency.


Resources

Product Overviews

May 05, 2016

myQuorum AFE

Mobilize your workforce with myQuorum AFE, enabling you to approve, track, and audit AFEs and budgets anytime, anywhere, and from any device

Product Overviews

August 26, 2016

Division Order Management

Find out how to increase revenue disbursements efficiency and accuracy through division order automation and enterprise-wide transparency

Product Overviews

August 26, 2016

myQuorum Accounting

Learn how to simplify accounting processes and improve reporting with transparent workflows and user-friendly dashboards


Fully Integrated Oil & Gas Software Solutions

Quorum advances the industry with an integrated software platform proven to drive customer profit throughout the energy value chain

 

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