Houston, TX (PRWEB) July 24, 2008
Quorum Business Solutions, Inc. ("Quorum"), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the release of Quorum TIPS Gathering. Previously two distinct products, Quorum TIPS Gathering incorporates the functionality from both of the products into a single, consistent system. With Quorum TIPS Gathering, clients have the option of implementing a completely integrated solution inline with the seamless business processes of gathering gas from the wellhead and processing it straight through to the tailgate of the plant, or installing select modules to address specific needs associated with either gathering or processing assets. The new offering is the only fully integrated solution available on the market.
Quorum TIPS, Quorum's flagship solution, is the market leader for gas plant accounting solutions, managing more than 350 assets across North America and accounting for 80% of the gas processed and settled in the US. Additionally, Quorum Gathering manages the activities of dozens of gathering systems throughout the United States. Quorum TIPS Gathering is currently being installed at several new clients in addition to the number of existing clients that are already undergoing implementation.
"TIPS has been the industry standard solution for gas plant accounting for over a decade," says Perry Turbes, Vice President of Quorum. "With the integration of the Gathering module, companies will be able to more efficiently access and report on all gathering and gas plant accounting data. This will further enable them to manage profits and loss and increase operational efficiency."
Quorum TIPS Gathering efficiently manages the nominating, scheduling, imbalance, and invoicing activities associated with a gathering system, in addition to the balancing, allocating and settling associated with gas plant accounting. By standardizing these accounting procedures across operations, Quorum TIPS Gathering provides reduced financial close cycles, greater availability of information, and increased opportunities for business integration. Quorum TIPS Gathering has the further flexibility of being able to work with any combination of stand alone gathering systems, integrated plants and gathering systems, or pure gas plants.
About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. is a software and consulting solutions company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum employs over 300 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has ongoing relationships with over 90 clients, among which 25 Fortune 500 Companies are represented. Throughout its ten year history, Quorum has successfully completed over 400 business and information technology projects.
The Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.
For more information, visit Quorum's web site at http://www.qbsol.com or call us at 713-430-8601.