Calgary, AB (PRWEB) March 18, 2010
Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the completion of the Quorum TIPS implementation at one of Canada's largest midstream operators to manage their production accounting activities.
"The selection of Quorum TIPS by another major Canadian midstream operator is further evidence of Quorum's established position in providing proven production accounting solutions to the Canadian oil and gas market," says Eric Hazeldine, Vice President of Quorum Canada. "As Quorum's flagship solution, Quorum TIPS now processes and manages output for over 100 gas processing facilities across Canada, including some of the most complex."
The project included placing all of the company's plants and facilities onto a single production accounting system, Quorum TIPS. Quorum TIPS provides functionality to handle field and plant allocations, revenue recognition, royalties, fees and invoicing, regulatory reporting, producer reporting, marketer reporting and pipeline reporting. By standardizing accounting procedures across operations, the company will reduce close cycles and more tightly integrate their business.
The project, which was completed in April 2009, consisted of Quorum TIPS, Quorum Contract Management, and the Quorum Query & Reporting module.
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 350 staff operating out of offices in Calgary, Houston, and Dallas. Quorum has ongoing relationships with over 100 clients, among which 25 Fortune 500 Companies are represented.
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 403-668-4332.