Quorum Software On Demand Accounting for Energy

Quorum Upstream On Demand Accounting is a specialized accounting solution designed for the unique needs of the Upstream Oil & Gas and Renewables Industry. Eliminate expensive and time-consuming upgrades and deployments, optimize operations performance and improve visibility and control of financial information. On Demand Accounting provides a secure and efficient platform to track financials and revenue throughout the lifecycle of exploration to distribution.

Core Capabilities

• AP Workflow: Electronically Manage all invoices, streamline, AP Processes, and ensure approvals are progressing
• Revenue Processing: Record Purchaser Checks, Review Status of Owner Revenue, Print Revenue Checks, record financials to distribute to royalty owners
• Digitized Joint Interest Billing: Divide Partner Expenses from Joint Ventures according to the specific Agreement terms; Streamline close cycles while improving data accuracy
• Authorization for Expenditures and Budgets: Prepare cost estimates, approve AFEs and Monitor all product budgets from any device.
• Division order Management: Efficiently Manage Revenue Decks, Expense Decks and Well Allocations
• Reporting & Analytics: Use the On Demand Data Hub to generate robust reports and share insights across upstream applications.
• Third-Party Integrations: Seamlessly connect with On Demand Land, Well Ops, Production Operations, Planning Space, Val Nav, Execute and other Quorum Software solutions

Technical & Operational Benefits

• Cloud-Based & Scalable: SOC 2 Type 1 & 2 compliant, with zero-downtime upgrades and flexible deployment.
• Rapid Onboarding: Designed for quick adoption with mass data import tools for acquisitions.
• Customizable Workflows: Tailor forms, fields, and processes to meet unique business needs.
• Secure & Auditable: Maintain data integrity and compliance with secure, traceable records.