Unite oil and gas accounting operations.
Gain a single view into capital expenditures, partner transactions, royalty payments, and profitability activity across the entire energy value chain.
Rely on purpose-built accounting for energy companies.
Why use generic software when you can entrust your business to purpose-built accounting for energy companies? With 20 years of industry experience, Quorum understands your business like no one else.
Features
Unite operations with integrated, end-to-end energy accounting across the entire energy value chain.
Revenue Accounting
Automatically calculate and distribute values, taxes, and adjustments to owners.
+ Learn More
Revenue Accounting
Automate your production accounting and get the speed and accuracy you need to maintain compliant and efficient operations with automated cheque processing, adjustment processing, and valuation.
Apply pricing to volumes
- Calculate adjustments
- Calculate crown, freehold, and GOR royalties
- Value sales and non-sales dispositions
Process third-party payments
- Automate accruals and distribution of third party fees
- Automate distribution of miscellaneous charges
- Automate cheque or EFT payments
Simplify your close cycles
- Automate PPA processing
- Automate process and off-system calculations
- Automate revenue valuation and distribution
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Division Order
Maintain ownership within a property using the full title DOI and track changes over time with effective-dated history.
+ Learn More
Division Order
Rethink the way you maintain property ownership with Quorum. Use Division of Interest (DOI) to establish and maintain working interests and royalites, and account for special owner distribution and exemption scenarios.
Simplify DOI maintenance
- Automate stakeholder changes
- Track complete DOI history
- Establish DOI workflow for control
View complete owner-level history
- Online as-of-date information
- Isolate and identify owner-level changes
- Maintain audit traceability and record accuracy
Import and copy DOIs
- Enter, copy and paste, or upload DOI data
- Create new DOIs from existing ones
- Load thousands of DOIs or spreadsheets
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Efficiently manage production revenue disbursements through process automation.
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Cost Accounting
Manage assets, capital expenditures, monitor and approve project budgets, track and bill partners, and view well profitability.
+ Learn More
Cost Accounting
Improve the profitability of your operations and get the tools you need to set and track costs across projects, including partner-related expenses. Quourm has fully-integrated Financial and Revenue Accounting features to give you a powerful, unified solution.
Control project costs
- Access and approve AFEs from any device
- Create custom workflows based on project needs
- Monitor budget and approvals from your dashboard
Invoice partner expenses
- Generate JV partner billing statements
- Track and process JV partner invoices
- Improve month-end closing processes
Manage assets and expenditures
- Capture eligible capital expeditures by asset
- Automate deprecation depletion calculations
- View and identify trends in well profitability
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Unite accounting operations with a single source of truth.
Rely on Quorum BPO for all of your accounting and reporting needs.
Authorization for Expenditure
Prepare cost estimates, approve AFEs, and monitor project budgets.
+ Learn More
Authorization for Expenditure (AFE)
Transform your accounting operations, while accessing and approving AFEs anywhere, at anytime, from any device. Simplify, streamline, and unite back-office processes with field operations. Get the information you need faster and in fewer clicks, so you can deliver better financial results.
AFE On Demand is now available
Are you just getting started? Explore myQuorum AFE On Demand, cloud-based AFE for small energy businesses.
AFEs accessible by all functions
- Approve AFEs faster and keep projects on schedule
- Access AFEs from your smartphone, tablet, or computer
- Access inside or outside of the corporate network
- Enforce strong security controls
Build custom approval workflows
- Determine approval workflow per project
- Reuse common roles, desks, and routes
- Email enabled notifications
Easily track and manage AFEs
- View the status of all AFEs from your workspace
- Manage supplemental and revision amendments
- Include multiple cost centers on a single AFE
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Transform accounting operations by simplifying, streamlining, and uniting back-office processes with field operations.
Approve, track, and audit AFEs and budgets anytime, anywhere, and from any device.
Joint Interest Billing
Monitor shared profits and expenses over the course of a project, and compile automated billing statements for partners.
+ Learn More
Joint Interest Billing
Streamline your joint venture operations and partnerships. Quorum enables you to account and bill for shared expenses and profits down to the well level. The system is fully integrated with Financial and Revenue Accounting to help ensure you remain audit-ready.
Bill partners for expenses
- Allocate gross costs for billing and internal net calculations
- Distribute accumulated costs to well level
- Generate monthly billing statements
Automate cost creation
- Generate and bill overhead entries
- Calculate and bill vehicle mileage to partners
- Recoup compressor costs from partners
Improve monthly closing
- Reduce procedural errors and rebills
- Automate billing and tracking procedures
- Digitize partner expense tracking
Integrate accounting sytems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and reporting
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Rely on Quorum BPO for all of your accounting and reporting needs.
Financial Accounting
Integrate G/L, AP and AR with other accounting functions for a powerful combined single-source accounting solution.
+ Learn More
Financial Accounting
Unite your accounting operations into a powerful, combined solution. Quorum allows you to easily digitize your general accounting processes and workflows while improving efficiency and transparency.
Process vendor invoices
- Receive, enter, and pay invoices
- Build and customize invoice approval workflows
- View workspace to track invoices
Bill invoices and receive payments
- Track invoices
- Apply partner payments
- Create and send manual invoices as needed
Input and reconcile transactions
- Digitize your GL
- Reconcile bank statements with all cash transactions
- Automate inventory valuation and control
- Stage closing process by user role
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Rely on Quorum BPO for all of your accounting and reporting needs.
Reporting & Compliance
Generate built-in, ad hoc, or custom reports to view and present financial and regulatory data to stakeholders and other groups.
+ Learn More
Reporting & Compliance
Unleash the power of Quorum’s reporting and compliance on your financial data. View and present the information you want exactly how you want it with your choice of reporting tool or take advantage of our standard reporting library. Track projects and owner history from start to finish to ensure compliance. Your data. Your choice.
Generate key financial reports
- Generate Trial Balances, Income Statements, Balance Sheets, etc.
- Improve close-cycle management through monthly tracking
- Customize reports
Stay compliant with reporting
- Reduce the number and severity of rebills
- Access audit history for all transactions
- Get standard tax, regulatory, and royalty reports (direct interface to Petrinex)
Make decisions quickly
- Use a built-in reporting library
- Create reports on-the-fly
- Schedule and distribute reports automatically
Build reports with any tool
- Specify data, output, and delivery
- Pull data from multiple applications
- Bring your own tool for custom reports
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Rely on Quorum BPO for all of your accounting and reporting needs.
Benefits
Calculate and control project costs from any device. Real-time budgeting and reports help you manage current and plan future projects and partnerships.
- Track Dollars from Exploration to Distribution
- Work Faster Without Sacrificing Quality or Compliance
- Maximize Your Partnerships
- Pull Reports When and How You Want Them
- Use One Vendor for All Your Accounting Operations
Track dollars from exploration to distribution
Every dollar counts. Our software helps you predict and report project and company profitability. Control spending by setting budget limits and monitoring spend as well as manage assets and inventory, maximizing your bottom line – from any device.
Work faster without sacrificing quality or compliance
Modernize your accounting operations. myQuorum Accounting automates key pieces of your close processes such as cheque processing, rebills, valuation and distribution, workflows, and more. It reduces input errors and increases compliance, giving you confidence in the quality of your data.
Maximize your partnerships
Engage in profitable joint ventures and partnerships. myQuorum Accounting functionality, including Joint Interest Billing (JIB), helps you drill into JV activity, ensuring that you properly billed and received payment for shared costs.
Pull reports when and how you want them
Create and present financial reports in any format. Use ad hoc, custom, or standard reports to view the status of your operations, prepare monthly or annual reports, determine future E&P activity, and more.
Use one vendor for all your accounting operations
Replace your myriad of systems and spreadsheets. myQuorum Accounting gives you one platform and vendor to manage all your accounting operations from AFEs to DOI transfers to financial statements—and its built specifically for oil and gas.
Track dollars from exploration to distribution
Every dollar counts. Our software helps you predict and report project and company profitability. Control spending by setting budget limits and monitoring spend as well as manage assets and inventory, maximizing your bottom line – from any device.
Work faster without sacrificing quality or compliance
Modernize your accounting operations. myQuorum Accounting automates key pieces of your close processes such as cheque processing, rebills, valuation and distribution, workflows, and more. It reduces input errors and increases compliance, giving you confidence in the quality of your data.
Maximize your partnerships
Engage in profitable joint ventures and partnerships. myQuorum Accounting functionality, including Joint Interest Billing (JIB), helps you drill into JV activity, ensuring that you properly billed and received payment for shared costs.
Pull reports when and how you want them
Create and present financial reports in any format. Use ad hoc, custom, or standard reports to view the status of your operations, prepare monthly or annual reports, determine future E&P activity, and more.
Use one vendor for all your accounting operations
Replace your myriad of systems and spreadsheets. myQuorum Accounting gives you one platform and vendor to manage all your accounting operations from AFEs to DOI transfers to financial statements—and its built specifically for oil and gas.
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Watch the webinarWe power it all with a purpose-built platform.
myQuorum is the industry-leading, cloud-based, software platform empowering companies to meet their long-term goals. It uses familiar Microsoft technologies; enables enterprise integration; drives faster deployment; and gives you access to clean, consistent, and consumable data; so you can:
Make decisions faster and confidently.
Collaborate more effectively.
Empower your users.
Lower your IT overhead.
Reduce workforce transition costs.
Unite operations with integrated, end-to-end energy accounting across the entire energy value chain.
Revenue Accounting
Automatically calculate and distribute values, taxes, and adjustments to owners.
+ Learn More
Revenue Accounting
Automate your production accounting and get the speed and accuracy you need to maintain compliant and efficient operations with automated cheque processing, adjustment processing, and valuation.
Apply pricing to volumes
- Calculate adjustments
- Calculate crown, freehold, and GOR royalties
- Value sales and non-sales dispositions
Process third-party payments
- Automate accruals and distribution of third party fees
- Automate distribution of miscellaneous charges
- Automate cheque or EFT payments
Simplify your close cycles
- Automate PPA processing
- Automate process and off-system calculations
- Automate revenue valuation and distribution
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Division Order
Maintain ownership within a property using the full title DOI and track changes over time with effective-dated history.
+ Learn More
Division Order
Rethink the way you maintain property ownership with Quorum. Use Division of Interest (DOI) to establish and maintain working interests and royalites, and account for special owner distribution and exemption scenarios.
Simplify DOI maintenance
- Automate stakeholder changes
- Track complete DOI history
- Establish DOI workflow for control
View complete owner-level history
- Online as-of-date information
- Isolate and identify owner-level changes
- Maintain audit traceability and record accuracy
Import and copy DOIs
- Enter, copy and paste, or upload DOI data
- Create new DOIs from existing ones
- Load thousands of DOIs or spreadsheets
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Efficiently manage production revenue disbursements through process automation.
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Cost Accounting
Manage assets, capital expenditures, monitor and approve project budgets, track and bill partners, and view well profitability.
+ Learn More
Cost Accounting
Improve the profitability of your operations and get the tools you need to set and track costs across projects, including partner-related expenses. Quourm has fully-integrated Financial and Revenue Accounting features to give you a powerful, unified solution.
Control project costs
- Access and approve AFEs from any device
- Create custom workflows based on project needs
- Monitor budget and approvals from your dashboard
Invoice partner expenses
- Generate JV partner billing statements
- Track and process JV partner invoices
- Improve month-end closing processes
Manage assets and expenditures
- Capture eligible capital expeditures by asset
- Automate deprecation depletion calculations
- View and identify trends in well profitability
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Unite accounting operations with a single source of truth.
Rely on Quorum BPO for all of your accounting and reporting needs.
Authorization for Expenditure
Prepare cost estimates, approve AFEs, and monitor project budgets.
+ Learn More
Authorization for Expenditure (AFE)
Transform your accounting operations, while accessing and approving AFEs anywhere, at anytime, from any device. Simplify, streamline, and unite back-office processes with field operations. Get the information you need faster and in fewer clicks, so you can deliver better financial results.
AFE On Demand is now available
Are you just getting started? Explore myQuorum AFE On Demand, cloud-based AFE for small energy businesses.
AFEs accessible by all functions
- Approve AFEs faster and keep projects on schedule
- Access AFEs from your smartphone, tablet, or computer
- Access inside or outside of the corporate network
- Enforce strong security controls
Build custom approval workflows
- Determine approval workflow per project
- Reuse common roles, desks, and routes
- Email enabled notifications
Easily track and manage AFEs
- View the status of all AFEs from your workspace
- Manage supplemental and revision amendments
- Include multiple cost centers on a single AFE
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Transform accounting operations by simplifying, streamlining, and uniting back-office processes with field operations.
Approve, track, and audit AFEs and budgets anytime, anywhere, and from any device.
Joint Interest Billing
Monitor shared profits and expenses over the course of a project, and compile automated billing statements for partners.
+ Learn More
Joint Interest Billing
Streamline your joint venture operations and partnerships. Quorum enables you to account and bill for shared expenses and profits down to the well level. The system is fully integrated with Financial and Revenue Accounting to help ensure you remain audit-ready.
Bill partners for expenses
- Allocate gross costs for billing and internal net calculations
- Distribute accumulated costs to well level
- Generate monthly billing statements
Automate cost creation
- Generate and bill overhead entries
- Calculate and bill vehicle mileage to partners
- Recoup compressor costs from partners
Improve monthly closing
- Reduce procedural errors and rebills
- Automate billing and tracking procedures
- Digitize partner expense tracking
Integrate accounting sytems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and reporting
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Rely on Quorum BPO for all of your accounting and reporting needs.
Financial Accounting
Integrate G/L, AP and AR with other accounting functions for a powerful combined single-source accounting solution.
+ Learn More
Financial Accounting
Unite your accounting operations into a powerful, combined solution. Quorum allows you to easily digitize your general accounting processes and workflows while improving efficiency and transparency.
Process vendor invoices
- Receive, enter, and pay invoices
- Build and customize invoice approval workflows
- View workspace to track invoices
Bill invoices and receive payments
- Track invoices
- Apply partner payments
- Create and send manual invoices as needed
Input and reconcile transactions
- Digitize your GL
- Reconcile bank statements with all cash transactions
- Automate inventory valuation and control
- Stage closing process by user role
Integrate accounting systems
- Utilize single source for Cost, Financial, and Revenue Accounting
- Increase operational efficiency
- Simplify compliance efforts and improve accuracy
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Rely on Quorum BPO for all of your accounting and reporting needs.
Reporting & Compliance
Generate built-in, ad hoc, or custom reports to view and present financial and regulatory data to stakeholders and other groups.
+ Learn More
Reporting & Compliance
Unleash the power of Quorum’s reporting and compliance on your financial data. View and present the information you want exactly how you want it with your choice of reporting tool or take advantage of our standard reporting library. Track projects and owner history from start to finish to ensure compliance. Your data. Your choice.
Generate key financial reports
- Generate Trial Balances, Income Statements, Balance Sheets, etc.
- Improve close-cycle management through monthly tracking
- Customize reports
Stay compliant with reporting
- Reduce the number and severity of rebills
- Access audit history for all transactions
- Get standard tax, regulatory, and royalty reports (direct interface to Petrinex)
Make decisions quickly
- Use a built-in reporting library
- Create reports on-the-fly
- Schedule and distribute reports automatically
Build reports with any tool
- Specify data, output, and delivery
- Pull data from multiple applications
- Bring your own tool for custom reports
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Rely on Quorum BPO for all of your accounting and reporting needs.
Benefits
Calculate and control project costs from any device. Real-time budgeting and reports help you manage current and plan future projects and partnerships.
- Track Dollars from Exploration to Distribution
- Work Faster Without Sacrificing Quality or Compliance
- Maximize Your Partnerships
- Pull Reports When and How You Want Them
- Use One Vendor for All Your Accounting Operations
Track dollars from exploration to distribution
Every dollar counts. Our software helps you predict and report project and company profitability. Control spending by setting budget limits and monitoring spend as well as manage assets and inventory, maximizing your bottom line – from any device.
Work faster without sacrificing quality or compliance
Modernize your accounting operations. myQuorum Accounting automates key pieces of your close processes such as cheque processing, rebills, valuation and distribution, workflows, and more. It reduces input errors and increases compliance, giving you confidence in the quality of your data.
Maximize your partnerships
Engage in profitable joint ventures and partnerships. myQuorum Accounting functionality, including Joint Interest Billing (JIB), helps you drill into JV activity, ensuring that you properly billed and received payment for shared costs.
Pull reports when and how you want them
Create and present financial reports in any format. Use ad hoc, custom, or standard reports to view the status of your operations, prepare monthly or annual reports, determine future E&P activity, and more.
Use one vendor for all your accounting operations
Replace your myriad of systems and spreadsheets. myQuorum Accounting gives you one platform and vendor to manage all your accounting operations from AFEs to DOI transfers to financial statements—and its built specifically for oil and gas.
Track dollars from exploration to distribution
Every dollar counts. Our software helps you predict and report project and company profitability. Control spending by setting budget limits and monitoring spend as well as manage assets and inventory, maximizing your bottom line – from any device.
Work faster without sacrificing quality or compliance
Modernize your accounting operations. myQuorum Accounting automates key pieces of your close processes such as cheque processing, rebills, valuation and distribution, workflows, and more. It reduces input errors and increases compliance, giving you confidence in the quality of your data.
Maximize your partnerships
Engage in profitable joint ventures and partnerships. myQuorum Accounting functionality, including Joint Interest Billing (JIB), helps you drill into JV activity, ensuring that you properly billed and received payment for shared costs.
Pull reports when and how you want them
Create and present financial reports in any format. Use ad hoc, custom, or standard reports to view the status of your operations, prepare monthly or annual reports, determine future E&P activity, and more.
Use one vendor for all your accounting operations
Replace your myriad of systems and spreadsheets. myQuorum Accounting gives you one platform and vendor to manage all your accounting operations from AFEs to DOI transfers to financial statements—and its built specifically for oil and gas.
Discover why mobility matters to your business and see myQuorum AFE in action via an example scenario and brief demo.
Watch the webinarWe power it all with a purpose-built platform.
myQuorum is the industry-leading, cloud-based, software platform empowering companies to meet their long-term goals. It uses familiar Microsoft technologies; enables enterprise integration; drives faster deployment; and gives you access to clean, consistent, and consumable data; so you can:
Make decisions faster and confidently.
Collaborate more effectively.
Empower your users.
Lower your IT overhead.
Reduce workforce transition costs.
Enhance efficiency. Mitigate risk. Improve your bottom line.
From exploration to distribution, Quorum transforms every step of the energy value chain.
Exploration
Trust a single source for data accuracy and real-time insights. Manage the entire lifecycle of assets, from GIS mapping to mobile lease acquisition and web-based lease management.
-
Land Management
-
Reserves & Economics
-
Accounting
Drilling & Production
Accelerate decision making with a single source of truth. Connect the field to the back office for accurate production data, captured in the field and optimized in the cloud.
-
Land Management
-
Reserves & Economics
-
Accounting
-
Well Lifecycle Reporting
-
Production Operations
Gathering & Processing
Achieve operational excellence and maximize revenue. Manage complex allocation and settlement terms to minimize monthly close cycles and increase capacity utilization.
-
Gathering
-
Plant Accounting
-
Accounting
Transportation
Plan, monitor, and execute the transportation of natural gas and liquids. Rely on a single platform to eliminate manual processes, improve scheduling, and optimize inventory.
-
Transportation & Storage
-
Energy Marketing
-
Accounting
-
Land Management
Distribution
Make quicker, more informed decisions to simplify supply and distribution operations. Gain a competitive edge with visibility into market impact on risk, supply, credit, and settlements.
-
Supply & Distribution
-
Production Operations
-
Energy Marketing
-
Land Management
Exploration
Trust a single source for data accuracy and real-time insights. Manage the entire lifecycle of assets, from GIS mapping to mobile lease acquisition and web-based lease management.
Drilling & Production
Accelerate decision making with a single source of truth. Connect the field to the back office for accurate production data, captured in the field and optimized in the cloud.
Gathering & Processing
Achieve operational excellence and maximize revenue. Manage complex allocation and settlement terms to minimize monthly close cycles and increase capacity utilization.
Transportation
Plan, monitor, and execute the transportation of natural gas and liquids. Rely on a single platform to eliminate manual processes, improve scheduling, and optimize inventory.
Distribution
Make quicker, more informed decisions to simplify supply and distribution operations. Gain a competitive edge with visibility into market impact on risk, supply, credit, and settlements.
Start your company’s next evolution.
Talk to our sales team to explore why Quorum is right for your energy business.