Quorum's Latest Release Delivers Innovation to Midstream Companies with Enhancements to TIPS Accounting Software

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Aug 30, 2016, 08:30 ET

Quorum continues to lead the energy industry in software innovation with new persona-based solutions for midstream oil and gas, myQuorum TIPS Gathering and myQuorum TIPS Processing.

HOUSTON, Aug. 30, 2016 /PRNewswire/ -- Quorum, the industry leader in software for hydrocarbon and energy business management, today announced the latest release of its industry-leading solutions, myQuorum TIPS Gathering and myQuorum TIPS Processing. Enhancements build on the proven, 20-year track record of Quorum TIPS, the company's flagship software for midstream oil and gas companies. The recognized industry standard, Quorum TIPS manages midstream operations for more than 800 midstream assets across over 70 customers throughout North America, and the software accounts for 80% of all natural gas processed in the United States.

Powered by the myQuorum user experience platform, new capabilities help midstream companies reduce close cycle times, enhance data visibility and increase throughput volumes by addressing the specific needs of external shippers, operators, and plant accountants. This user-centric approach simplifies complex business processes using personas. myQuorum personas streamline work based on roles and responsibilities, prompting employees, and in some cases, customers, to take action using intuitive dashboards that deliver real-time information and alerts. Personas take full advantage of the underlying Quorum TIPS applications—including functionality, security and regulatory compliance.

Azure Midstream, a midstream company with a focus on owning, operating, developing and acquiring midstream energy infrastructure in core producing areas in the United States, went into production earlier this month with myQuorum TIPS Gathering and myQuorum TIPS Processing as part of its continued strategy to increase current asset utilization, pursue growth opportunities and maintain financial stability.

"myQuorum provides Azure Midstream with the integrated gathering and processing solution we need to sustain our business and future growth," said Xavier Davila, Director of IT and Technical Services at Azure Midstream. "myQuorum delivers greater mobility and usability to enable us to have simpler, more accurate close cycles and improves our overall efficiency and transaction visibility."

Quorum unveiled the new myQuorum user experience platform in February and later announced that the first co-development customer went into production in May. Today's announcement marks the latest in a series of software releases powered by myQuorum. For more information about the new myQuorum user experience platform, visit www.qbsol.com/myquorum.

About Quorum

Quorum makes innovative software for hydrocarbon and energy business management. Our platform of integrated solutions is designed with deep industry expertise using next-generation technology. It delivers advanced functionality, improved efficiency, and enhanced regulatory compliance. And it is proven to maximize profit throughout the energy value chain to drive customer success. For more information, visit www.qbsol.com.

Contact: [email protected]

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