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TIPS Gas Plant AccountingImprove Productivity through Integrated Transaction and Accounting Management
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Optimize Productivity with Complete Transaction ManagementIncrease visibility and gain complete control with Quorum TIPS, the recognized industry standard for midstream transaction management. With Quorum TIPS, gas processing plants are able to meet and exceed midstream accounting requirements and achieve:
� Flexibility with a highly configurable product that quickly adapts to changing business requirements.
� Improved accuracy and efficiency through the timely exchange of information between internal and external customers.
� Ensured compliance through audit-ready functionality. � Workforce optimization through automated processes.
Proven Performance with Unlimited AdaptabilityQuorum delivers unparalleled expertise in the midstream industry as the longstanding industry leader. Gas processing plants rely on Quorum TIPS to:
� Streamline processes by simplifying complex allocation and settlement calculations.
� Effectively manage a variety of commercial agreements and a wide range of transactions.
� Standardize business functions for multiple types of assets. � Reduce operational risk with industry-proven audit support.
More than 10,000 people streamline
their business with Quorum
80% of midstream companies rely
on Quorum
350+ gathering systems and
pipelines in North America use Quorum
Quorum has a demonstrated track record of success deploying robust, cost-effective solutions that help companies meet performance goals.
ENERGY DRIVEN BY INNOVATION
“We see the future in Quorum, and in
looking to the future, we really like the
direction that we’re headed.”Paul Puscasu
Controller AltaGas
Product Highlights
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SettlementAccommodate complex
contractual provisions with user configured and managed contract
terms and rates.
Gross Margin AnalysisMaintain financial visibility through the calculation of gross margin for
each plant, meter, contract, and producer.
AllocationsTailor allocations with user-defined plant configurations and allocation
methodologies.
Plant BalancingStandardize performance results
across all plants with plant balance and recovery reporting.
ForecastingPredict current and future
production month processing results to assist with planning.
Query & ReportingGain in-depth analysis with easy-to-use, ad-hoc reporting delivered via
the web.
Regulatory ReportingMeet local, state, and federal
agency reporting requirements such as volumetric, value, tax, and
royalty reporting.
Complete ReportingGet a complete picture with
standard reports for allocation and settlement, producer statements,
take-in-kind tracking, and plant performance.
Imbalance Management & Accounting
Track imbalances at the plant tailgate for any commodity,
comparing entitlements versus actual deliveries.
Division Order & Disbursements
Manage division order information and distributions to operators and
all applicable interest owners.
ENERGY DRIVEN BY INNOVATION
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 additional information about Quorum or to request a demo, please contact your Quorum Sales consultant or visit qbsol.com.
qbsol.com | © 2016 Quorum Business Solutions, Inc. All Rights Reserved.