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TIPS Gas Plant Accounting Improve Productivity through Integrated Transaction and Accounting Management

TIPS Gas Plant Accounting - Quorum Software · TIPS Gas Plant Accounting Improve Productivity through Integrated Transaction and ... management. With Quorum TIPS, gas processing plants

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Page 1: TIPS Gas Plant Accounting - Quorum Software · TIPS Gas Plant Accounting Improve Productivity through Integrated Transaction and ... management. With Quorum TIPS, gas processing plants

TIPS Gas Plant AccountingImprove Productivity through Integrated Transaction and Accounting Management

Page 2: TIPS Gas Plant Accounting - Quorum Software · TIPS Gas Plant Accounting Improve Productivity through Integrated Transaction and ... management. With Quorum TIPS, gas processing plants

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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

Page 3: TIPS Gas Plant Accounting - Quorum Software · TIPS Gas Plant Accounting Improve Productivity through Integrated Transaction and ... management. With Quorum TIPS, gas processing plants

“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

Page 4: TIPS Gas Plant Accounting - Quorum Software · TIPS Gas Plant Accounting Improve Productivity through Integrated Transaction and ... management. With Quorum TIPS, gas processing plants

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.