April 16, 2014 12:37 PM ET

Software

Company Overview of Quorum Business Solutions, Inc.

Company Overview

Quorum Business Solutions, Inc. provides software and consulting solutions to manage oil and gas, renewable energy, and natural resource operational and commercial business processes. It provides solutions for various processes, including capital budget and management, land/property management, measurement data management, transaction systems, contract administration, financial accounting, fixed asset accounting, joint venture/owner accounting, marketing management, GIS/mapping, and reporting and business intelligence. The company also provides solution project services, solution support, software enhancement release program, business intelligence, change management, and consulting services....

1420 West Mockingbird Lane

Suite 700

Dallas, TX 75247

United States

Founded in 1998

Phone:

214-630-6442

Fax:

214-630-6947

Key Executives for Quorum Business Solutions, Inc.

Founder and Chief Technology Officer
Chief Administrative Officer and Executive Vice President of Finance
Age: 58
Chief Operating Officer
President of Quorum Canada
Compensation as of Fiscal Year 2013.

Quorum Business Solutions, Inc. Key Developments

Quorum Business Solutions, Inc. Updates Quorum Pipeline Transaction Management System to Support NAESB 2.0

Quorum Business Solutions, Inc. announced that its popular Quorum Pipeline Transaction Management (QPTM) software solution is now updated to address the latest North American Energy Standards Board (NAESB) standard - 2.0. QPTM is software solution used by natural gas pipeline and storage facility operators to manage transactions with their shippers, including contracts, scheduling, nominations, allocations, billing and accounting. QPTM is currently in use by 15 facility operators, managing over 60 pipeline and storage facility assets. Regulated natural gas pipeline and storage facility operators are required to comply with the latest NAESB 2.0 standard on December 1, 2012. With the availability of this new update to QPTM, Quorum's regulated Clients will be able to meet this compliance deadline. A number of QPTM Clients are already underway with deployment of this new QPTM update in preparation for the December 1, 2012 deadline. Quorum employs a unique approach to ensuring that its software solutions remain compliant with constantly evolving regulatory requirements. Through participation in Quorum's Software Release Program and User Group, QPTM Clients work with Quorum to determine specific software updates necessary to ensure regulatory compliance. Quorum has a demonstrated track record of providing timely software updates to address each new NAESB standard. With the cost of software updates shared among multiple QPTM Clients, the financial impact of complying with a constantly evolving regulatory environment is dramatically lower than costs faced by operators utilizing other software systems. Highlights of the QPTM software updates related to NAESB 2.0 standard changes include: Additional standards involving removal of Operationally Available and Unsubscribed dataset, replaced with Operational Capacity and Unsubscribed Capacity datasets; Modifications to Capacity Release and Transactional Reporting: Interruptible Transportation datasets; Support for sending multiple notice types with a single system-wide notice; and Standardization of code values to align with NAESB 2.0 updates.

Quorum Business Solutions, Inc. Announces Relocation of its Houston Headquarters

Quorum Business Solutions, Inc. announced the relocation of its Houston headquarters. Effective October 15, 2012, Quorum has relocated to BG Group Place at 811 Main Street, Houston, TX. Quorum has leased 2 full floors, with over 53,000 square feet in this facility. This relocation is in response to Quorum's significant continued growth. Houston is Quorum's headquarters location, with additional offices in Dallas, TX and Calgary, AB. Quorum now employs over 225 energy software professionals at its Houston location, with over 350 employees overall. The new facilities represent a significant increase in capacity over Quorum's previous Houston office space.

Quorum Business Solutions, Inc. Announces PGAS 9.0 and TechTools 5.0

Quorum Business Solutions, Inc. announced the release of Quorum PGAS(R) 9.0 and Quorum TechTools(R) 5.0. Quorum's flow measurement applications are enhanced to support the anticipated changes to the API 21.1 standard. PGAS 9.0 is enhanced to capture complete meter configuration data, including instantaneous readings, for reporting and validation, and includes security to ensure meter data entering the system is unedited from the source. Additionally, the flow measurement capabilities are expanded to include import, validation and reporting on data elements specific to crude oil measurement. PGAS 9.0 also includes a System Performance Dashboard. This dashboard provides web-based real-time and historical views of system performance through graphical representations of CPU utilization, memory usage, file processing and PGAS job processing. TechTools 5.0 enables automated population of flow computer events related to calibration and verification for the purpose of reporting and consolidation into PGAS. Furthermore, TechTools enables automated flow computer configuration validation which provides a comparison between flow computer configuration data and enterprise measurement system data, flagging inconsistencies.

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