TIPS Gas Plant
Accounting
Improve Productivity through Integrated Transaction and
Accounting Management
More than 10,000
people streamline
their business
with Quorum
80% of midstream
companies rely
on Quorum
Optimize Productivity with Complete
Transaction Management
Increase 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:
ŠŠ Flexibility with a highly configurable product that quickly
adapts to changing business requirements.
ŠŠ Improved accuracy and efficiency through the timely
exchange of information between internal and external
customers.
ŠŠ Ensured compliance through audit-ready functionality.
ŠŠ Workforce optimization through automated processes.
350+ gathering
systems and
pipelines in North
America use Quorum
Proven Performance with Unlimited
Adaptability
Quorum delivers unparalleled expertise in the midstream industry
as the longstanding industry leader. Gas processing plants rely
on Quorum TIPS to:
ŠŠ Streamline processes by simplifying complex allocation and
settlement calculations.
ŠŠ Effectively manage a variety of commercial agreements and a
wide range of transactions.
ŠŠ Standardize business functions for multiple types of assets.
ŠŠ Reduce operational risk with industry-proven audit support.
Quorum has a
demonstrated track
record of success
deploying robust, costeffective solutions that
help companies meet
performance goals.
ENERGY DRIVEN BY INNOVATION
2
Product Highlights
“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
ENERGY DRIVEN BY INNOVATION
Allocations
Plant Balancing
Tailor allocations with user-defined
plant configurations and allocation
methodologies.
Standardize performance results
across all plants with plant balance
and recovery reporting.
Settlement
Gross Margin Analysis
Accommodate complex
contractual provisions with user
configured and managed contract
terms and rates.
Maintain financial visibility through
the calculation of gross margin for
each plant, meter, contract,
and producer.
Regulatory Reporting
Complete Reporting
Meet local, state, and federal
agency reporting requirements
such as volumetric, value, tax, and
royalty reporting.
Get a complete picture with
standard reports for allocation and
settlement, producer statements,
take-in-kind tracking, and
plant performance.
Imbalance Management &
Accounting
Division Order &
Disbursements
Track imbalances at the plant
tailgate for any commodity,
comparing entitlements versus
actual deliveries.
Manage division order information
and distributions to operators and
all applicable interest owners.
Forecasting
Query & Reporting
Predict current and future
production month processing
results to assist with planning.
Gain in-depth analysis with easy-touse, ad-hoc reporting delivered via
the web.
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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.
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