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myQuorum

myQuorum

Overview

What is myQuorum?

myQuorum is a suite of energy software solutions designed to streamline and optimize business operations in the energy industry. According to the vendor, myQuorum provides decision-ready data, capabilities, integration, and automation to help energy professionals in the upstream and midstream sectors,...

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Pricing

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What is myQuorum?

From exploration to distribution and the accounting in between, Quorum Software, headquartered in Houston Texas, offers an integrated software oil and gas ERP platform developed with industry experience to drive profitability and support the operations of energy companies.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Alternatives Pricing

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What is SAP S/4HANA Cloud?

SAP S/4HANA Cloud is a modular cloud ERP. Embedded with AI and analytics, it helps business run anywhere, in real time. SAP S/4HANA Cloud can be deployed either on premise, in the cloud, or in a hybrid combination.

What is Acumatica?

Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.

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Product Details

What is myQuorum?

myQuorum is a suite of energy software solutions designed to streamline and optimize business operations in the energy industry. According to the vendor, myQuorum provides decision-ready data, capabilities, integration, and automation to help energy professionals in the upstream and midstream sectors, oil and gas operators, energy service companies, pipeline operators, and natural gas processors manage their operations effectively.

Key Features

Planning Space Dataflow: According to the vendor, this feature allows users to accelerate planning with customized data entry documents, hierarchical data access, and version comparisons. It enables capturing investment opportunities, considering multiple what-if situations, and comparing investment scenarios to make informed petroleum planning decisions.

eONE: According to the vendor, eONE helps users understand cashflow, track credit liability, streamline order to cash, and improve decisions surrounding supply/demand balancing with integrated accounting workflows and detailed inventory volume management.

Energy Components Upstream Management: The vendor claims that this feature allows users to duplicate real assets within a flexible graphical environment, gain total control of their entire asset, and automate the build of large-scale, complex models.

Gas & Liquid Measurement: According to the vendor, this feature streamlines measurement processes, ensures data integrity, and provides operational indicators. It enables balancing systems at the product and component levels and maintains compliance with industry calculation standards.

Gathering & Plant Accounting: The vendor states that this feature streamlines gathering and plant accounting processes, simplifies contract and confirmation processes, manages distribution of revenues, and performs allocations with the industry's most adopted allocation engine.

My Quorum Accounting: According to the vendor, this feature automates calculation and distribution of values, streamlines division order processes, prepares cost estimates, manages inventory, and generates financial and regulatory reports.

Enersight: The vendor claims that Enersight enables accurate production forecasting, rapid testing of 'what-if' scenarios, and capturing the operational intricacies of assets. It also provides performance metrics and easy-to-use reporting for informed business decisions.

My Quorum Land: According to the vendor, this feature accelerates lease acquisitions, manages the entire lifecycle of assets, simplifies land management, and provides more out-of-the-box features for mapping and security.

Optimize Plunger Lift: The vendor states that this feature allows users to review plunger performance, improve efficiency by analyzing and adjusting performance remotely, and manage well communication systems from a centralized location.

Manage Communications Remotely: According to the vendor, this feature enables users to configure communication protocols, monitor and manage well communication systems, and ensure reliable communication between field equipment and control systems.

myQuorum Videos

myQuorum Overview | Quorum Software
myQuorum Tour

myQuorum Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Simplified User Interface: Reviewers have consistently praised myQuorum's user interface, describing it as excellent, intuitive and easy to operate. Multiple users have commented that the software feels like using a mobile app and does not require specialized training. The simplified UI of myQuorum is an advantage since tasks can be completed quickly and efficiently.

Effective Customer Service: Customers have appreciated the customer service provided by myQuorum, with many stating how helpful and available they are when needed. This positive experience has left customers feeling supported in their use of the software.

Seamless Integration: Users find Quorum GIS to be a seamless tool that integrates well with other features within myQuorum such as the Quorum Land System. This integration provides efficient and quick access to favorite and most utilized tasks, making it an excellent resource for completing complex operations.

Slow Performance: Users have reported that myQuorum can become slow when using multiple features at once, with the UI becoming stuck and taking around 8-10 seconds to refresh. Some reviewers have expressed frustration as this has caused delays in their work progress.

Web Map Limitations: The Web Map feature of myQuorum is limited and can cause issues for non-GIS users attempting to view the maps online, as there is no way to accurately control what is displayed on the screen. Several users have mentioned that this has led to difficulty in understanding certain aspects of projects due to incomplete or confusing map views.

Manual Payment Creation Difficulty: Some users have reported difficulty with creating manual payments to one entity with multiple line items corresponding to different cost centers. A few reviewers have found it challenging to navigate through this process and believe it could be improved for better efficiency.

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