Name: myQuorum Tour
Uploaded: 2017-06-19T19:49:24.000Z
Duration: 4 min 12 s
Description: myQuorum Tour

Help Desk

Web and Video Conferencing

Customer Support

Mind Mapping

Development

Business Intelligence (BI)

Collaboration

Interactive Voice Response (IVR)

VoIP

Enterprise

Accounting

Cryptocurrency Mining

Financial Close

SaaS Spend Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

On-Demand Payment

Payroll

Professional Employer Organizations (PEO)

Resume Parsing

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AI Agent Builder

App Development

Change and Configuration Management

Cloud Storage

Dynamic Application Security Testing (DAST)

Enterprise Backup

Fraud Detection

Integrated Development Environment (IDE)

Integration Platform as a Service (iPaaS)

Network Access Control (NAC)

Network Function Virtualization (NFV)

Network Performance Monitoring

Remote Support

Security Validation

Software Defined Storage (SDS)

Solid State Drives

Storage Area Network

Virtual Desktop Infrastructure (VDI)

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Business Card Scanning

Consumer Ratings & Reviews

Content Management

Data Management

Digital Signage

Email Management

Email Marketing

Marketing Automation

Marketing OS

Online Reputation Management

Real-Time Interaction Management

Retail Media Advertising

SMS Marketing

Search Marketing Intelligence

Social Media Management

Social Media Publishing

Survey & Forms Building

Video Streaming

Web Analytics

Webinar

Marketing

Field Service Management

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales

Security Information and Event Management (SIEM)

Security

Equation Editors

Forestry

Insurance Agency Management

Intelligent Document Processing

Law Practice Management

Online Voting

Real Estate Property Management

Vertical-Specific

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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.

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.

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.

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myQuorum Overview | Quorum Software

To stay ahead of the competition, departmental silos must be eliminated, functionality needs fluidity, and contextually-relevant insights have to be pervasive, trusted and accessible.  myQuorum puts the user first, so actionable information speeds decision making for management, and drives productivity for your workforce.  Learn more about Quorum Software - https://www.quorumsoftware.com/platform-overview/myquorum

myQuorum Tour

Learn how myQuorum combines dynamic workflows, business intelligence, reporting, and data into one powerful user experience.  https://www.quorumsoftware.com/platform-overview/myquorum

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Journals and Reconciliations

Automate and synchronize ledgers and processes

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Subledger and Financial Process

Revenue management solution including capabilities for subledgers and financial processes

Billing Management

Access role-based billing work area, perform discrete and recurring billing

Cash and Asset Management

Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments

Travel & Expense Management

Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement

Budgetary Control & Encumbrance Accounting

Control spending at any budget level or time interval

Period Close

Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Standard reports

The software offers pre-built reports with metrics standard to the category.

Custom reports

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

API for custom integration

An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.

Plug-ins

A number of third-party plug-ins are available to expand the core functionality of the software.

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

Role-based user permissions

Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.

Single sign-on capability

The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

Multi-factor authentication

User-level audit trail

Grants Management

Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding

Award Lifecycle Management

Manage the life of program funding awards from initial funding to close-out

Project Financial Management

Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.

Budgeting and Forecasting

Establish project budgets and forecast future project financials

Project Costing

Standardize, track, and control costs at all project phases