Venator Resources, formerly Vaquero Energy, modernized its upstream operations by adopting Quorum Software’s full Upstream suite — including solutions for land, accounting, production, well operations, capital management, reserves, field planning, and operational planning. In this video, CFO Rob Foss joins Quorum’s Jordan Wehr to share how consolidating workflows around Quorum’s solutions revolutionized operations, driving faster decision making and laying the groundwork for generative AI in energy. Watch the full video interview with Venator Resources here.
Streamlining Data with On Demand Accounting
Venator's transition to Upstream On Demand accounting was completed in just five days, with Rob Foss praising the data integrity and minimal follow-up tweaks required. Compared to their legacy system from five years ago, this consolidation feels light-years ahead. The modern data hub now lets the team transform raw data into actionable insights and generate standardized tax and operational reports directly from the platform.
Automating Financial Workflows
By leveraging Quorum’s workflow automation, Venator cut its invoice processing time by roughly 30 percent. Their accounts-payable process now moves seamlessly through approvals, while revenue accounting delivers clear month-over-month analysis. These improvements free the finance team to focus on strategic financial planning rather than manual data entry.
Enhancing Investor Communications with Dynamic Docs
Venator uses Quorum’s document management solution, Dynamic Docs as an investor portal, centralizing all updates and reports in one secure location. This has dramatically improved transparency with outside investors and saved the team countless hours previously spent on manual report distribution.
Building a Collaborative Partnership
Rob highlights the Quorum team’s technical competence and responsiveness—from smooth product trainings to on-the-spot support from specialists. “They make us feel like we’re their only customer,” he says, applauding Quorum’s commitment to prioritizing client needs and delivering quality service.
Embracing Generative AI for Profitability
With natural gas prices plunging from $5 per MCF last year to just $0.97, Venator must drive down costs to stay profitable. Centralizing all data in Quorum’s secure environment sets the stage for experimenting with generative AI in energy applications. Rob is excited about AI-powered analytics to uncover efficiencies and boost profit per barrel.
Fueling Future Growth
Venator’s journey with Quorum Software demonstrates how Upstream On Demand suite, workflow automation and dynamic investor portals can transform an energy business. With all data in one place and generative AI on the horizon, Venator is well positioned to navigate market volatility and accelerate future growth.
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