6 min readIn oil and gas accounting, accuracy drives credibility, cash flow, and confidence. But too many teams are still constrained by rigid, outdated platforms that automate legacy workflows instead of enabling the connected, data-driven processes today’s energy business demands.
Quorum’s On Demand Accounting, a core module within the Upstream On Demand Suite, sets a new benchmark for revenue division of interest with fewer decks, smarter automation, and complete transparency across ownership structures. With intelligent workflows replacing manual reconciliation, operators can close faster and scale without sacrificing control.
Building on the foundation introduced in Division Order 2.0, Quorum continues to advance revenue-deck automation with new flexibility, visibility, and intelligence, setting the standard for modern upstream accounting.
Hear from Kevin McArthur, Solution Architect for On Demand Accounting at Quorum, as he demonstrates how accounting teams are moving from manual control to automated accuracy without giving up flexibility.
Set the Standard for Modern Revenue Accounting
Most accounting systems force a trade-off between control and automation. Quorum delivers both.
Through On Demand Accounting, revenue accountants can manage every ownership scenario, from complex burden calculations to multi-product interests, on their terms. That configurability without custom code or workarounds is what sets Quorum apart from generic enterprise platforms.
- Flexible by design: Choose between traditional Net Revenue Interest (NRI) decks or automated burden decks on a per-deck basis instead of a global system switch. Many legacy systems lock users into one workflow, while Quorum lets you tailor automation to each property for both precision and scalability.
- Smarter portfolio management: The “All Product” option eliminates duplicate decks for identical interests across products, cutting redundant setup time and ensuring consistent ownership logic across the business.
- True chain-of-title clarity: View effective and expiry dates at the owner level for clear traceability. This information is reference only, not used in processing, which gives accountants confidence in every audit.
- Complete suspense visibility: Instantly see both owner- and deck-level suspense on the deck, with hover details showing cause and status for faster resolution.
- Streamlined imports: A single, unified template for both NRI and burden decks simplifies onboarding, reduces formatting errors, and keeps teams aligned without the need to juggle multiple templates or configuration files.
These capabilities don’t just speed up workflows; they redefine what modern upstream accounting should be: transparent, consistent, and built for scale.
Precision Without Compromise
When operators face complex ownership structures or high volumes of interest changes, precision matters as much as speed. Quorum’s approach combines automation with audit-grade control, something spreadsheet-based processes and disconnected systems can’t deliver.
NRI Decks (Manual Control)
Ideal for teams who need hands-on precision. Enter net-revenue interests directly when calculations are pre-defined or unique. You maintain complete control without sacrificing consistency.
Burden Decks (Automated Intelligence)
Designed for teams ready to automate without losing visibility.
- Enter gross working interest for WI owners.
- Assign bearer groups to distribute royalty and override burdens.
- Apply market exemption groups for deductions such as severance tax or gathering.
- Let On Demand Accounting automatically calculate each working-interest owner’s NRI.
The result is faster deck setup, accurate NRI calculations, and fewer manual adjustments with full transparency into how every number is derived. Unlike black-box automation, Quorum shows exactly how burden logic flows through the deck, so every calculation can be audited and verified.
Visibility and Simplicity That Scale
Transparency and simplicity are the foundation of efficient accounting. Quorum gives teams real-time visibility into ownership, suspense, and calculation details while keeping deck maintenance effortless.
- Owner-level effective dating: Track start and end dates to maintain a complete reference chain of title. The information is visible for review and audit but not used in processing, ensuring clean documentation for every case.
- Deck and owner suspense tracking: Identify issues immediately, see causes at a glance, and take corrective action in seconds, all from within the deck view.
- One color-coded template: Supports both NRI and burden decks.
- Unified imports: Upload bearer group and market exemption group assignments with participant data in a single step.
- Reusable configurations: Reuse market exemption groups across decks for consistency and faster setup.
- Portfolio efficiency: Use the All Product option to collapse identical interests before the next load.
While other platforms require multiple upload formats or custom scripts, Quorum standardizes the process in one template, minimizing risk, training time, and errors.
With On Demand Accounting, teams take control of their close cycle. Fewer decks to manage, faster reconciliations, and cleaner audits translate into measurable efficiency gains and stronger financial governance. This is how modern accounting leaders run their organizations, with systems that think ahead rather than slow them down.
Future-Ready Through Innovation
As part of the Upstream On Demand Suite, On Demand Accounting connects seamlessly with Data Hub, enabling real-time data flow across the digital core. This integration ensures accounting teams always work from a single source of truth, improving data accuracy, reconciliation, and reporting consistency while delivering decision-ready insights that strengthen visibility and confidence across every accounting process.
With QAI, Quorum’s AI-powered assistant, accountants will gain real-time, in-application guidance and contextual answers that accelerate workflows. Following its successful launch earlier this year, QAI is expanding across the Upstream On Demand Suite, bringing the same intelligent, 24/7 assistance that has already improved efficiency and issue resolution for early adopters. Unlike static help portals or support tickets, QAI learns from user interactions and delivers personalized, context-aware guidance directly inside the application.
QAI reflects Quorum’s broader commitment to innovation and continuous value delivery across the energy software landscape, ensuring customers stay ahead while others catch up.
Automate Revenue Decks With Confidence
Quorum continues to set the benchmark for revenue accounting excellence. While others promise automation, Quorum delivers transparent, integrated intelligence that scales with your business. Our connected approach to division-of-interest management eliminates silos, reduces manual effort, and empowers teams to deliver trusted results at scale.
Experience the industry standard in revenue accuracy. Schedule a demo or contact us today.
Previous Page