Quorum Trading & Risk Management™ 7.0 Now AvailableJuly 23, 2014
July 23, 2014 – Houston, TX. Quorum Business Solutions, Inc. (Quorum), the leading provider of business information technology solutions for the energy industry, has released version 7.0 of its Quorum Trading and Risk Management (QTRM)software.This newest version of QTRM builds on a unique overall approach that makes it easy for organizations with exposure to energy commodities to improve their operational efficiency, better manage their exposures, and demonstrably improve their control over operations.
QTRM 7.0 offers clients numerous additional tangible benefits resulting from many new features, including these highlights:
- Sophisticated Cost Pass Through – improve recoupment and resulting margins by automatically assigning costs such as tariff charges and losses
- Accounting Close with Automated PPAs – ensure financial control and simplify recordkeeping by locking closed positions and automating the generation and tracking of prior period adjustments (PPAs)
- Comprehensive Sales Tax Management – ensure tax compliance and save time by automating sales tax collection and reporting
About Quorum Trading & Risk Management
QTRM makes energy trading and risk management (ETRM) easy through a unique approach that combines ease-of-use, including intuitive position reporting, with cost effectiveness, including significantly reduced deployment effort, and all from a trusted energy solutions provider.
QTRM is a next generation full-featured, front-to-back office energy trading and risk management solution used by companies with exposure to energy commodities to cost-effectively manage their energy commodity operations including deal/position capture, market data management, position reporting, risk analyses, credit management, logistics, settlements, and more. QTRM was developed using the latest industry-standard Microsoft technologies and methodologies.
Quorum offers its clients the option to utilize the QTRM software as a service through Quorum’s SSAE16 certified Cloud services.
About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. develops, implements, and supports software solutions for the energy industry.
Quorum offers an integrated suite of business applications for companies that produce, gather, process, transport, store, distribute, and market crude oil, natural gas, NGLs, LNG, and power. The Quorum suite includes software solutions that manage operational, administrative, financial, and transactional business processes for energy. Products within the suite offer inherent integration to support data flow across the value chain, and are also capable of operating stand-alone.
Founded in 1998, Quorum employs over 400 staff operating out of Houston, Dallas, and Calgary. Quorum has ongoing relationships with over 185 clients, comprised of super-majors, independents, utilities, wholesalers, retailers, end users, marketers and financial entities, including 25 Fortune 500 Companies. Throughout its 16 year history, Quorum has successfully completed over 975 software solution deployments.