Hydrocarbon Accounting / Revenue /Energy Components Revenue

Energy Components Revenue - Quorum Software

Revenue

Manage the revenue accounting related to the production of hydrocarbons all over the world with Energy Components Revenue, a comprehensive hydrocarbon accounting platform.

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Hydrocarbon Financial Accounting 

Invoice all sales according to contract terms to properly account for revenue.

Features

Financial Transactions

Capture, calculate, and books all equity share sales, purchases, and tariffs by contract or legal entity with flexible invoicing schemes.

Cost Handling

Handle all costs directly from the ERP system and automate the approval, audits, and reconciliation process.

Inventories

Automate and optimize the inventory tracking and transactions to speed time to value in your accounting workflows.

Quantities

Accurately capture and calculate all quantity data from a variety of sources.

Forecast

Improve planning and the accuracy of your forecasts across the revenue and close cycle.

Benefits

Fully-Integrated Logistics Management

Close the link to your financial accounting system and generate direct postings to the accounts payable, accounts receivable, and the general ledger. 

Automated Processes

Automate the revenue process including price calculations, invoice generation, interface to ERP, and more.

Interaction by Exception

Use the BPM features of Energy Components for interaction by exception.