Cloud-based oil and gas software company introduces enhanced rapid implementation process and support model for enterprise oil and gas companies
Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, announced its expansion of Rapid Deployments, along with a new customer support model to support the adoption of faster, cloud-based software deployments by enterprise oil and gas companies. After completing 115 enterprise projects in 2019 across upstream, midstream, and transportation market segments, Quorum is focused on speed and quality of support as its customers look for ways to increase business agility in 2020. Large and medium-sized oil and gas companies have clearly articulated they are under more pressure to drive organizational efficiencies, reduce the risk associated with aging systems, and streamline operations than ever before.
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“No matter how volatile the marketplace, gaining operational efficiencies and lowering expenses increases the value of any business,” said Gene Austin, president and chief executive officer of Quorum Software. “Our commitment to our customers is focused on delivering an exceptional implementation process so that they can go live on an accelerated schedule and create value to their enterprise as fast as possible. Today, we’re standardizing how we deliver a fully integrated enterprise software suite in a four-to-six-month timeframe for projects that would historically have taken at least a year to complete.”
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Quorum developed its Rapid Deployment Methodology to shorten software implementation times as much as 60 percent for large and medium-sized oil and gas companies. This proprietary methodology leverages industry-standard configurations, developed by Quorum in partnership with oil and gas companies over two decades, and more than 2,000 successful projects. Rapid Deployment implementations from the last year include:
- Upstream Rapid Deployments: Quorum completed 80 rapid projects across its Enterprise Upstream Suite, which includes Accounting, Land Management, Production Operations, and Well Lifecycle Reporting. Bedrock Energy Partners, a privately funded E&P company, implemented the full suite in five months, beating its transition service agreement (TSA) deadline, using the Rapid Deployment methodology.
“Our priority was finding a solution that enabled us to make better data-driven decisions,” said Nicole Henley, Controller at Bedrock Energy Partners. “At the same time, we needed a partner who could implement the right solution quickly. With Quorum, we didn’t have to trade speed for quality; our upstream solution provides clean data, strong reporting, and excellent integration with numerous other software. Moreover, our Customer Success Manager, Reason Pumphrey, is second to none.”
- Midstream and Transportation Rapid Deployments: Quorum deployed 35 rapid projects across its Enterprise Midstream and Transportation Suite, which includes Gathering and Processing, Supply and Distribution, Transportation and Storage, Marketing and Logistics, as well as Measurement. Greylock Energy, an Appalachia-based upstream and midstream operator, sought to upgrade its software system to a mobile, cloud-based program that would unite separate functions and increase its capabilities. They found that solution with Quorum.
According to the company’s Vice President of Accounting Niki Randolph, “Greylock had utilized a proprietary system for many years. However, over the last several years it had become ineffectual and difficult to maintain. Quorum’s Rapid Deployment methodology not only enabled us to integrate our systems, but it has also facilitated our ability to work remotely – which has proven invaluable.”
