Is Quorum right for your business?

Quorum is a great fit for many businesses. Find out if it's the right choice for you! Are you looking for a Quorum demo, technical support, product or pricing information or to simply to compare Quorum with competitive options? Quickly get answers and the information you need.

Quorum Cost Accounting™ (JIB, AFE, FA, DD&A) is a comprehensive software system to manage the full range of capital and expense cost accounting activities

  • Manages all aspects of capital costs and expenses
  • System is specifically tailored to oil & gas, renewable energy, and natural resource companies

System Elements

Quorum Cost Accounting software is comprised of 5 elements that can be deployed together or individually over time

  • Joint Interest Billing (JIB) – platform for operators to manage joint interest billing (JIB) and joint venture (JV) accounting activities, including distribute costs among partners
  • Authorization For Expenditure (AFE) – manage capital budget approval process, including automated workflow and electronic approval process for AFEs
  • Capital Budget Tracking – brings together yearly forecasts, AFE actuals and budgets, and updated projections for an enterprise-wide capital expenditure outlook
  • Fixed Assets (FA) & Depreciation Accounting (DD&A) – control accounting for fixed assets over the entire lifecycle from acquisition / depreciation and revaluation to disposal
  • Equipment Inventory Management & Accounting – manage and account for lease, well, and yard inventory, including purchased goods, material transfers and inventory management

Other Applications

The following applications are designed to work hand-in-hand with Cost Accounting:

"Cost Accounting" is part of the Quorum line of products, developed by Quorum.