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Market Leader in Oil and Gas Accounting Advances Digital Transformation for the Industry with its myQuorum AFE Release

DALLAS, May 18, 2017 /PRNewswire/ -- NAPAC -- Quorum, the leader in digital transformation for the oil and gas industry, today announced the latest release of myQuorum AFE, part of an integrated oil and gas accounting suite that also offers financial accounting, cost accounting, joint interest billing, revenue accounting and division order. myQuorum AFE is the latest in a wave of myQuorum releases, following the company's introduction of myQuorum Land and myQuorum Field Operations at NAPE Summit in February. All three solutions are built on myQuorum, the industry's first persona-based user experience platform which Quorum introduced last year.

Available standalone or as part of a purpose-built accounting suite, myQuorum AFE transforms energy companies' accounting operations by simplifying, streamlining and uniting back-office processes with field operations. Employees no longer have to hunt for information because they can get to what they need faster and in fewer clicks, enabling companies to deliver better financial results. The latest release of myQuorum AFE empowers users to:

• Approve AFEs anywhere, anytime: View, track and approve AFEs on any device. myQuorum AFE provides the convenience of a truly mobile solution that fits into your schedule and workflow.
• See all action items in one place: Know exactly what AFEs you have to approve and how long AFEs have been idle. The myQuorum AFE dashboard centralizes data and tasks so that you don't have to search for outstanding items.
• Save time and reduce errors: Simplify error-prone processes by allowing administrators to include multiple cost centers on an AFE and generate multiple affiliate AFEs with just the click of a button. Now, tasks that used to take minutes can be done in seconds.

Quorum is sponsoring NAPAC, which starts today, May 18-19, 2017 at the Westin Galleria in Dallas. The company will showcase myQuorum AFE during the evening networking reception as part of its sponsorship. For more information about the myQuorum user experience platform, visit www.quorumsoftware.com/myquorum.

About Quorum

Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies to conquer their most complex business challenges. From the field to the back office, defying complexity is coded into our DNA and our software. This unmatched ability to control the complex is why Quorum is the choice of eight of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all midstream companies in the U.S. Designed for digital transformation— the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to empower innovation at the speed of thought. At Quorum, we're helping visionary leaders transform their business, and the energy industry, for a digital world. For more information, visit www.quorumsoftware.com.

CONTACT: Megan Yunker, 713-430-8600, media@qbsol.com

SOURCE Quorum