HOUSTON, Feb. 24, 2016 /PRNewswire/ -- Quorum, the industry leader in software for hydrocarbon and energy business management, today announced that a prominent energy master limited partnership (MLP) selected Quorum TIPS to manage its diverse portfolio of customers, operations and assets in the midstream oil and gas industry. The Houston-based company chose Quorum TIPS for its proven technology and leadership established over 20 years in the midstream industry.
Volatility within the commodity markets demands efficiency and agility in order for oil and gas companies to remain competitive. With Quorum TIPS, the Houston-based MLP expects to drive efficiency in its execution and management of complex and interrelated business processes for their midstream assets. Quorum TIPS provides automation and audit-ready functionality that ensure accurate contracts, nominations, scheduling, allocations, and accounting.
As the recognized industry standard, Quorum TIPS manages midstream commercial operations for more than 800 midstream assets across over 70 customers. Even during a time of market volatility, Quorum TIPS continues to attract major players in the midstream market. Quorum attributes this ongoing success to industry leading technology, extensive industry knowledge and superior customer support, a combination that reinforces why Quorum TIPS has more than a 95percent customer retention rate.
With the myQuorum user experience platform announcement earlier this month, Quorum continues to lead the midstream industry in innovation. Quorum will announce the general availability of its first release of myQuorum solutions at the company's annual user group conference on March 30th. The company plans to deliver a modern and responsive new user experience for schedulers and accountants, the primary users of Quorum TIPS, at that time.
To learn more about why midstream companies continue to select Quorum TIPS for their midstream commercial operations, visit www.qbsol.com.
Quorum makes innovative software for hydrocarbon and energy business management. Our platform of integrated solutions is designed with deep industry expertise using next-generation technology. It delivers advanced functionality, improved efficiency, and enhanced regulatory compliance. And it is proven to maximize profit throughout the energy value chain to drive customer success. For more information, visit www.qbsol.com.