CIMdata PLM Industry Summary Online Archive
June 27, 2008
Company News
Quorum Land System 5.0 Becomes an SAP-Endorsed Business Solution
Quorum Business Solutions, Inc. (“Quorum”), a leading provider of software solutions for the oil and gas industry, announces today that its Quorum Land System 5.0 has become an SAP-endorsed business solution. After Quorum Land achieved “Powered by SAP NetWeaver®” status, further joint development with SAP AG was completed to qualify Quorum Land as an endorsed land management solution integrated with the SAP® ERP Financials solution.
The Quorum Land System 5.0 is designed to streamline the energy industry’s complicated land and lease management processes. It enables a variety of users throughout the enterprise at different locations to quickly access critical land data. The integrated offering allows customers to leverage their investment in solutions from both Quorum and SAP. The solutions help streamline all aspects of the business workflow through full lifecycle integration of land and lease management with production revenue accounting and general financials. For clients, this results in fewer hand offs and manual, off-system processes; improved operational efficiency due to increased visibility into corporate assets; reduced total cost of system ownership; and maximized profits.
“Quorum Land System 5.0, now endorsed by SAP, delivers significant return on investment for customers and is now integrated with the industry’s most comprehensive, end-to-end upstream solution,” said Paul Weidman, CEO of Quorum. “The solution’s full lifecycle integration streamlines all aspects of the back-office accounting workflow and automates lease management processes and obligations, while providing full visibility into the company’s overall land position.”
Although thousands of solutions are currently available worldwide that have achieved Powered by SAP NetWeaver status, Quorum Land System 5.0 is one of only 22 solutions that are SAP-endorsed business solutions.
SAP-endorsed business solutions are complementary to SAP application offerings, are developed in accordance with SAP development guidelines, and provide additional choices and flexibility for businesses running SAP solutions. As part of the endorsed business solution agreement between Quorum and SAP, both companies will share technology and product roadmaps, as well as market Quorum Land System 5.0.
"By endorsing solutions such as Quorum Land System 5.0, SAP continues to build its ecosystem while extending its core offerings,” said Ken Evans, senior director of Oil & Gas Industry, SAP. “Quorum’s deep understanding of customers’ needs related to the full lifecycle management of land and leases and the integration of its Quorum Land System 5.0 with SAP’s business process platform significantly reduces the costs and risks of integration and support for our joint customers."
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