Insights Success The 10 Fastest Growing Utilities and Energy Solutions Provider Companies

Quorum Business Solutions is at the leading edge of providing the answers to the challenges the
industry now faces with lower oil prices and the continued price volatility in the market. A premier
provider of software solutions for the energy industry for nearly 20 years, Quorum works closely with
leading energy companies to build innovative software solutions, offering a robust portfolio of energy
software systems.
Quorum suggests that to be successful, oil and gas companies need to:
•Increase operational efficiency
•Streamline back office processes
•Increase business agility
•Lower integration and maintenance costs
•Ensure they have the tools to facilitate knowledge transfer
•Experienced workers are retiring, need to ensure the industry is ready as the next
generation workforce comes on board
Evolution of Industry Leader in Software Solution Innovation
Digital technology is not new to the oil and gas industry as the field equipment such as sensors and
monitoring equipments have been used for a long time. But, this industry as a whole has been slow to
implement these tools.
In 1998, founders of Quorum realized employing digital technology in the energy industry could ease
business operations of businesses, reducing errors and increasing efficiencies.
Quorum knows that oil and gas companies have excelled in the development and adoption of
innovative technologies such as hydraulic fracking, horizontal drilling and cutting-edge simulation
tools to cut costs and increase productivity for field operations. However, the energy industry
generally spends only one to three percent of revenue on information technology, lagging behind the
almost seven percent for other industries.
A big stumbling block to implementation is legacy oil and gas software programs which have a poor
track record for being user-friendly. When it comes to back-office operations, most oil and gas
software is archaic, monolithic, siloed, and customized to the brink of being unsupportable by the IT
department.
However, forward-thinking companies have started exploring the benefits and requirements needed to
make the shift to a more efficient back office. And Quorum is a catalyst which allows companies to
shift their focus from field operations innovation to back office functions that can provide the daily
insights and information needed to streamline, simplify and automate complex workflows, reduce
errors, and improve productivity.
As oil and gas companies shift their business focus to the digital transformation of back office,
industry leaders have started to identify areas of opportunity that would make a significant business
impact.
A Leader Adapting to Changing Market and Leveraging New Technology
Perry Turbes, CEO, Quorum is a Quorum veteran of more than 15 years and was Chief Operating
Officer of Quorum before accepting the role of CEO.