KUALA LUMPUR, March 14 (Bernama) -- Quorum Software (Quorum), a global software leader dedicated to the energy industry, has announced the newest version of its Planning Space application suite within the Quorum Energy Suite as the only integrated corporate planning platform.
It is specifically designed to solve the complexities and challenges of planning in the modern energy industry, leveraging the power of the cloud to help energy companies make better decisions in less time, with the certainty of trusted and accurate data.
“Leveraging the cloud and unified data architecture, Planning Space enables accelerated and shared decision-making with the intelligence to better align capital, financial, and reserves plus resource planning.
“Ultimately, companies can now confidently plan faster, with greater accuracy and alignment, to achieve both top-line and bottom-line performance gains, while meeting net-zero goals,” said Quorum Chief Product Officer, Tyson Greer in a statement.
The new Planning Space provides a step change in performance and scalability with a dynamic planning philosophy that eliminates cumbersome planning cycles, allowing users to maximise productivity and focus on value-added activities.
The suite fully integrates five modules, streamlining business planning workflows with connected data for greater efficiency, transparency, and risk management including capital planning, financial planning, petroleum and energy economics, and reserves and resource management.
Planning Space’s ability to configure standardised inputs and outputs enables efficient portfolio consolidation and optimisation, supported by an up-to-date audit trail for greater regulatory compliance and data governance.
Key features of the new Planning Space include consumer-grade usability; next generation performance; scalability; cloud optimisation; and seamless integration.
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