Cinergy Marketing & Trading, LP Licenses Quorum's Contract Management Software.Energy Editors/Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--June 9, 2003 Quorum A majority of an entire body; e.g., a quorum of a legislative assembly. A quorum is the minimum number of people who must be present to pass a law, make a judgment, or conduct business. Business Solutions Inc (Quorum) announced today that it has entered into an agreement with Cinergy Cinergy Corp. was an energy company based in Cincinnati, Ohio. Cinergy was created on October 24, 1994, from the merger of the Cincinnati Gas & Electric Company (CG&E) with PSI Energy and later included Union Light, Heat & Power (ULH&P) as well. Marketing & Trading, LP (Cinergy) to license, implement and support the Quorum Contract Management and Quorum Query & Reporting software The following is a list of notable reporting software. Commercial software
Cinergy Marketing & Trading, LP, is a subsidiary of Cinergy Corp., one of the leading diversified diversified (di·verˑ·s energy companies in the U.S. Cinergy Marketing & Trading is the Houston-based part of the corporation's energy merchant business unit and is involved in origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real of natural gas supply for wholesale customers as well as trading of natural gas. "With the scale and complexity of our business continuing to grow, we needed to replace and supplement various internal and commercial contract management functions with a more comprehensive solution," reports Steven Hughes Steven Hughes was an African American artist for the Chaos! Comics company. Hughes provided the art for many of the company's comics, including Lady Death, Evil Ernie, and the short-lived superhero series Detonator . , project controller, Cinergy. "Quorum's Contract Management software quickly emerged as by far the best solution for Cinergy. By fully automating the contract management function, our Contract Administration staff can spend their time on contract analysis and negotiations as opposed to manually intensive contract reporting and tracking activities." A component of the Quorum Energy Suite, the Quorum Contract Management software application is designed as an enterprise-wide central contract repository (1) A database of information about applications software that includes author, data elements, inputs, processes, outputs and interrelationships. A repository is used in a CASE or application development system in order to identify objects and business rules for reuse. that supports all contract management business processes through the entire contract life-cycle. Quorum's ability to provide an enterprise-wide view of contract exposure, proven ability to address the scale and complexity of the business, timely and efficiently notify users of pending contractual events, and integrate with other key business applications were all factors in Cinergy's decision to utilize Quorum's Contract Management solution. Implementation of the solution is already underway and the software is expected to be operational by July, 2003. "It's been a pleasure working with Quorum on this important implementation," said Maribeth Bedevian, contract administration manager, Cinergy. "Quorum's staff has been willing and able to answer all of our requests and questions and the system has proven to be so flexible that they have been able to both configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. the system specifically for us and demonstrate deeper functionality than we had initially expected." "Quorum Contract Management satisfies an unmet un·met adj. Not satisfied or fulfilled: unmet demands. industry requirement for more robust, enterprise-wide contract management functionality," said Mr. Paul Weidman, president of Quorum Business Solutions Inc. "Leading energy companies, such as Cinergy Marketing & Trading, need access to enterprise-wide contract information to proactively manage their business and respond to business opportunities and challenges. Quorum Contract Management uniquely provides those abilities." About Quorum Business Solutions Inc. Quorum Business Solutions Inc. is a product-centered services company that develops and supports industry standard applications across a wide range of businesses. Quorum works closely with its clients building long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. relationships: developing, delivering and supporting cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. business solutions. Quorum is committed to providing the right people; expertise and tools to deliver successful solutions its clients can count on. Founded in 1998, Quorum now has over 140 staff operating out of offices in Dallas, Houston and Calgary. Quorum provides the Quorum Energy suite, a set of software applications for the energy industry that includes TIPS (Plant/Facility Accounting), the industry-standard solution for gas plant accounting. Quorum's product offerings for the energy industry are targeted at companies that produce, gather, transport, process and market natural gas and other energy commodities. The company has an extensive client base in this business segment and a strong reputation for delivering cost-effective solutions. For more information, visit Quorum's Web site at www.qbsol.com or call us at 713/952-3452 ext 40. |
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