Upstream

Cloud Accounting for Oil & Gas: A Game-Changer for Multi-Basin Operations

By Anushka Kumar

March 25, 2025

Learn how true leaders embrace innovation and watch an interview with Tristan Farrel, Managing Partner and CFO at T2 Operating Corporation (formerly I.O. Business Strategies).

Tristan Farel shares his firsthand experience with Quorum’s Upstream On Demand Accounting and highlights how cloud-based financial solutions have dramatically transformed operational agility and efficiency.

In the video, you’ll discover how Quorum’s Upstream On Demand Accounting enabled efficient operations, empowers strategic decision-making, and positions companies for long-term success.

Why Cloud-Based Accounting?

For Tristan, the decision to implement Quorum’s Upstream On Demand Accounting was clear: his operations required flexibility. Managing multiple locations across various basins demanded a dynamic approach. Traditional systems simply weren’t sufficient for teams spread across different regions or for executives and board members working remotely.

Evolution of Capital Management Systems

With Quorum’s cloud-based solutions, Tristan and his team gained:

  1. Anywhere Access: Securely retrieve and share financial data anytime, anywhere.
  2. Global Talent Recruitment: Tap into a broader talent pool without geographic limitations.
  3. Seamless Operations: Streamline asset management and financial oversight across basins and satellite offices.

The Power of Customer-Driven Innovation

What sets Quorum apart, as Tristan emphasizes, is its commitment to user-driven development. Quorum doesn’t just provide software—it actively engages its customers through an online collaboration portal. Users can share ideas, vote on product enhancements, and collectively shape the evolution of the platform.

Two-and-a-half years after going live, Tristan confidently endorses Upstream On Demand Accounting, particularly for smaller organizations striving for growth and efficiency across multiple regions.

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