Case Study: Novus Energy achieves faster AFE approvals with Quorum Software

Novus Energy Maximizes Equity with Capital Tracking Software

Novus Energy Inc was managing over 400 Approvals for Expenditure (AFE) annually through a manual process of spreadsheets and tracking sheets, which was prone to errors, delays, and lost documents. To address these challenges, the company sought a solution from Quorum Software to automate their AFE process and reduce operational risk.

Quorum implemented its Execute platform, a web-based AFE workflow and capital tracking system, to centralize data and integrate with Novus's existing accounting software. The solution from Quorum eliminated duplication errors, significantly sped up approval times—often by weeks—and increased process visibility by enabling more employees across departments to participate. This streamlined approach allowed Novus Energy to achieve tighter cost control and maximize ROI on its capital investments.

Novus Energy Inc