|[April 15, 2014]
Verdantix Says Environment, Health & Safety Leaders Should Invest In A New Wave Of EH&S Software Applications
NEW YORK --(Business Wire)--
EH&S leaders will increase spend on information management systems at a
faster pace than on any other initiative according to a global survey of
250 firms conducted by independent analyst firm Verdantix.
Responding to this spending priority, Verdantix conducted a benchmark of
the 13 most prominent EH&S software applications to help corporate
buyers save time, reduce costs and mitigate risks in supplier selection.
The analysis is based on live product demonstrations, an assessment of
suppliers on 137 criteria and interviews with an independent panel of 15
customers representing firms with revenues of $406 billion.
"In the last two years, the pace of innovation in the EH&S software
market has quickened," commented Jordan Nadian, Verdantix Analyst and
co-author of the report. "For EH&S leaders seeking to implement a
comprehensive software solution, there is an embarrassment of riches.
Supplier investments in mobile device connectivity, management of change
modules, slick user interfaces and more powerful analytical tools
strengthen the business case to dump spreadsheets and swich off badly
designed home-grown databases."
According to the Verdantix report, Green
Quadrant EH&S Software 2014, buyers should shortlist
different software suppliers based on their specific requirements. Firms
requiring a superior user interface should add CRedit360, Enablon and
Enviance to their shortlist. Buyers with a focus on air and GHG
emissions management should select among Enablon, Enviance, IHS (News - Alert) and SAP.
For industrial safety Enablon, Intelex and KMI achieve high
feature/function scores. More mature buyers looking at operational risk
management should target CMO COMPLIANCE, Enablon, Intelex and SAP (News - Alert). EH&S
software buyers also need to consider the industry penetration of each
supplier. The nine Leaders in the global market for EH&S software are
CMO COMPLIANCE, CRedit360, Enablon, Enviance, IHS, Intelex,
MetricStream, ProcessMAP and SAP. Gensuite, KMI, Locus Technologies and
EMEX are also prominent suppliers of EH&S software worth consideration
"EH&S software providers with a focus on innovation, an existing
customer base and more than 100 employees are experiencing very rapid
growth" stated David Metcalfe, Verdantix CEO. "Our global survey
confirms that hundreds of corporations around the world are investing to
upgrade their EH&S data management, reporting and analysis capabilities.
That's because managing EH&S risks with spreadsheets is hurting their
business. Whether it is financial losses from a safety-related plant
shutdown or Board-level anxiety about a lack of accuracy in
environmental disclosures, the money is being found to invest in this
new wave of EH&S software."
To learn more, attend the Verdantix Summit 'Getting
Value From EH&S Software & Technologies', scheduled to be
held on September 30, 2014 in Boston. Attendees will hear from a wide
range of industry experts on best practices for selecting, using and
upgrading EH&S software.
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