According to Verdantix’s 2020 Global Corporate Survey, the majority of EHS technology buyers are increasing their investment in EHS software, despite the challenges associated with COVID-19. But what is the rationale behind the increased investment?
For the EHS and safety leaders we talk to, the most important part of their job is reducing incidents and injuries — which requires a lot of coordination and communication throughout the organization. An amalgamation of spreadsheets may seem to work in your day-to-day, but putting robust workflows and automation in place can make sure nothing slips through the cracks. For example, corrective actions can be tracked on a dashboard, improving accountability and ensuring that they are actually implemented. Other features, such as automated scheduling of safety meetings, guarantee that your employees are actually having important, transparent conversations to identify risks and hazards — so you can put controls in place to prevent incidents before they occur.
Digitizing your EHS program can also save time by reducing manual, repetitive tasks, meaning your EHS team can focus more on fostering a strong safety culture, as opposed to digging through emails to find the results of your last inspection.
There are a variety of other benefits to digitizing your EHS program, including the reduction of costs, including workers’ compensation claims costs, and other direct costs resulting from an incident or injury — legal fees, lost time days, and regulatory fines. Earlier this year, Verdantix highlighted Origami as a vendor that has shown success in reducing workers’ compensation costs as a result of implementing safety software. Origami’s clients have also been able to reduce their total cost of risk (TCOR) by negotiating better insurance premiums as a result of demonstrating the impact of their safety program to reduce incidents. That is, they are able to utilize robust dashboards and reporting to demonstrate reduction in injuries and workers’ compensation claims — by having all their risk and safety data in a single platform.
If you’ve decided to make the investment in EHS technology, how do you determine what to implement? Where you are on your digital transformation journey will impact what tools you decide to invest in. But it’s important to consider not only where you are now but also where you plan to invest in the future. Origami is highly configurable and flexible, staffed with an expert, award-winning service team, and releases quarterly updates — meaning that as your needs grow, Origami can scale with you.
This blog takes learnings from Verdantix’s Research Report, Best Practices: Reducing EHS Costs By Digitizing Compliance, which highlighted Origami as a vendor that reduces workers’ compensation costs. For tips on evaluating software as you plan to digitize your EHS program, download our vendor performance assessment. To learn more about our EHS and risk management software, contact us.