How to Evaluate EHS Software Using an Analyst Report
The best way to use the report is to read it in its entirety. With all the wealth of information contained in the report, it’s easy for some to be overwhelmed and to ask themselves “what are the key elements that should be given special attention?” In this post, we provide some guidance by highlighting four key elements that you should pay particular attention to, in order to help you improve the EHS software evaluation process in your organization.
Market Momentum Identifies the Most Successful Software Vendors
The Verdantix report compares the 22 most prominent EHS software suppliers for a dimension labelled “Momentum”. This dimension evaluates a number of proven drivers of strategic success and other factors, including: new customers, customer base, brand preference, vision and strategy, market focus, organizational resources, financial resources, and others. In other words, the momentum dimension helps you answer the following question: “Which EHS software vendors are the most successful today?” It is helpful to identify the software suppliers that other companies are turning to, and that show strength and stamina in an evolving market.
By knowing which vendors have the most momentum, you can determine which EHS software solutions are being the most selected by your industry peers. If you need to convince your company’s management about the selection of a particular EHS software, going with a software vendor that is successful in the market will help. This is especially the case if management and the board of directors are risk-averse to new spending because of tightening budgets. Therefore, when reading the report, be sure to look at the rankings of software vendors for the momentum dimension.
A Global Platform for EHS and Risk Management Reflects Market Trends
Instead of looking at point solutions for specific EHS needs, organizations today are looking for a complete, holistic solution. An EHS solution becomes complete when it offers the breadth and depth required to also enhance risk management. In its analysis of the state of the EHS software market, the Verdantix report confirms this as well. EHS and Risk Management are now deeply intertwined and they can’t be addressed separately. Companies are increasingly seeking to identify and mitigate all EHS risks throughout the global enterprise, in order to ensure compliance, drive operational excellence and build organizational resilience.
The need to reduce operational, regulatory, reputational, and other risks, is emerging as the top driver for investing in EHS software. As Verdantix explains in the report, the business case for EHS software is mainly being shaped by a need for better risk management. Therefore, when reading the report, be sure to look at the breadth and depth of the software platforms, and specifically the rankings of software suppliers for risk management capabilities.
Global and Complex Organizations Need an Enterprise-Class Application
Verdantix gives some insights into Fortune 500 companies and the way they evaluate software. Product functionality and capabilities are certainly important. But if you are a global, complex organization with multiple sites around the world, thousands of employees, many business units and different product lines, the implementation and use of EHS software can quickly turn into a nightmare. To avoid this, leading best-in-class firms also carefully assess the architecture of the application, not just features, functionality, and product capabilities.
An enterprise-class application allows companies to implement the software to a specific site or business unit, and then scale it successfully to the entire enterprise. An enterprise-class EHS solution includes: 1) enhanced data management and security, 2) superior capabilities for incident, risk, safety, and air emissions management, 3) a highly-intuitive user interface, and 4) best-in-class business intelligence tools. Therefore, when reading the report, be sure to look at the rankings of software suppliers for enterprise-class characteristics.
User Interface Design is the Most Important Buying Criterion
Verdantix compares EHS vendors for product capabilities. When looking at the scores for capabilities, be aware of this important principle: Not all capabilities are the same. Your organization may have a greater need for some than others. While the need for specific capabilities varies from one company to another, there is consensus in the industry about the importance of the quality of the user interface. The Verdantix report identifies user interface design as the factor that influences the purchasing decision the most.User interface is associated with a number of benefits, including: faster user adoption, and cost-effective implementations and upgrades. EHS software vendors that offer an intuitive user interface (including the interface of mobile apps) and invest continually in UI design, show greater alignment with buyer priorities. Therefore, when reading the report, be sure to look at the rankings of software vendors for user interface.
Now that you know the key elements to focus on, you’re ready to get the most value out of the Verdantix Green Quadrant EHS Software 2016 (Global) report, as part of your EHS software evaluation process. The report includes:
- The 2016 Verdantix Green Quadrant EHS software assessment, with a detailed overview of the capabilities and momentum scores for each profiled vendor.
- Enablon’s detailed Leader profile, including an analysis of its key strengths and differentiators.
- An overview of the latest trends shaping the EHS software market, with a focus on the rise of risk-centric EHS software.
- In-depth insight into the functionality requirements and purchase preferences driving the EHS software market.