Choosing the Best Process Safety Management Software for You
According to Verdantix, some firms invest in software to cover many different industrial risk management usage scenarios, but other buyers are mainly interested in digitizing their approach to process safety management (PSM).
To help buyers interested in a PSM solution, Verdantix’ software benchmark provides a detailed analysis of functionality used to meet process safety management objectives as defined by OSHA and other regulatory agencies.
The analysis covers functionality and capabilities from 17 software vendors for:
- Compliance Audits
- Emergency Response
- Incident Management
- Management of Change
- Mechanical Integrity
- Pre-Start-Up Safety Reviews
- Process Hazard Analysis
Verdantix identified several assessment criteria within each of the seven categories listed above.
These features represent seven out of the 14 key elements required by OSHA for a process safety management program. The ones shown here are arguably the most important out of the entire list of 14. For more information on PSM programs, check out our recent post: Process Safety Management: Everything You Need to Know
The Verdantix benchmark also explains the four reasons why buyers and operations managers invest in a subset of Operational Risk Management (ORM) functionality rather than buying an entire ORM platform.
If you need help choosing the best PSM software solution for your organization, the Verdantix report is a great starting point.
The 17 leading vendors received individual scores on each of the seven categories. They also received a total score, which allows you to identify the leading vendor for PSM.
You can also drill-down into any of the seven categories to identify the leaders for specific functionality areas.
After all, there is more to process safety management than just regulatory compliance. Having an effective PSM system in place also leads to improvements in business operations.
By enabling safe and reliable operations, organizations embark on a path to greater operational resilience.
Start your journey towards a more effective and robust PSM program by choosing the right software tool.
Click on the image below to download your free copy of the Verdantix Process Safety Management software benchmark and learn more about the leading solutions: