EHS software has grown in usage over the past few decades. In fact, PR Newswire reports that the global EHS market size is projected to rise from USD 6.7 billion in 2022 to 9.4 billion by 2027, with a CAGR of 7.0% throughout the forecast period. Besides being required by legislation for most workplaces, EHS software applications also come with a lot of benefits that make them vital to companies, as compared to manual processes and systems.
In this article, we’re exploring the 7 key benefits of using EHS software for those who are considering adapting it in 2023.
1. Reduces Risks of Human Error
Here at Pulse, we emphasize that one of the main reasons for the need for EHS software applications is that it reduces the possibility for human errors, which can mean the difference between life and death. While errors are sometimes inevitable, EHS software and behavior-based safety training can reduce injury rates by as much as 29% after one year of implementation. If improving safety is one of your goals for 2023, this is definitely a necessary investment.
2. Improves Data Security
MongoDB states that one of the biggest concerns in today’s data-driven world is protecting precious information. But EHS software can help reduce the risks of breaches by streamlining and automating the reporting process in the workplace. Workers can also be more informed and become well-connected with each other, as the software comes with app-based checklists, real-time data, custom report formats, and the like.
3. Compliant With Legal Matters
As previously mentioned, having EHS software in place helps you be more legally compliant. Maintaining health and safety standards is ultimately its main goal, and is achieved through risk assessments, photographic evidence, and safety checks. An EHS software digitizes the entire process and also makes data available almost instantaneously, which comes in handy for reporting and inspections.
4. Increases Efficiency
EHS software bridges gaps between reporting processes. Before its creation, trends in safety and environmental matters were usually only determined at the end of set periods. But thanks to today’s technology, companies are now able to visualize data in real-time. This makes it easier to see any red flags that need handling, or positive upticks that can be leveraged for even more growth and safety.
5. Lowers Costs
Businesses that have invested in EHS software will also enjoy reduced costs. ArticleCube highlights that for every dollar invested in safety programs, it returns USD 4 to 6 in reduced costs. That said, it’s one of the smartest and most profitable moves you can do for your business, and it’s a way to secure your company’s assets as well. This also applies to expenses saved for preventing unwanted legal fees or accident compensations.
6. Centralizes the Company
Traditional EHS data management requires more time and energy for people to find the information they need. But software features like dashboards and notifications can eliminate up to 50% of the time wasted on administrative tasks, and even follow-up tasks like data review and analysis. This also helps businesses and their workers become more standardized and competitive, as saved time can go towards other efforts.
7. Improved Ethics
Lastly, business partners, employees, and customers alike are putting great value in a company’s ethics, which makes investing in safety even more necessary. Security Magazine notes that businesses need to have the proper tools in place for employees to have the freedom to report concerns. EHS software will help with proactively identifying issues and setting up mitigation plans according to the company’s needs.
Enjoy These Benefits and More With Pulse
If your business is struggling with unmanageable inspections and audits, delayed issue reporting, gaps in communication, and unstreamlined inspection data, then it’s high time to invest in an EHS software like Pulse. Pulse allows its users to enjoy increased growth and performance by providing features like checklist and scheduling templates, workflow and analytics tools, API integration, incident reporting, and more.
Pulse works for industries like logistics, construction, kitchens and restaurants, manufacturing, retail, and hospitality, so you’re sure to find it beneficial no matter the nature of your business.