{"id":400094,"date":"2020-12-15T10:03:08","date_gmt":"2020-12-15T15:03:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400094"},"modified":"2020-12-15T10:03:08","modified_gmt":"2020-12-15T15:03:08","slug":"velocityehs-game-changing-risk-management-solution-tears-down-risk-silos-and-slashes-injury-rates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/velocityehs-game-changing-risk-management-solution-tears-down-risk-silos-and-slashes-injury-rates\/","title":{"rendered":"VelocityEHS\u2019 Game-Changing Risk Management Solution Tears Down Risk Silos and Slashes Injury Rates"},"content":{"rendered":"
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CHICAGO, Dec. 15, 2020 (GLOBE NEWSWIRE) — VelocityEHS<\/a>, the global leader in cloud-based environment, health, safety (EHS) and sustainability software, today announces the release of its cutting-edge Risk Management solution<\/a>. Small to enterprise-sized organizations can now achieve efficient, consistent, and transparent risk and control management across their operations.<\/p>\n

Effective risk management is the centerpiece of best-practice EHS management. Until now, however, the complexity in the processes, tools and the resulting data isolation have left many of the largest companies seeing little return on investment. For low- and medium- hazard industries, the cost and intricacies of implementing a scalable risk process have traditionally been barriers to adoption.<\/p>\n

Companies can now leverage the VelocityEHS Risk Management set of flexible, integrated and easy-to-use software tools to manage any type of risk: health, safety, environment, financial, operational, or process safety. By standardizing the collection and organization of risk and control data, users can effortlessly switch between qualitative and quantitative analysis modes in either tabular or bowtie formats, in support of a wide array of industry-standard processes from JSAs, What-Ifs, Checklists, HAZOPs, LOPAs through to SQRAs.<\/p>\n

In a recently published case study, entitled \u201cDyno Nobel Enhances Risk Management With Comprehensive Software<\/a>,\u201d by the independent analyst firm Verdantix, one VelocityEHS Risk Management customer reported a 53% decrease in their Total Recordable Injury Frequency Rate, and a 39% drop in their Significant Event Frequency Rate. These reductions in injury rates were on top of demonstrated significant increases in employee efficiency and engagement in EHS.<\/p>\n

\u201cMost companies spend an inordinate amount of time and money on risk identification and analysis, leaving no energy or resources for the control verification piece, which is really the engine of risk management,\u201d said Alex Apostolou, Director of Risk Solutions for VelocityEHS. \u201cBy integrating the tools for all risk and control processes into one simple-to-use solution, we make risk management the go-to process for all organizations striving for best-practice.\u201d<\/p>\n

VelocityEHS Risk Management core capabilities include:<\/p>\n