Verdantix Highlights Intellect, Citing No-Code Capabilities
Blog: Interneer blog
Intellect scores high among EHS software vendors, due in part to extreme configurability
In November, leading analyst firm Verdantix came out with their newest forecast report for Environment, Health, & Safety (EHS) software for midmarket companies. The Verdantix report highlighted Intellect as a global leader in the EHS space, noted for its platform’s extreme configurability and no-code capabilities.
The report’s authors took an optimistic tone toward the market overall, predicting 12.8% CAGR growth for EHS software and related services for midmarket companies over the next five years. They noted that although recessionary forces may exert some downward pressure on EHS adoption, – the impact of an economic downturn will be more than offset by the compelling need for companies to digitize processes, with the aim of increasing efficiencies and improving employee safety and environmental controls.
Ongoing Digitization Remains a Priority
The first key finding in the Verdantix report was that “digitization drives a recession-resilient market.” In fact, companies continue to recognize that by automating and streamlining their existing business processes, – they can ultimately save money, while at the same time increasing transparency and uncovering new opportunities for innovation. In a recessionary environment, initiatives with proven potential for strong ROI will continue to be attractive investments.
The Verdantix report notes that among companies of all sizes, the trend toward further digitization is not slowing down. They specifically highlight Intellect, citing the powerful advantages of a no-code solution for companies seeking to replace paper-based and spreadsheet-based operations with more efficient alternatives. Intellect’s inherent flexibility affords companies both large and small the opportunity to tailor their EHS software to conform to their own, company-specific requirements.
To achieve meaningful cost savings, however, that no-code element is essential because it eliminates the need to allocate expensive technical resources when implementing the EHS system for the first time, every time a subsequent change is needed. Ultimately, that translates to a significantly lower cost of ownership and more rapid return on investment.
Integration and Consolidation Drive Further Efficiencies
Another pain point experienced by many midmarket companies, according to the Verdantix report, is the lack of sufficient data integration across multiple systems and platforms. This leads to so-called “information silos” that stand in the way of smooth collaboration and interoperability. Without integration, processes are slower and less efficient, and visibility to key metrics is often lacking.
Intellect’s integration with enterprise resource planning (ERP) and product lifecycle management (PLM) offer two examples of what’s possible when EHS software vendors enable fast, easy integration with related software platforms. Intellect’s customers enjoy seamless interoperability between EHS, quality management (QMS), PLM, and ERP systems. That ultimately translates to significantly greater efficiencies, as well as greater visibility to data from across the enterprise. For data-driven organizations seeking to empower business users to make better decisions, – the latter point is especially important.
EHS versus ESG
The authors of the Verdantix report also noted that environmental, social, and governance (ESG) standards are also playing a significant role in the overall rate of EHS adoption. As companies seek to reduce their carbon footprint and otherwise minimize their impact on our planet, – EHS offers a powerful tool for measuring, documenting, and controlling the activities that impact the environment the most.
Having said that, the analysts who authored the report were careful to note that midmarket companies are generally prioritizing EHS over ESG. Unlike their large enterprise counterparts, small and midsize organizations face relatively low pressure from the regulators and special-interest groups who are aggressively promoting the adoption of ESG standards.
EHS, in contrast, is an ongoing priority for companies of all sizes, with important implications for employee health & safety, insurance premiums, and corporate risk. The Verdantix authors note that “EHS functions such as training remain mission-critical for firms in the midmarket.” This is especially true for companies in the oil & gas, mining & metals, and chemicals industries. The report cites these three as “very high risk” verticals, while construction companies, airlines, forestry, maritime, and utilities organizations follow close behind in the “high-risk” category.
Reasons to Invest Now in EHS
Finally, the Vedantix report notes that “successive depressors [are] proving to be opportunities” for the companies that provide the best EHS software. COVID-19, geopolitical turmoil, and economic uncertainty have led to slowdowns in certain sectors of the economy (e.g. airlines, aerospace & defense, maritime shipping and fleet logistics). Rather than serving as a damper on EHS investments, the Verdantix analysts assert that this is prompting companies in those industries to invest now, when they have the bandwidth to roll out new systems and increase organizational efficiency.
Industry consolidation is cited as another driver for current investment in EHS. As private equity firms and others seek attractive targets for acquisition, – automation and agility enhance the appeal of potential candidates.
The implications of the Verdantix report are clear; there’s never been a better time to invest in EHS. At Intellect, we’re proud to have earned the accolades of this leading industry analyst firm. We strive to create the best, most adaptable EHS and QMS software in the world. If your organization is interested in eliminating inefficient manual processes, increasing visibility to the key metrics that drive your business, and enhancing the health and safety of your workforce, we would love to hear from you. Contact us today to tell us about your needs, and to set up a free, no-obligation demonstration.