Buyer’s Guide: Process Safety Management Software (2022)

Report
Specialist EHS software
Joseph O'Brien

Joseph O'Brien

Tom Brown
Tom Brown
Malavika Tohani
Malavika Tohani
Bill Pennington
Bill Pennington
13 Dec, 2022

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Executive Summary

This report provides executives within EHS, process safety and operational roles with an overview of 15 prominent process safety management (PSM) software vendors available on the market today. Due to the technically intricate nature of process safety, PSM solutions providers have been early adopters of emerging technologies such as AI and automation, Internet of Things (IoT) device integration and prescriptive analytics. Having originally been targeted at firms within industries that operate with hazardous substances, such as chemicals, oil and gas, and pharmaceuticals, PSM software functionality is now seeing increasing usage amongst clients in a wider range of verticals who are aiming to manage risk more proactively. Executives should use this guide to support them in their initial searches for a PSM solution that meets their functionality requirements. 

The Current Landscape For PSM Software Buyers 
PSM Processes Control The Intersection Between Hazards, Workers And Assets 
Major Vendors Moving Into The PSM Market Increase Solution Consolidation Across The Industrial Safety Landscape 

Technology Development Is Expanding The Scope Of Use Cases For PSM Software 
Nascent Technology Innovation Is At The Centre Of PSM Software Development 
PSM Software Has The Potential To Generate High-Value Results Across Numerous Verticals 

Inclusion Criteria For The 2022 PSM Buyer’s Guide 
Alcumus Maintains Worker And Contractor Connectivity With Interactive Safety Management And Control of Work Functionality 
Benchmark Digital Provides Innovative Risk Management Solutions To Satisfy Compliance Needs 
CONFORMiT’s Risk Management Solution Is Well-Suited To High-Risk Industries 
DevonWay Offers PSM Functionality For High-Risk Sectors Such As Defence And Nuclear 
Enablon Emphasizes End-To-End Safety With Its Integrated Risk Software 
Hexagon Provides Advanced Visual Capabilities For Control of Work and Asset Management 
Intelex Provides Proactive Safety Capabilities To Benefit Frontline Workers And Contractors 
NiSoft’s Eclipse Suite Offers Robust Control of Work Capabilities To High-Risk Power Generation Firms 
ProcessMAP Offers Strong Risk Management Functionality Within A Centralized Platform 
Quentic Provides A Competitive PSM Solution For Asset-Heavy European Manufacturing Firms 
SAI360 Offers A Configurable, Low-Cost PSM Solution With Strong Safety Risk Management 
Sphera Offers Leading Solutions For Integrated Process Safety And Operational Risk Management 
TenForce Offers Strong Risk Management And Connected Worker Functionality 20
H2 Ultimo Links Enterprise Asset Management With Process-Focused Safety Workflows 
VelocityEHS Offers Comprehensive Control of Work, Safety And Risk Management Functionality 
 
Figure 1. OSHA’s Constituent Elements Of PSM 
Figure 2. Software Tools That Contribute To PSM Programmes 
Figure 3. Control Of Work Workflow
Figure 4. Perceived Value Of Integrating EHS, Operational Risk And Asset Data
Figure 5. Factors Influencing 2023 EHS Budgets
 
, Benchmark Digital (formerly Gensuite), 3DS, ABB, AcceleratorKMS, Adapt IT, Aero Products and Services, AFAS, Agropur, Albemarle, Alcumus, AMCS, Anora, Apax Partners, Aptar, ARBURG, ArcelorMittal, Arkema, Arlanxeo, ArrMaz, Atlas, AVEVA, Axian, Baker Hughes, BASF, BIM-Connected, Blackstone, BP, Bridgestone, Bupa, Cascades, Cepsa, CGE Risk Management Solutions, ChemTel, CLP Group, Cogentrix, Cognibox, Colgate-Palmolive, ConformIT, Consumers Energy, Costain, Cummins, Damstra, Decmil, Delek, DevonWay, DHL, Dilygence,, Dominion Energy, Dussmann, Dyno Nobel, Eastman Chemical Company, Enablon, Energy Harbor, Engica, ENGIE, Engro, ES3, Esri, eVision, FedEx, FieldCore, Fortive, GE, General Motors, Genstar Capital, Georgia-Pacific, Glencore, GOARC, Grainger, Guardhat, H. B. Fuller, Haldia Petrochemicals, Harley Davidson, Hexagon, Hexion, HG Capital, Honeywell, Hydro-Québec, Ideagen, IFS, Indaver, Industrial Scientific, Ineos, Inflexion, Infor EAM, Inovyn, Intelex, Intenseye, Intergraph, Intertek Group, ISP Marl, iWizards, j5 International, Johnson Controls, Kennametal, Kisuma Chemicals, Kraft Heinz, Kruger, Lamgold, Lendlease, Lilly, Lithium Americas, Los Alamos National Laboratory, Lucid Energy Group, LyondellBasell, Marathon Petroleum Corporation, Meerca, Meercat, Microsoft, Molson Coors, Monument Chemical, N3B Los Alamos, National Environment Research Council (NERC), National Fuel Gas, Natural Power, NBCUniversal, NewMarket Corporation, Newmon, NiSoft, NiSource, Olin, OneLook Systems, OneSafety, OQ, Origin Energy, Orion Engineered Carbons, Parker Hannifin, PAS Global, Petroleum Development Oman (PDO), Petronas, Petrotechnics, Pfizer, Philip Morris International, Polypipe, ProcessMAP, Prometheus Group, Qantas, Quaker Houghton, Quentic, ReNew Powe, Resolute Forest Products, Rio Tinto, RiskPoynt, Robeco, Rolland (Sustana Group), Rolls-Royce, Rombit, Roseburg Forest Products, SAI360 (SAI Global), Samsung Austin Semiconductor, Sandvik, Scholz, Scottish Power, Shell, SI Group, SiteHawk, Solvay, Southern Company, Sphera, Starbucks, Steel Dynamics, Sunoco, Tata Steel, TenForce, Tesla, Texaco, The Heico Companies, Tikkurila, TK Elevator, TotalEnergies, UK Office for National Statistics (ONS), Ultimo, Unilever, United Energy Pakistan, US Bureau of Labor Statistics, US Department of Energy, US Occupational and Safety Health Administration (OSHA), VelocityEHS, Venture Global LNG, Vesta Terminals, Viking Air, Westlake Corporation, Wolters Kluwer, Woodward, Zebra Technologies

About the Authors

Joseph O'Brien

Joseph O'Brien

Senior Industry

Joe is a Senior Industry Analyst in the Verdantix Operational Excellence practice. His current research agenda focusses on emerging solutions and global market trends across t...

Tom Brown

Tom Brown

Senior Consultant, Advisory Services

Tom is a Senior Consultant in the Verdantix Advisory Services practice, where his focus is on delivering client solutions for EHS and sustainability digitization. Tom joined V...

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Malavika Tohani

Malavika Tohani

Research Director

Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...

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Bill Pennington

Bill Pennington

VP Research

Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...

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