Resources

Process Safety Management Report: Verdantix Green Quadrant

Green Quadrant: Process Safety Management Software 2023

The Verdantix Process Safety Management Software report provides an objective, fact-based comparison of the 15 most prominent software vendors offering PSM platform solutions across worker safety, process safety, and asset management. This year’s report identifies Cority’s integrated digital platform and mobile app as key market differentiators.

Alongside positive remarks about Cority’s recognition among target industries and impressive brand perception, Verdantix detailed two strengths that make Cority a standout provider:

  • Effective mobile-assisted approach to chemical, contractor, and incident management.
  • Cority’s comprehensive EHS and quality offering with PSM-specific capabilities.

The report also highlights key use cases and success stories from Cority customers:

  • The Westmoreland Coal Company use of Cority’s comprehensive single solution for managing EHS, operational and financial risk – automating critical workflows, increasing stakeholder visibility of risk and facilitating effective reporting.
  • Oil and gas firm Crestwood Midstream Partners utilizing Cority’s data aggregation functionality to assimilate risk assessments, incident records and management of change (MOC) processes, to provide safety leaders with centralized, clear and real-time perspectives on operational risk.

 


 

This report provides a detailed fact-based comparison of the 15 most prominent process safety management (PSM) software vendors in the market. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompassed three-hour live product demonstrations with pre-set scenarios and vendor responses to a 102-point questionnaire covering six technical, nine functional and 10 market momentum categories. Verdantix also conducted interviews with 28 software users and reviewed the data from our global survey of 304 operational excellence and 301 EHS decision-makers. The PSM software market has, and is currently, undergoing consolidation, driven by private equity interest, due to continued market growth and an expanding market opportunity within the adjacent EHS, ESG and sustainability management areas. Among the vendors featured in the Leaders’ Quadrant, ten firms – Cority, Enablon, Hexagon, Ideagen EHS, Intelex, Prometheus Group, Sphera, TenForce, VelocityEHS and Yokogawa – offered robust all-round PSM software capabilities.

Read the report