Compliance is simply mandatory if you want to avoid losses and manage your company’s risk properly, but it takes resources, time, money and a lot of effort.
According to a recent Thomson Reuters report, 34% of compliance teams spend one to three hours a week tracking and analyzing regulatory developments, 26% spend four to seven hours, 22% spend eight to 10 hours, and 9% spend 10 hours or more! That’s a significant chunk of time taken away from the core functions of each team.
Source: Thomson Reuters
Regulatory change was reported as the top compliance challenge for 2020 followed by budget and resource allocation, and data protection.1
Part of the challenge for organizations is that compliance is a very broad term, including emission limits, regulatory inspection tasks, filing monthly and annual reports, auditing systems and processes, etc. Compliance touches many different departments and organizations, and there are many stakeholders as well.
Tackling the Compliance Challenge
One way to simplify the process and make it more efficient is to use an advanced digital tool that can help collect data and streamline the process. Recent analyst reports state that Environment, Health, Safety & Sustainability (EHS&S) leaders understand the essential role digital technology plays in EHS&S management and performance. Adapting an EHS&S software solution is, therefore, one of their top priorities in 2021.
Customers increasingly recognize the relevance of EHS data across business operations and performance management.2
Sphera has a long history of supporting companies in their EHS&S management journeys. We understand that organizations need to have efficient tools at their disposal and demonstrate a systematic approach when responding to EHS&S challenges.
SpheraCloud is an integrated EHS&S solution that includes and addresses Environment, Health, Safety and Sustainability challenges. Sphera’s developers built the robust and agile platform in conjunction with the product team and domain experts.
The innovative SaaS platform empowers companies to obtain a comprehensive view of ESG performance and risk in real time, breaking down information silos so everyone can have the same holistic view of EHS&S risk.
Turn Compliance Into Performance
The EHS&S solutions available on our cloud platform can help turn your mandatory but time-consuming compliance tasks into a winning EHS&S performance formula that helps your organization become safer, more sustainable and productive.
SpheraCloud Operational Compliance
EHS&S begins with compliance. A single system for identifying and managing compliance requirements and actions is key. Companies can proactively mitigate the risks of complex compliance regulations with the right software:
Regulatory (CyberRegs) software empowers your workforce to efficiently identify, track and manage compliance obligations with an online regulatory compliance library.
Compliance Assurance software helps you determine which regulations, permit conditions and corporate policies apply to you. Ensure that your compliance obligations are met with a single system with EHS&S data and records to help track findings, recommendations, observations, best practices and corrective actions.
SpheraCloud Environmental Accounting
With increasing environmental regulations, companies are running the reporting cycle repeatedly and struggling to be efficient. Our software is built to create a traceable system for environmental data collection, file regulatory reports, predict performance and rapidly intervene when it is necessary to help mitigate risk. It offers a broad set of data management and calculation functionalities to establish an auditable record for air, water and waste management:
Air/GHG Emissions software brings high transparency to a company’s emissions calculation. The data helps ensure compliance with a single, traceable corporate system of record for emissions and operations data. It also powers corporate sustainability initiatives by feeding accurate, centralized and standardized emissions data into corporate reporting tools.
Water Emissions Management can help organizations manage large amounts of sampling data associated with wastewater discharge permits. Water quality is under increased scrutiny as both a sustainability metric and a regulatory compliance issue.
Waste Management helps organizations comply more easily and efficiently when it comes to stringent regulations regarding waste volume, shipping and tracking of final waste disposal. It offers a broad set of data management and calculation functionality to support the rigorously regulated waste inventory, corporate reporting and waste disposal.
There is an overall clear trend toward digitalizing environmental and sustainability programs. According to a recent Verdantix report3, 84% of the executives surveyed are seeking EHS&S software solutions to improve environmental compliance.
We are excited that this report lists Sphera as a top Environment, Health Safety & Sustainability (EHS&S) software provider with our Environmental Accounting solution achieving the highest score in environmental compliance management.
Our EHS&S management platform provides EHS&S teams with the relevant solution to manage the challenges for their specific domains. Whether it is Operational Compliance, Environmental Accounting, Health and Safety Management or Corporate Sustainability, SpheraCloud is a proven and effective solution for all.
A single platform provides your EHS&S organization (and beyond) with a rich set of data that offers insights into the current status of the single tasks, process optimization, overall performance and enforces process discipline across the organization.
1 Green Quadrant: EHS Software 2021, Verdantix
2 2021 Verdantix EHS Software Benchmark: Environment And Sustainability Management
Taking Compliance by the Horns
Learn in our brand-new e-book why there is NO WHY when it comes to compliance but how you can tackle your compliance challenges.