Global competition is forcing companies to implement rapid changes in business strategy and tactics to reduce operating expenses and improve the bottom line. At the same time, increasing disclosure obligations flowing from Sarbanes-Oxley requirements and scrutiny from non-governmental organizations (NGOs) are placing a harsh spotlight on organizations’ environmental, health and safety (EHS) compliance posture. As a result, effective EHS information management strategies can make the difference between a company’s success or failure.
As EHS functions become increasingly expensive and difficult to manage, a new paradigm has emerged that makes it possible for organizations of all sizes to receive the advantages of state-of-the-art EHS applications, while simultaneously improving the overall efficiency of their compliance programs. This model is based on the strategic use of managed services to support core business processes.
Managed services are the process by which companies outsource day-to-day business processes or organizational functions to a third-party that is expert in that particular area. The power of this model comes from accessing externally hosted and managed best-in-class EHS applications, which are augmented by subject matter experts who apply industry best practices that help organizations drive performance.
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