Many companies that have lockout/tagout (LOTO) and compliance processes in place don’t really understand the costs associated with them. They might understand what their pain points are, but they don’t know how to best tackle those problems in a cost-effective way. As a result, they do what they’ve been doing for a long time and never really examine what it’s costing them.
In addition to managing the lockout-tagout process, Field iD is an effective tool that can cut down the hours it takes to do inspections and audits. What’s the cost of providing that sort of solution? Well, what’s the cost of a person’s life that could be saved? Not to mention the dollars associated with a compliance breach in terms of legality. On top of that, there would be workers’ compensation costs if someone was injured on the job. In addition to all the time that Field iD can save its clients, the product fundamentally improves safety.
Most times when people come to Field iD looking for a compliance or LOTO solution it’s after something negative has happened that finally makes the green light go off in their head. Another common occurrence is that they tried something else in the past and it didn’t meet their needs. Cost is a factor in most cases, but we focus on the value Field iD provides.
Why is the ROI of Field iD so high? There are several reasons:
- It saves time. The way Field iD automates laborious processes means it takes less time to do the same work. In addition, safety is improved, saving companies the possibilities of dealing with a costly accident on the job.
- It’s easy to train employees on the technology and it’s fully customizable. That means it takes less time to train people to inspect things the right way. There are also built-in assurances that employees won’t miss critical steps in compliance or LOTO processes.
- You save time when you don’t have to pull paper records. Using Field iD means you don’t have to look for the paper reports when it’s required during an inspection. You can get the records needed from any Internet-connected device.
- You have visibility into your equipment anywhere and at any time. It doesn’t matter if the safety manager is across the country or it’s two in the morning.
Return on investment is something that every smart company focuses on, but it can be a tricky puzzle to solve. With Field iD the benefits are obvious. You save time and improve safety, and what’s more important than that for safety managers? Increase safety and decrease your costs.