Thankfully, risk software and compliance software can help significantly improve a company’s chances of evading these unnecessary fines. Reducing the opportunities for human error, providing staff with up to date knowledge on current legal guidelines, and aiding in the development of a bespoke health and safety management system being just three of the benefits.
A closer investigation reveals myriad more profitable positives to come from the comparatively small investment required to install such technologies. These include, but are not exclusive to:
*Lower insurance premiums may be possible if you can provide evidence of effective risk control
*Increased access to finance from banks and investors, based on ‘good faith’ the
company is well managed
*More opportunities with larger business partners and government agencies, which may be unwilling to affiliate with less pro-active firms