Avetta Highlighted in Verdantix’s Inaugural Contractor Safety Management Software Buyer’s Guide

Key Takeaways

1. Avetta has been highlighted in Verdantix’s inaugural Contractor Safety Management Software Buyer’s Guide, showcasing the company’s strengths in the industry.

2. The increasing use of contractors, stringent ESG regulations, and heightened awareness of contractor liability are major trends boosting the need for comprehensive contractor safety management solutions.

3. Avetta stands out with robust communication tools, proactive customer feedback loops, fast compliance times of under six weeks on average, and state of the art AI features like AskAva, which provides real-time safety suggestions on job sites.

4. Avetta boasts the largest risk compliance network in the industry, with 130,000+ suppliers across 120+ countries and availability in 36+ languages, supporting international compliance in a diverse range of verticals.

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The Contractor Safety Management Industry Is Growing

Avetta was recently highlighted in Verdantix’s first contractor safety management software buyer’s guide. Published in May, Verdantix’s guide provides procurement and environmental, health, and safety (EHS) executives with insights and analyses of key players in the industry. With the market for contractor safety management expected to grow annually by 12.5% through 2028, Verdantix released their guide to support safety management leaders in their search for platforms that fit their industry and regional requirements.

Contractor Safety Management: Industry Trends

Verdantix defines contractor safety management software as:

“Software that offers contractor pre-qualification functionality, in addition to capabilities addressing onboarding and training management, site access control, control of work and safety performance management.” (Verdantix, Buyer’s Guide: Contractor Safety Management Software, 2024)

Several trends in contractor safety management have led to the need for such a guide:  

• Growing use of contractors versus fulltime employees: While industries such as oil and gas, chemicals, and defense have always relied on specialist contractors for certain activities, more sectors including construction, manufacturing, logistics, telecom, and retail are increasing the use of contractors and subcontractors to reduce costs and easily staff international operations. According to MOB, The Contingent Labor Imperative, over the next five years, almost 77% of corporations expect their use of contingent labor to increase somewhat or substantially

• More ESG Regulations: There are an increasing number of ESG regulations governing labor rights, carbon footprints, safety, and the environment that are requiring firms to disclose not just their own information and data but also that of their suppliers and sub-contractors. According to the ESG Book, there have been over 1,255 regulation & policy interventions introduced worldwide in the past several years.  

• Increasing Awareness of Contractor Liability: An increasing number of firms are focusing on reducing the liabilities associated with using contractors and subcontractors. Hiring companies are generally seen as responsible and the perpetrator of any negative incidents, leading to significant legal, financial, and brand liabilities.

Combined, these trends have increased demand for comprehensive contractor risk software solutions.

Avetta Highlights

In their guide, Verdantix discusses two key strengths of Avetta’s solution that distinguish it from other offerings.  

1. Robust communication capabilities: The multitude of options for clients and suppliers to engage with Avetta’s solution as well as communicate with one another is a key differentiator. No-code configurations, two-way APIs, and internal communication tools allow clients, suppliers, contractors, subcontractors, and workers to “communicate directly, automate alerts, distribute enhanced questionnaires and send and receive data in real time.” (Verdantix, Buyer’s Guide: Contractor Safety Management Software, 2024) These modern data integration and communication features allow users to effectively engage with each other around compliance requirements and best practices. Such features also allow Avetta’s platform to include both client and supplier data, differentiating it from first-party data safety solutions, which typically only include client data.

2. Customer Feedback: Customer feedback is actively incorporated into Avetta’s product development, ensuring the platform evolves in response to user needs and preferences. Insights from actual customer use cases have helped enhance Avetta’s usability and streamline its onboarding and compliance processes. As a result, Avetta has some of the fastest compliance times in the industry, taking less than six weeks for the average supplier to complete.

In addition to the above strengths, Verdantix listed several major features of Avetta’s contractor safety management solution:  

• AI and OCR for Document Verification: Avetta’s use of machine learning (ML) and optical character recognition (OCR), sets it apart in the third-party risk management space. Avetta’s AI capabilities allow the platform to scan and interpret documents automatically, reducing the time and errors involved with manual reading, improving the efficiency of document verification processes, and automating data extraction.  

• Industry First Introduction of Generative AI in AskAva: ‘AskAva’, Avetta’s generative AI tool, provides real-time, contextual suggestions for safety risk at job sites. Suppliers can interact with AskAva by describing their current task and then receive suggestions on safety hazards and controls or mitigations. This feature helps workers consider safety aspects they might not have thought about initially. For example, in a recent use case where a contractor was working at heights, AskAva recommended checking for electrical safety issues, something the contractor wouldn’t have thought to investigate. Such generative AI capabilities offering real-time, interactive guidance, are not currently matched by other solutions, uniquely situating AskAva in a position to help save lives and prevent accidents on job sites.  

• Largest Network of Contractors and Clients: Avetta’s network of 130,000+ contractors and 1.6M workers across 120 countries is the largest in the industry. This provides clients with a massive pool of pre-vetted safe and sustainable contractors to quickly and efficiently hire. It also facilitates much faster onboarding of client networks, with 50-60% of new clients’ supplier networks already using the Avetta platform on average. For suppliers, meanwhile, Avetta’s pool of hiring companies offers connections to a large network of potential clients, giving them more opportunities to grow their business.

• Global Presence: Avetta’s global footprint is significantly broader than other contractor safety management solutions, who are predominantly focused in specific regions. Avetta’s systems are specifically designed for international compliance in 120+ countries and are available in 36+ languages, facilitating operations across different regions worldwide. Avetta’s configurable solution also operates in the largest number of industries including “manufacturing; chemicals; oil and gas; facilities management; retail and CPG; construction (commercial, residential and infrastructure); food and beverage; transportation and storage; telecommunications; technology and media; mining; power and utilities.” (Verdantix, Buyer’s Guide: Contractor Safety Management Software, 2024) As such, clients from a variety of verticals with goals to expand globally find it easier to expand with a provider like Avetta.  

Conclusion

Verdantix’s first ever Contractor Safety Management Software Buyer’s Guide demonstrates the strong growth trajectory our industry is currently experiencing. Such solutions offer clients and contractors the ability to keep their worksites safe for all employees. That’s why Avetta is proud to have been highlighted in this inaugural guide. Our robust communication tools, proactive customer feedback loops, large supplier network, global presence, and state of the art features like AskAva, not only help companies streamline their contractor compliance and safety programs but help ensure all their suppliers and contractors return safely home from work every day.

If you would like to learn more about Avetta’s contractor risk management solutions, our generative AI capabilities, and our industry leading supplier compliance speeds, reach out to an Avetta expert. Avetta is dedicated to helping employers every day ensure workers on their sites are protected from harm. Visit www.avetta.com.

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