The risks utility companies face while using multiple vendors and contractors is constantly underscored by continually increasing industry regulations. As an electric utility company, failure to manage these risks can expose your company to regulatory fines and penalties, reputational damage, financial reporting errors, monetary losses, litigation, and worse. Supply chain transparency and workplace cultures that value comprehensive safety trainings are no longer optional. At FIRST, VERIFY, our risk management software is meant to help you navigate the constantly changing electric utility industry in the safest, most efficient way possible.
The solution? FIRST, VERIFY offers one place for the electric utility industry to:
- Mitigate risk by prequalifying contractors
- Manage certificates of insurance & critical documents
- Audit your contractors
- Conduct online safety orientation
“With FIRST, VERIFY, we were able to retire the spreadsheets and paper forms and transfer to a web-based application that streamlined our process and introduced a highly-efficient process for our contractors.”
Electric Utility Solutions
At FIRST, VERIFY, we have designed an easy to use, efficient, risk management software that can help your electric utility company manage the ever-changing complexities of the industry while minimizing risk to both your company and your employees. If you have any questions about our risk management or vendor information management solutions, we urge you to learn from the safety experts at FIRST, VERIFY. Contact us today to learn more about industry trends, how to close risk management gaps, and more.