ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Allied Cooperative® Reduces Worker's Comp Loss Ratio by 70% using VelocityEHS Safety Solutions

CHICAGO, Dec. 04, 2024 (GLOBE NEWSWIRE) -- VelocityEHS, a global leader in enterprise EHS and ESG solutions, proudly announces that its customer, Allied Cooperative, achieved a 70% reduction in its worker’s compensation loss ratio in just nine months.

In 2023, following the merger of Allied Cooperative and ProVision Partners Cooperative, the organization identified an opportunity to modernize its safety management practices, transitioning from a primarily paper-based program to a data-driven approach.

“The biggest reason for looking into a software system was to easily gather data to help us establish the right metrics to drive change. We wanted insights to help us identify where administrative controls, policies, and programs were needed to reduce workplace incidents,” says Jerrod Buchholtz, Safety Director, Allied Cooperative.

After evaluating various options, the company selected the VelocityEHS Safety solution. By leveraging its Incident Management, Audits, and Inspections capabilities, Allied Cooperative gained the tools to identify and address critical safety concerns.

The analysis revealed that most injuries were due to slips, trips, falls, contusions, and sprains. With the insights gained through Velocity’s software tools, location managers were able to implement preventative controls in high-risk areas and significantly reduce the number of incidents. This both optimized productivity and drove risk reduction resulting in positive gains to Allied’s bottom line.

“Helping our clients achieve results like these is what drives us,” said Matt Airhart, CEO of VelocityEHS. “Allied Cooperative’s success demonstrates the power of proactive safety management. Our solutions are designed to anticipate and prevent injuries before they happen, ensuring safer workplaces and better business outcomes.”

Read the full case study to learn more about Allied’s program.

About VelocityEHS

Relied on by more than 10 million users worldwide to drive operational excellence and achieve outstanding outcomes, VelocityEHS is the global leader in true SaaS enterprise EHS & ESG technology. The VelocityEHS Accelerate® Platform is the definitive gold standard, delivering best-in-class software solutions for managing Safety, Ergonomics, Chemical Management, Contractor Safety & Permit to Work, Operational Risk, ESG and Environmental Compliance.

The VelocityEHS team includes unparalleled industry expertise, with more certified experts in health, safety, industrial hygiene, ergonomics, sustainability, the environment, AI, and machine learning than any other EHS software provider. Recognized by the EHS industry’s top independent analysts as a Leader in the Verdantix 2023 Green Quadrant Analysis, VelocityEHS is committed to industry thought leadership and to accelerating the pace of innovation through its software solutions and vision. Its privacy and security protocols, which include SOC2 Type II attestation, are among the most stringent in the industry.

VelocityEHS is headquartered in Chicago, Illinois, with locations in Ann Arbor, Michigan; Tampa, Florida; Oakville, Ontario; London, England; Perth, Western Australia; and Cork, Ireland. For more information, visit www.EHS.com. 

VelocityEHS Media Contact

Jennifer Sinkwitts
734.277.9366
jsinkwitts@ehs.com


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.