The 2026 Verdantix Green Quadrant: 2026 Process Safety Management Software report offers revealing insights for solution offerings from 11 PSM software vendors.
What is PSM and why should it matter to you?
PSM provides a structured framework for managing the safe handling of hazardous chemicals across industries, including oil & gas, chemicals manufacturing, pharmaceuticals, and food & beverages. The application of PSM-based controls helps prevent process failures and toxic chemical releases that could result in catastrophic exposures, fires, and explosions.
Several international regulations outline standards for PSM in chemicals handling, including the U.S. Occupational Safety and Health Administration’s (OSHA) PSM standard (29 CFR 1910.119) requiring facilities that handle highly hazardous chemicals to implement a comprehensive management program. The OSHA PSM standard outlines and defines 14 interconnected components:
- Process Safety Information (PSI) – chemical and equipment data
- Process Hazard Analysis (PHA) – systematic threat evaluation
- Operating Procedures – safe work instructions
- Training – ensuring workforce competency
- Contractors – safe outside-worker integration
- Pre-Startup Safety Review (PSSR) – pre-operation verification
- Mechanical Integrity (MI) – equipment upkeep and testing
- Hot Work Permits – managing flame/spark risks
- Management of Change (MOC) – reviewing facility changes
- Incident Investigation – learning from near-misses
- Emergency Planning – community and plant response
- Compliance Audits – periodic program reviews
- Trade Secrets – information access rules
- Employee Participation – worker involvement
The Verdantix view
According to Verdantix, some firms invest in software to cover many different industrial risk management usage scenarios, but other buyers are interested in digitalizing their entire PSM approach.
To help buyers looking for a PSM solution, the 2026 Verdantix PSM Green Quadrant report provides detailed analysis of functionality used to meet PSM objectives as defined by OSHA and other regulatory agencies. Analysis covers functionality and capabilities for:
- Process Hazard Analysis (PHA)
- Process safety information management
- Hazardous chemicals management
- Control of work
- Incident management
- Management of change
- Mechanical integrity and asset health
- Process safety risk management
A drill-down into these categories is provided, to identify leaders in specific functionality areas and assessment criteria for each. Based on the proprietary Verdantix Green Quadrant methodology, the analysis encompassed live briefings, customer interviews and vendor responses to a detailed 120-point questionnaire, covering 13 capability and 10 momentum categories.
In addition, David Metcalfe, CEO and co-founder of Verdantix recently analyzed Wolters Kluwer Enablon’s product vision of operational excellence through integrated risk management – a key element of PSM best practice. Find out what he has to say by downloading the report.
These Verdantix reports are a great starting point to help you choose the best PSM software solution for your organization.
By creating safe and reliable operations, organizations embark on a path to greater operational resilience and business performance. Start your journey towards a more effective and robust PSM program by choosing the right software.
Enablon PSM software
Achieve safer, more reliable operations with Enablon Process Safety Management (PSM) software. Our integrated solution delivers real-time visibility into risks and controls, enabling organizations to act before incidents occur.
- Integrate all PSM elements into a unified system, improving coordination, compliance, and risk prevention.
- Dynamically manage risks with real-time barrier monitoring and bowtie diagrams that reflect current conditions and overall operational risk exposure.
- Improve workplace safety by implementing effective hazard controls and gaining real-time insights into plant conditions and evolving risks.
- Optimize work without compromising safety by linking safe work permits to maintenance insights, risk assessments, barrier statuses, and lessons learned.