Case Study: Oil & Natural Gas Company boosts supply chain compliance by 60% with Veriforce

Leading Oil & Gas Company Sees 60% Compliance Boost Across Supply Chain

A major oil and natural gas company faced significant challenges in managing the risk and compliance of its vast supply chain, which included over 500 third-party contractors. Its previous system was inefficient, with critical data being decentralized and difficult to manage, making it hard to ensure contractor safety and insurance compliance. The company partnered with Veriforce to adopt a more advanced contractor management solution.

Veriforce implemented a customized program, working closely with the client to create new policies, standard operating procedures, and integrated systems. This solution centralized data and provided the tools needed for enterprise-wide risk management. As a result, the company saw its insurance compliance rate skyrocket to 96%, a more than 60% increase, while also achieving a continuous downward trend in its TRIR safety scores and fostering a stronger safety culture.