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Octfolio’s abestos information management software launched last week along with a supplementary website.
The platform took three years to develop, before beta versions with sent out to institutions like Ergon Energy, Byron Shire Council, and the Department of Finance and Deregulation.
Owned by investment company Tulla Group, Octfolio was founded by one-time Elders Resources chief executive Kevin Maloney– also a Tulla chairman.
Exposure to asbestos is a known cause of mesothelioma, asbestosis and lung cancer which has prompted a plethora of state and federal legislation and safety measures.
The software aims to make it simpler to comply with legislation covering asbestos and to use asbestos-related databases such as the National Asbestos Register.
“Octfolio has developed the first and only fully integrated tool that will map, classify, quantify and enable the strategic cost-effective removal of asbestos from workplaces and homes,” Octfolio managing director Darren Anderson said.
The software has been rolled out at Queensland’s Ergon Energy, which uses it to manage its entries in the National Asbestos Register.
“They said to us they had been paying the Queensland government millions a year to do the audits and (asked if we had) a better solution,” Octfolio chief technology adviser Mark Kay said. He said the Octfolio software automated the process of generating and submitting field reports from asbestos-affected sites.
“Imagine Ergon Energy trying to do that across thousands of different sites,” said Mr Kay.
“Now the auditors use tablets to collect information in the field so you don’t have that paper handling.”
The software also automatically generates reports after auditors submit their findings,and will reportedly reduce the costs of the exercise by up to 75 per cent.
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