In a crisis situation, you can’t afford downtime and delays. Business continuity management is more important than ever, and Ncontracts has the resources to help.
Business continuity is about more than planning. It’s about doing the work to establish continuity procedures prior to, during, and after the crisis. It’s about ensuring that your financial institution can manage a crisis (such as the COVID pandemic, which is still having repercussions on our health, our economy, and the culture we’re living and working in) from a position of powerful preparedness.
What is “powerful preparedness”?
Powerful preparedness is the ability to make the most of difficult situations. To know that your organization can not only overcome challenges, but find ways to continuously improve, so that each crisis becomes a springboard for learning. (We also like to call it “the upside of risk.”) With an effective business continuity plan in place, powerful preparedness gives you the confidence to know that you can move forward and succeed through any scenario.
Testing is essential to business continuity management. Seeing your plan in action (without the added pressure of a crisis) allows you to train stakeholders and fix bugs ahead of time. Then, you can develop a streamlined process that will click into place when it’s needed.
Testing provides information that can help your team refine its disaster response and
remediation processes, creating a business continuity plan that leads to resilient, responsive
business continuity management.
Financial institutions are essential to supporting business survival and economic recovery, so your business continuity plan has to be up to speed. We’re here to help. Our software is designed to help your organization manage and maintain business continuity throughout a crisis situation, whether it’s a pandemic, natural disaster, or cybersecurity event.
Just as your BCP is only part of your business continuity management, your disaster recovery plan is only one element of your BCP. It’s your to-do list in the face
Once you’re past the initial crisis, you’ll want to take a look at how your BCP held up.
And examiners will certainly look to assess your business continuity management, to
ensure that your organization is continuously improving its procedures.