Business Continuity Planning processes
1.You identify your top risks. You assess them. Then develop mitigation strategy ( this whole process is RM). However, note that not all mitigation strategies work. Some fail. That is where BCP comes in! (risk is you computer could be stolen and all key info lost. Mitigation strategy is that you must keep all data backed up.)
2.You prepare for the bad event. ie. What will you do in case a bad event happened? e.g. a thief may steal your laptop.
3.The incident occurs [E.g. Your laptop gets stolen, with all its data. == you face two challenges – lost data PLUS possibility of your data being stolen by a competitor or adversary.]
4.The response [someone in your office will do x and y]
5.Recovery [things will be ok as if the laptop was never stolen
Business continuity planning combines Risk Management and Disaster Recovery. The two must go hand in hand.
Unfortunately, most people do it wrongly and think the two are separate. That is bad!
We will cover all your key areas and help you love BCP and RM. Plus getting the top people appreciate why it is important.
Most banks manage the enterprise risk manually. They print a document – risk register – which usually becomes outdated quickly. Not anymore.
Our Summit Risk Manager Software automates the risk management process and gives you the freedom to sit back and think.
Regardless of your business, you need robust risk management process
•Summit Risk software improves risk management efficiency, and helps your entity get better ranking by regulator and stakeholders and risk management process become more transparent. Reduce your costs by automating the entire risk management process. Have the board and all key staff be on top of risk awareness.
•Solution is priced well compared to off-the-shelf software which are also too expensive to maintain. Save money and achieve more
•Each staff in your team gets a notification via email whenever a new risk is updated. This helps in monitoring as they email remains active until risk mitigation strategy is updated
•Each department has a risk champion, who ensures that risk update per department is timely on a weekly or daily basis depending on your risk maturity and risk strategy
•System enables multiple users and access – each user is configures to see only their section; with other users configured to see all company risks
•Risk register is updated daily – no more printed risk register which is usually obsolete
•Software ideal for any type of business – especially insurance companies who can use it for client retention (contact us and we show you how it could change your fortune). No more suffering to ensure client persistence and retention.
Are your operations being chocked with a lot of paperwork? Is your archiving and retrieval a tag of war? Are you spending a lot in searching for key records and more time linking it to your clients?
Worry No More. Say no to poor record keeping and the innefficiency this brings. Our SEDMS system simplifies record keeping. We scan and manage all your records and entities centrally; thereby saving you time and energy. Find any record and supporting documents instantly.
Storage and retrieval of records is a tough call in banks and many businesses that require fast turnaround times and documents review.
We fix that problem with SEDMS, the most advanced archiving and retrieval engine, based on some of the best open and commercial solutions available in the market today.