The entire world was going through a radical change in response to the outburst of COVID-19. Social distancing as a pandemic precaution affected the majority of industries. Henceforth, man...
The entire world was going through a radical change in response to the outburst of COVID-19. Social distancing as a pandemic precaution affected the majority of industries. Henceforth, many organizations had to redefine their work culture from personal to remote. and also from offline to digital to ensure Business Continuity plan and Compliance.
When working in a digital workspace, businesses can render documented resources such as manuals and policies for compliance and business continuity outdated.
. Mainly because of its limited and poor accessibility.
When creating a Business Continuity Plan, the first factor is to consider digitizing your compliance policies.
Secondly, keeping them centralized – on-premise and over the cloud. Business Continuity Plan makes enterprise-wide information available instantly in case of a major disruption.
In these difficult times when there was external uncertainty, internal stability helped to ensure compliance and resilience despite the turbulence.
In addition to digitizing and centralizing compliance policies, it is also important to regularly review them. However, it is also crucial to update them to ensure they reflect any regulatory or business practice changes. This helps companies stay current with compliance requirements and reduce the risk of non-compliance.
In addition, a comprehensive business continuity management solution should also include regular testing and training. It will ensure employees are prepared for potential disruptions. This can include simulated drills, training sessions, and tabletop exercises.
Since the environment is dynamic, so are the disasters. Therefore, you need to have operational resilience, which is definitely imperative. However, it is important to have a team responsible for executing operational resilience, as BCM alone is not enough.
Therefore, automating the processes to achieve operational resilience is the need of the hour. It will lead the team with clear roles and responsibilities. the Team will be equipped with the necessary tools and resources to effectively execute the plan, as a result,
With AutoResilience©, organizations can streamline their GRC, ESG, and resilience management processes, reduce costs, and improve their overall risk posture. With faster deployment, early warning mechanisms, and automatic action plan identification, your company has a fair chance to survive!
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