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Business Continuity Software Buyer's Guide
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Business Continuity Software offers the all-in-one solution for Business Continuity Planning and Business Continuity Management. It encompasses tools and systems that help you develop strategic business continuity (BC) and disaster recovery (DR) plans so that your business keeps running under threats such as data breaches, or unforeseen disruptions like inclement weather, power outages, political insurgency or, even a disease outbreak. It aims at making your organization disaster-proof.
What is Business Continuity Software?
Business Continuity Software is software designed to boost the efficiency and accuracy of Business Continuity Planning (BCP) and Business Continuity Management (BCM) processes, metrics, and compliance. In simple words, Business Continuity Management Software ensures that the business continues to operate, no matter the circumstance.
What are the Features of Business Continuity Software?
A Business Continuity System is used to protect the business interests of organizations. The tools of Business Continuity Software help identify the internal and external threats an organization faces and help the companies prepare/respond to these threats with greater competence. Let’s understand some of the features -
› COMPREHENSIVE
Business Continuity Software is one holistic program for your business continuity planning and business continuity management systems. It saves you from buying multiple software programs for your business continuity and disaster recovery needs. Most Business Continuity Management Systems offer SaaS-based solutions that are easy to implement and don’t require any technical expertise.
› INTEGRATED
Being a single and totally integrated system, a Business Continuity Management Software helps in reducing the time and effort required to get a job done. It keeps the data flowing throughout the Business Continuity Planning process-it saves you the time and reduces workload as you are not required to enter/re-enter data manually into generic spreadsheets and word-processing tools.
› BUSINESS CONTINUITY MANAGEMENT TOOLS
The software is equipped with tools that provide complete protection of your data, local-backups as well as cloud-based recovery, on any device and across any location.
Tools like BC/DR plan templates, a built-in editor tool ensure that your continuity plan is headed the right way. The baseline methodology of Business Continuity Software comes with tools that provide guidance and boost implementation.
Question-based BC/DR templates boost your efficacy, are engaging for employees and stimulate them to think.
› INTUITIVE AND EASY-TO-USE
The easy-to-use interface of the software allows you to create your Business Continuity Services like disaster recovery, pandemic and crisis management plans with ease and minimal effort. With a single click, you can configure your way to a management solution that best fits your needs.
› EASY PLAN CUSTOMIZATION
Business Continuity Management System has an easy to use word processor interface which allows you to create plans in a matter of hours. It comes with customizable, pre-built templates that save time and help you focus more on developing the BC/DR plans rather than unnecessary tasks.
The modern template of Business Continuity Software also helps reduce training costs as training can be easily customized. End-users can learn the business continuity planning method, as well as the use of the software tool, at their convenience, from any location.
What are the Benefits of Business Continuity Software?
The benefits of having a Business Continuity Management Software are many. It offers a modern platform which is flexible, functionally extensive and encourages cross-functional participation. Let’s discover how a Business Continuity Software can benefit your Business Continuity Plan and overall programs -
› PROTECTS YOUR ORGANIZATION
With the optimal use of its guided processes, Business Continuity System develops a comprehensive continuity program based on the business processes and resources of your organization. The business continuity tools can help you with disaster recovery, data center resiliency, business resumption and recovery, crisis management, emergency management, and contingency planning.
› ENSURES COMPLIANCE
Business Continuity System ensures that organizations and their business partners are compliant with certain standards and regulations. For example, business continuity standards can be determined with ISO 22301 and similar ISO 223xx series.
Similarly, cybersecurity compliance, a key part of BCM, can be determined with the ISO/IEC 27000 series which helps organizations keep their assets like employee details, finances and intellectual property, secure.
› HELPS MAINTAIN DATA
The tools of Business Continuity Management Software ensure that the data of an organization is accurate, comprehensive, well-organized and up-to-date. It digitizes and centralizes your business continuity and disaster recovery plans and also helps you get rid of unnecessary documentation.
› PROVIDES VISIBILITY
Business Community System enhances visibility into the company and its BCM program, through integrated data-sharing capabilities. This makes it easier for senior management and stakeholders of the company to stay informed about the program, thus enabling a quicker response during any disruption.
› AUTOMATED
The Business Continuity System provides automatic and continuous improvement that boosts user experience and improves platform performance. It automatically updates any plan changes through the entire business continuity program. It provides alerts and guidance and updates, whenever required.
The programs are cloud-based and therefore, the maintenance and updates happen automatically, reducing the workload of your employees.
With a change in technology, businesses change at a rapid rate. The obsolete platforms are unable to match pace in terms of scalability and agility. A modern Business Continuity Software offers modular building blocks that can be added whenever your organization needs them.
› TIME EFFECTIVE
Business continuity systems are agile and designed to facilitate a quick response and recovery. Equipped with upgraded technology that minimizes failure, these business continuity tools develop data-driven business continuity/disaster recovery plans, help document procedures, digitize your documentation and help increase the availability of critical operations across your organization, thus reducing the time you spend managing and maintaining plans.
An automated data-gathering tool of Business Continuity Software gathers information automatically, thus helping reduce time and effort significantly. It also minimizes the error which may occur while collecting information through emails, phone calls or face-to-face interactions.
What is the Cost of Business Continuity Software?
Today, businesses change at a much faster pace than in the past. Homegrown applications or DIY methodologies often fall flat and are unable to match pace with this rapidly changing scenario.
In this light, it becomes imperative to develop a program which is established on modern tools and templates. In general, such a program costs more than the traditional DIY approach.
Depending upon the features that your Business Continuity Program is loaded with, the cost revolves between $60 to $2000 per month.
Best Business Continuity Software equipped with state-of-the-art tools can cost as high as $88,915 annually.
Most software companies offer a free trial period so that you are in a better position to understand if the software actually works for you.
Conclusion
Business disasters can impact any organization, whether a big corporate house or a small-sized company. It calls for a business continuity management software to ensure the smooth running of business even under adverse conditions. Best Business Continuity Softwares lean on the latest technology to facilitate workforce productivity by giving employees the flexibility to work from anywhere safely and securely.