Business Continuity Software

Business continuity software provides a centralized digital platform for maintaining business continuity plans, keeping them updated based on the organization’s needs. Business continuity, or business continuity management, comprehensively identifies scenarios that impact organizations negatively and cost them time and money. Business continuity software accounts for financial, operational, and physical risks and helps organizations decrease company financial loss by making intensive preparations for disasters or setbacks.

Also Read: How to Create a Business Continuity Plan

What affects business continuity?

Internal and external change of any kind impacts business operations. From natural disasters or executive leadership turnover to supply chain interruptions and skyrocketing demand, business continuity planning seeks to identify risks, then prepare every area of the organization to respond to those risks. Key areas of consideration include:

  • Finances 
  • Stored data
  • Physical premises and technology (offices, data centers, servers, networks)
  • Products (design, inventory, shipping)
  • People management (hiring, terminating, employees)
  • Relationships with third-party vendors or partners 

For example, financial risks include the sales pipeline and deals, the possibility of theft, and how many sales representatives the company has at a given time.  A natural disaster could damage or completely destroy a company’s data center. Business continuity planning takes possibilities like these into account and determines what a company will do to remain operational.

Features of business continuity software 

To mitigate risk and plan for change, business continuity platforms commonly offer:

Read Next: Top Business Continuity Software for 2021

Jenna Phipps
Jenna Phipps
Jenna Phipps is a writer for Webopedia.com, Enterprise Storage Forum, and CIO Insight. She covers data storage systems and data management, information technology security, and enterprise software solutions.
Get the Free Newsletter
Subscribe to Daily Tech Insider for top news, trends & analysis
This email address is invalid.
Get the Free Newsletter
Subscribe to Daily Tech Insider for top news, trends & analysis
This email address is invalid.

Related Articles

IT Due Diligence

Information technology (IT) due diligence is the process of investigating and understanding a company's IT systems, most often before a merger or acquisition (M&A)....

Contingency Plan

A contingency plan is a plan of action or "Plan B" for businesses to implement in extraordinary circumstances. Contingency plans most frequently go into...

Veeam

Veeam Software is a global vendor of backup and disaster recovery solutions for service providers and organizations to protect network data across hybrid infrastructures. Through...

Amazon S3 (Amazon Simple Storage Service)

Amazon Simple Storage Service (Amazon S3) is an infrastructure-as-a-service (IaaS) solution provided by Amazon Web Services (AWS) that offers scalable storage. Amazon S3 provides...

ScalaHosting

ScalaHosting is a leading managed hosting provider that offers secure, scalable, and affordable...

HRIS

Human resources information system (HRIS) solutions help businesses manage multiple facets of their...

Best Managed Service Providers...

In today's business world, managed services are more critical than ever. They can...