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Business Continuity Planning

Having a business continuity plan for your company is essential in today’s IT-driven world. TCG offers Business Continuity Planning services to help your company ensure that there is little or no downtime for clients in the event of a system failure.

Business continuity planning is a methodology to ensure that your company survives major catastrophes. TCG has assisted banks with business continuity plans in over 30 countries. But why is having one so important?

Why You Need a Business Continuity Plan?

Crisis Management

The heightened risk of terrorist threats since the September 11 terrorist attacks, coupled with equally unpredictable natural disasters, underscores the critical importance of effective crisis and business continuity planning.

Crisis management has become an increasingly important aspect of modern business management, linking the functions of risk management, business continuity, security, emergency response and recovery

The process of creating a proper business continuity and contingency plan is a complex undertaking, which involves a great deal of work in a number of stages and activities. It is incredibly important to have such a plan, however, as there are a number of risks and potential disasters that could occur if your company is not prepared to meet their challenges.

With the current developments in the international financial environment, preparation for the worst and inevitable is no longer a luxury, but a necessity. Many major international organizations have encountered difficulties from the effects of September 11, 2001 in New York. But the flooding of Prague in 2002 also showed the effects of a natural disaster on the community and the corporate climate and the necessity of business continuity plans.

Companies without proper business continuity and disaster recovery plans were unfortunately hit the hardest during these disasters, costing them large amounts of money in lost business during the periods they were affected. But it’s not just natural disasters or national security threats that can put companies at risk.

Increased dependency on computerized production, computerized information systems and sales delivery mechanisms also put companies at a greater risk of a system failure. If such an event were to occur, large amounts of data and operations would be lost. Computerized systems are also at risk of attack from viruses and hackers, even with proper IT and security safeguards in place. A virus or other attack on your systems can do a lot of damage to your organization and put your clients at risk. A business continuity plan will allow your company to recovery quickly and easily from any sort of computer-based attack or system failure, thereby avoiding downtime and a loss of profits during that time.

But even existing business continuity plans need re-adjusting as theory and practice do not always follow each other naturally. There are certain building blocks upon which a business continuity or disaster recovery plan may be built, but each company must have a unique plan tailored to its practices. We can create a custom plan for you, fine-tuning it during maintenance and testing phases to ensure the plan is workable in real time and is up-to-date with your company’s current systems. TCG has highly educated and experienced personnel to help you in all aspects of creating a business continuity plan:

All businesses need a business continuity plan. Small- to medium-sized businesses are at a greater risk of failure following disruptive incidents. Experience has shown that most companies failures are caused by the inability to retrieve or recover their systems’ data following such events. The failure to implement a proper business continuity and disaster recovery plan is similar to running a business without full insurance coverage.

Contact TCG for more information on how a business continuity plan could safeguard your company and your clients and how we can put one to work for you.