Why should business continuity planning be a high priority task for every organisation?
Even though more organisations do now have a business continuity plan in place, there is still a very high percentage that do not. The financial cost of lost business is often more than people anticipate but the really damaging impact is the loss of customers and reputation.
In today’s highly competitive market place, customers are more likely not to return, especially if they find another supplier who would be able to continue trading in the event of a ‘disaster’. Research has also shown that 80% of companies which do not have a business continuity plan, do not recover from a major incident.
Interestingly, approximately 29% of UK businesses were affected by the severe weather conditions in 2009 and this has prompted some to re-visit their risk management strategy in order to minimise disruption and ensure continuity of service to its customers.
One of the most important assets of any company has to be its information – accounts paperwork, client files, HR records, technical manuals etc. Storing any of these in paper format is an accident waiting to happen! In the case of a fire or flood, paper will be destroyed and this, in turn, will have a catastrophic effect on any business.
Electronic storage is the best way to ensure that business records are safeguarded from any kind of disaster and companies should always include electronic document management as an integral part of any business continuity plan.
For advice on how to protect your company’s paperwork by storing it electronically, please call The IPC Group on 08081 45 46 47.