Accounting Automation & Beyond

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Building a Business Continuity Plan

 
 

How would your organization carry on in the aftermath of a disaster, like an extreme weather phenomenon or a cyberattack?

If you don’t have an answer ready, it sounds like you’re in need of a business continuity plan.

What is business continuity?

According to CIO.com, “Business continuity (BC) refers to maintaining business functions or quickly resuming them in the event of a major disruption, whether caused by a fire, flood or malicious attack by cybercriminals.”

A BCP (Business Continuity Plan) is something that everyone needs, but businesses rarely think about until it’s too late.

What Is Business Continuity?

According to CIO.com, “Business continuity (BC) refers to maintaining business functions or quickly resuming them in the event of a major disruption, whether caused by a fire, flood or malicious attack by cybercriminals.”

The article continues, pointing out that the best way to ensure your organization will survive a disaster is by putting “a current tested plan in the hands of all personnel responsible for carrying out any part of the plan.”

Easier said than done, right?

In this article, we’ll delve into the importance of having a BCP, the 5 steps for building one, and the best way to keep your data, documents, and processes safe.

Business Continuity vs. Disaster Recovery

Basically, a BCP is your business’s plan for recovering after the **** hits the fan. Continuity management differs from disaster recovery planning because it accounts for all aspects of the business, not just the IT infrastructure.

You can find some great BCP resources at ready.gov, a National public service campaign designed to help people respond to emergencies.

5 Steps for Developing Your Business Continuity Plan

Not sure where to start? Here are the 5 basic steps to follow when you're formulating your BCP:

planning
  1. Analysis - Analyze all areas that would be impacted by a disaster. This may be done through questionnaires and interviews, addressing each department and role. Check out this Business Impact Analysis Worksheet on FEMA.gov to get the ball rolling.
  2. Research – Research and document your requirements and your options.
  3. Development – Create your business recovery plan, in detail. This plan should include timeframes that each step will be completed within.
  4. Responsibility – Make sure each step of your plan is assigned to someone who can and will execute the plan when it’s needed.
  5. Testing – Train others on your plan, audit it, and make improvements based on the results of your tests.

Keeping Your Data, Documents, and Processes Safe

If you’re currently storing all of your data and documents on paper, it’s time for a change. After all, how can paper stand up to a natural disaster? (Sure, we all know that “paper covers rock,” but pretty much everything else beats it.)

Furthermore, if your processes are paper-based, they’re going to shut down in the event of a physical disaster.

So how can you keep your data, documents, and processes safe?

Start by going paperless. When your electronic documents are stored in the cloud, they’ll be hosted at a secure facility. Even if disaster strikes your area, your documents will remain safe. Alternatively, you have the option to store the documents on your own server, locally, while keeping backups of the data at a remote facility. Either way, your data and documents are protected from the elements when disaster strikes.

How can you keep your processes moving, even if your staff has to evacuate temporarily?

When your processes and tasks are automated and stored in the cloud using an Enterprise Automation Platform, they keep on humming along, no matter what’s going on in your physical location.

As for tasks that can’t be completely automated, they can still be added to a workflow, so they’ll be waiting in your team’s work queues when they return to work. That way, no processes get abandoned. No loose ends are left dangling. Everything gets done, even if there are some unavoidable delays.

Remember, creating a BCP is about more than just DR. You’ve also got to consider cyberattacks and other emergencies, aside from natural disasters. This means it’s also important to make sure that all of these components – your documents, data, and processes – are secure and are backed up, protecting you from potential cyber threats.

Ready to take the first step by going paperless? Download our ebook, Not Your Mama’s Guide to Going Paperless, to get started.

Going Paperless eBook

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Steve Allen

Steve Allen is the founder and former CEO of DocuPhase, a best-in-class, browser-based software that delivers unmatched efficiency to companies around the world by automating core accounting processes. He drives the innovation and product vision of DocuPhase to develop solutions to simplify the workplace.