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At Tandem, we recognize there are a few GRC (governance, risk, and compliance) solutions on the market. So, why should you pick Tandem? Based on feedback from individuals who have chosen Tandem, here are 10 reasons, in no particular order, why over 1400 organizations have chosen Tandem over other solutions.
We recently received a question from one of our Tandem Business Continuity Planning software users.
In its simplest form, business continuity planning (sometimes referred to as business continuity management) is how you prepare for resilience of systems, business processes, and overall operations during adverse circumstances. Business continuity planning is a multi-faceted process, most often including these elements:
If your organization operates in an area which could be affected by hurricanes, your Business Continuity Plan (BCP) should include steps to help your organization prepare for the time before, during, and after a hurricane.
To have an effective Business Continuity Plan (BCP), recovery plans must be based on a Business Impact Analysis (BIA). According to the FFIEC's Business Continuity Management booklet, BIA is "the process of identifying the potential impact of disruptive events to an entity's functions and processes." There are a lot of elements to capital BIA, but for the purpose of this article, we are going to focus on the conceptual lower-case business impact analysis (a.k.a., business impact assessment). This analysis will help you make informed decisions about when certain processes can be restored and help you determine appropriate Recovery Time Objectives (RTO).
Creating a step-by-step system to evaluate and review your vendor due diligence documentation can ease the burden of vendor oversight while ensuring all vendors are monitored appropriately and thoroughly.
If you have ever worked to develop, review, or test a Business Continuity or Disaster Recovery Plan (BCP or DRP), you may be familiar with the terms Recovery Point Objective (RPO), Recovery Time Objective (RTO), and Maximum Tolerable Downtime (MTD). But what do these terms mean, how are they different, and why are they important? Let's take a look.
Yes, I was able to check the box on my audit that asked if we have a Business Continuity Plan (BCP). I was even able to say it was approved by our Board within the past 12 months. My compliance checklist is clean, but how do I know if the plan will really help during a disaster?
Click here to download a PDF document of the Pandemic Plan Checklist for BCP.
There have been several health pandemic breakouts in recent history. Some of the more notable ones include the SARS outbreak which made world news in 2002, the Ebola outbreak of 2019, and more recently, the coronavirus, also known as COVID-19, which is making world news in 2020. When outbreaks like these occur, banks, credit unions, and other critical consumer service businesses should ensure their biological pandemic plans are reviewed, updated, and tested. In this article, we will walk through four questions to ask as you evaluate and update your pandemic plan.