Mastering the art of agility by leveraging readiness and response capabilities
Business continuity plans, recovery strategies, and crisis response plans can be complex, overwhelming, and time consuming – and they can stand in the way of agility in the midst of a crisis.
Impactful plans and effective strategies involve a detailed and comprehensive analysis of potential risks and disruptions that could impact your business operations. This is why each year, organizations invest time, energy, and money into evaluating their current procedures and practices to ensure that they’re implementing improved planning strategies where necessary – however, their efforts tend to have varying degrees of success. That success relies heavily on available tools and resources — and, shockingly enough, ACCA and PwC’s global research report states that 82% of finance professionals are still using spreadsheets as their main tool to help manage planning and response. However, spreadsheets are a static planning tool that lack real-time visibility into the impact of disruptions and do not account for the evolving and unpredictable nature of crises.
The most effective business continuity tools, capabilities, and features are characterized by their adaptability, real-time visibility, and purpose-built design. This allows organizations the ability to create practical and efficient plans that will prepare them to respond to and recover from disruption swiftly — while also easing the exhaustiveness of response and planning efforts.
Reinvent how you plan for and respond to disruption
The past few years have shown us that disruptions are only becoming more frequent. Organizations are constantly exposed to potential threats, so being able to successfully manage your responses to them is critical.
To ensure organizational resilience in the face of disruption, Fusion® has enhanced its Dynamic Planning and Response capability. This expanded functionality helps users with challenges related to efficiently managing steps when assigning strategies and improves their ability to identify impacted assets for recovery.
Increase program efficiency with Fusion’s Strategy Manager
It’s been proven time and again that the lack of a holistic view yields inefficient strategy management efforts, resulting in overlooked program gaps. This emphasizes the importance of having a complete and integrated perspective on key aspects of your organization so that teams are enabled to formulate and execute strategies effectively. Having a comprehensive view of your organization provides clearer direction, aligns efforts, and helps organizations stay focused on their long-term goals as they effectively navigate through challenges.
For efficient strategy management, Fusion has developed our Strategy Manager — a capability that has been specifically designed to simplify strategy management. Users can leverage the ability to view and manage steps needed when assigning strategies and understand the full recovery scope through plan-to-plan dependencies, in addition to being more proficient when managing strategies from the process and plan.
Accelerate recovery with Fusion’s Asset Recovery Tracker
How do you ensure that you can effectively and efficiently restore your critical business functions and operations following a disruptive event or disaster? A great place to start is to ensure that recovery planning is a strategic priority. These efforts must allow seamless coordination and integration across different teams and functions within an organization. A few essential components of recovery planning include having a thorough understanding of impacts, prioritizing response efforts, allocating resources, and facilitating communication and this begins with the ability to enable asset tracking.
Teams should be able to clearly pinpoint exactly what needs to be recovered during an incident, pull relevant information, and adapt to each unique situation quickly. All of this requires a more robust asset tracking approach which can be attained using Fusion’s Asset Recovery Tracker. The feature allows you to spend less time trying to understand what the response should entail during a disruptive event and identify impacted assets for recovery — thus enabling the ability to keep downtime to a minimum while strengthening your organization’s resilience posture.
Get started with Dynamic Planning and Response today
Eliminate confusion around which steps are needed when assigning strategies and become more efficient when managing strategies from the process and plan. By utilizing Fusion’s solutions, you can leverage a data-driven approach to Dynamic Planning and Response.
To learn more about how to start using Fusion’s Dynamic Planning and Response capability, contact your Fusion Account Manager or request a demo today.