A Business Impact Analysis (BIA) is a process for identifying and evaluating the impact of business disruptions on an organization. The purpose of GRC Toolbox’s BIA is to identify an organization’s critical functions/business processes and associated resources that are essential to the continuation of business operations.

Business Continuity Planning (BCP) is a process designed to ensure that an organization can operate in the face of unexpected events and disruptions to business operations. In order to accomplish this, GRC Toolbox allows business continuity plans to be created directly in the solution or stored and managed centrally as documents.

Exercises and tests are activities designed to test and improve the response and effectiveness of BCM plans and strategies in various scenarios. The GRC Toolbox helps to plan the exercises and to document the results of the exercises, including any findings and improvement actions.

Thanks to the integrated approach of the GRC Toolbox, BCM can be linked with other topics such as IT Risk Mgmt., Security, Third Party Risk Management or even Contract Management, e.g. to have common master data or to establish cross-divisional workflows and gain insights into operational resilience.

Quickly identify where your BCM program has weaknesses or where there is potential for improvement. The BCM Dashboard allows you to monitor program progress and respond quickly to ensure business continuity.