Friday 21 December 2018

Capital Management Solution: Planning Ahead For Disasters

By Sandra Lee


Be it a natural disaster or something else, when it comes to recovering from a business disaster, the results can be quite damaging. However, there are quite a few things, as capital management solution, you can do to get your organization back up on its feet and running successfully again.

In today s world, you cannot afford to not be tech savvy. Everything is changing in such a way that you need to be able to function without the need for physical space. With that said, if you are an old cultured company, you need to consider remote working so that if there is a natural disaster, you can always complete everything from your home. Start introducing this to your staff to get them to adapt to the idea so no one is left stranded and work does not go on hold.

You should always have a list of the vital items that you need to remember to take with you if things go bad and you need to evacuate. For instance, you may be a facility where you have client s funds secured on the premises. And unfortunately, this is cash and not in an account, so you would need a plan to et it out and remember firstly, that it is there before running out.

The best way to do this is to give each and every person a responsibility. If they are in charge of certain departments, they will make sure it happens. Perhaps you can have one or two people be in charge of heading people out the building safety, whilst the others will grab client data.

The one thing that people run around trying to do is let others know what happened to them and they are fine. To make sure that this message is sent to everyone that matters, such as family, friends and your customers, you should have a version of this response saved somewhere that everyone has access to. The best would be to send this out as a bulk email so that everyone gets the same message.

If you do decide to make the move and work from home now and then you would need to make sure that you avoid keeping physical documents. It will be much harder to meet staff and clients, so it is best to move everything to the cloud as well as shared drives so everyone has visibility of the work that is being done, and it is stored in one safe place.

It is important to have a team that is dedicated to monitoring for disasters. This could be staying alert of certain changes in the market that could directly impact you or checking for hackers or something else. But when you have the heads up you can start putting together a plan of action before it turns into a disaster.

Although you may feel this is tedious and would rather wait for disaster to strike, that could be more damaging and could cost you more in the short and long run.




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