RecoveryPlanner: Plug in and Play

Today’s sophisticated capital intensive market for risk analytics is an important, if not critical, component of risk management. “Measuring concrete risks, at a minimum, will help to establish a baseline for strategic decisions and can also help to identify department and critical business function recovery actions,” informs Monica Goldstein, COO of RecoveryPlanner. Paraphrasing Monica, the underlying risks are relatively the same regardless of an organization’s choice—cloud or non-cloud technologies. “An organization may have to deal with issues such as a provider’s transparency, performance issues, system failure, meeting SLAs and compliance/ security issues, as hardware and data residing outside of the organization’s direct control may potentially result in non-compliance with laws and/or regulations,” says Monica.

In this set up, the search for a reliable “problem solver” ends with RecoveryPlanner. With the introduction of Cloud and SaaS service providers such as RecoveryPlanner, organizations are now benefitted with a scalable and available Risk Software platform (RPX).

The veteran believes that RPX is a comprehensive solution offering all of the critical elements required for Enterprise Risk Management, including Business Continuity Management, Operational Risk Management, IT Risk Management and IT Vendor Risk Management among others. “The flexible infrastructure allows for the integration of different elements of Enterprise Risk Management within a single product,” delineates Monica.

Assessment of Threats, Documenting and Tracking Risks, and Reporting and Scheduling form the most important functionalities of the product along with it being an integrated, shared, and scalable solution. This allows for customization of industry specific templates that helps clients to utilize application frameworks specific to their industry requirements and enables clients to identify threats as they impact business lines, suppliers or vendors as well as site locations. Being web-based software the customer is also at a position to access RPX from their mobile devices.

“RPX is simple to access, navigate, and utilize by technical and non-technical people throughout the business,” assures Sherri Flynn, CISM, MBCP, Risk and BCM Professional.