Benefits of business continuity management systems

Think about business continuity management systems as the glue for managing risk. But, aside from reducing risk, there are several other benefits a well-structured BCMS can provide. Certifying to ISO 22301 can give your BCMS added substance that reaps the following rewards: 

1) Helps your business stay compliant with regulatory requirements

ISO 22301 is the Standard for business continuity management that helps your business stay compliant with legal and regulatory certifications. In essence, the ISO 22301 Standard can show that your business has made the necessary efforts to meet legal requirements that demand an efficient business continuity management programme. This means you can prevent any potential fines, avoid sticky legal issues, and preserve your reputation by remaining compliant. 

2) Strengthens the resilience of your business

A resilient business enhances the scope with which you can react to different events occurring. At any given moment, an unexpected event may occur and its far-reaching impact and scale will vary. Contingency planning based on the scale of an event and proposed impact gives you an extra layer of protection to help keep things ticking over. A business continuity management system solidifies your organisation, helping you to withstand any adverse impact and help your business come out the other side in a better place. 

3) Reduces risk to minimise adverse impact

Reducing risk is something every business should take into consideration. With an ISO 22301 business continuity management system, you’ll have the blueprint to identify and assess potential risks to your business operations. You’ll be able to navigate any choppy waters safely with the impact on your business minimised. 

4) Be on standby to tackle any emergencies adequately

Depending on the type of event that has taken place, there can be a large amount of loss, waste and reduction of your business’ resources. A BCMS can make or break the impact of said event. In the immediate aftermath of an event, identifying and analysing promptly and proactively is key. Are your core products and/or services affected? Is there an appropriate level of contingency planning to effectively tackle the potential issues of service disruption? 

5) Proper planning means a boost for your brand

Across any sector, the business brand is central to the success and reputation of the brand. Protecting your brand by adopting PR or communication strategies, particularly in times of crisis, is something every business may have to consider at some stage. That’s where your ISO 22301 business continuity management system is on hand once more to steer you away from a costly PR crisis. 

The objective for individuals in charge of crisis management is to prevent or at the very least, limit harm to the organisation’s profitability, reputation, and operational capability. Meeting the ISO 22301 Standard verifies that the necessary precautions are taken to make this happen. Business continuity is all about bridging the gaps seamlessly, creating increased confidence and trust in your brand.