Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

It Pays To Have A Business Continuity Plan

It Pays To Have A Business Continuity Plan – It Wasn’t Raining When Noah Built The Ark!

New Zealand compliance publisher Brookers Ltd and international accounting network Moore Stephens International have joined together to offer New Zealand businesses a cost effective solution to preparing business continuity plans. The BusinessWise Continuity Planner, released today, is an innovative and intuitive software product which walks business owners and managers easily through the steps required to prepare an individualised plan.

Business continuity planning aims to identify how a business can be rebuilt if it loses access to key data or client information, or how it will continue operating without power/gas, or is affected by fire. The Continuity Planner draws on Moore Stephens International’s extensive experience in this area.

Brookers General Manager Product Development, Haydn Davies, says a recent study by DHL Express showed that 92% of businesses saw the need for a continuity plan, but 41% did not have one in place.

“And 48% of those who didn’t have a plan in place cited workload issues as the main hindrance, with 24% simply being unsure how they should start planning,” he said.

Mr Davies said Brookers and Moore Stephens International believe many New Zealand businesses would be interested in the new product as a means of ensuring their future survival.

“In the event of a disaster or significant outage, it’s businesses with a recovery plan which will survive,” he said. “The businesses who plan for continuity during and after such events will ultimately be those that succeed and grow. They will do this not only by keeping their businesses going, but also by winning customers from businesses without such a plan.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>



REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>



Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>



ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>


Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>