No one likes to deal with the reality that bad things can and do happen. But they can, and they do. How prepared is your organization to stay up and running in the event of a disaster that affects one or more of your business units or branches?
Enter Cornerstone Advisors. Cornerstone’s goal is to help you create a business continuity plan that will keep your organization operational in the face of the unexpected.
The Benefits to You
Cornerstone recognizes that disaster preparedness starts at the top, not the bottom. We work with your organization’s senior managers to identify priorities and incorporate them into a coordinated response plan.
- Your business units will be back in operation quickly with the necessary resources.
- Personnel in your organization responsible for business continuity will learn the steps that will enable them to maintain and test the organization’s business continuity plan in future years.
Our Business Continuity Planning Process
Cornerstone uses processes advocated by the Disaster Recovery Institute International (DRI) to review your organization’s business continuity plan and bring it into conformance with best practices. The four major steps of this process are:
- Enterprise-Wide Risk Assessment – Cornerstone works with key members of your business units to devise a composite threat assessment by business area.
- Enterprise-Wide Business Impact Analysis – Cornerstone works with key business personnel to identify the resources they would need at time of disaster and prioritize the restoration of their key business functions so we can determine recovery time objectives (RTOs).
- Design and Construction of the Business Continuity Plan – Cornerstone develops (or modifies) your Business Continuity Plan to accommodate recovery of the key functions of the business units.
- Testing and Maintenance of the Business Continuity Plan – Cornerstone assists you in developing a testing schedule of table top exercises and aids in the performance of the first series of tests.
The Cornerstone Differentiation
Cornerstone’s extensive knowledge of banking and the technology solutions that support banking operations, as well as the different channels that the bank’s customers use to access their services, allows Cornerstone to quickly identify a backup and recovery strategy that is right sized for your organization.
- We help you quantify and justify the need to provide for an appropriate level of preparedness that is commensurate with your institution’s size.
- We provide templates and/or assist in authoring your I.T. disaster recovery plans as needed to provide you with a “ready to go” solution
We’ve Done this Before
Here are just a few examples of work we’ve performed in this area:
- Large farming and agriculture industry lender – Risk Assessment Services
- Small Northeast credit union ($1.3 million) – IT Risk Management Consulting Services
- Large Midwest community bank ($6.2 billion) – Disaster and Voice Recovery Assessments and Disaster Recovery Implementation
- Western community bank ($478 million) – DR Assessment