Risk and resilience software provider, Protecht, has enhanced the business continuity features of its Protecht ERM’s operational resilience module.

The advanced Protecht operational resilience and BCM module brings together purpose-built visual asset mapping and impact analysis tools, which outline the key details of critical services, including the maximum tolerable disruption, impact tolerance and risk assessments.

Protecht users can now assess the accuracy of impact tolerances by linking the outcomes of scenario assessments to important business services. An interactive dashboard enables users to monitor in real time health scores across numerous key factors, including risks, controls, actions, vulnerabilities, incidents and actions, whilst highlighting the dependency of third parties.

Gary Lynam, director of advisory and customer success, Protecht Group said: “Operational resilience should form an integral part of any organisation’s risk management framework and we believe the optimal solution is to integrate the operational resilience process within your ERM system. The ability to leverage existing ERM taxonomies and cross reference existing risk and BCM activities in building out resilience playbooks will be significant in demonstrating organisations are enhancing capabilities on ‘pathway to sophistication’. That’s what our improved operational resilience module provides, out of the box.”

Since trialling the new features, client GVS Prepaid Europe (the company behind the multi-store gift card, One4All), says it is now well positioned to fulfil its Consumer Protection duties.

Andrew Wilmot (pictured), head of operational resilience at GVS Prepaid Europe said: “We take compliance, risk identification and risk management as well as process documentation seriously. We chose Protecht’s ERM for our governance, risk and compliance system, and use its operational resilience module to monitor regulatory obligations and perform regular assessments of our compliance; the mapping functionality to enable clear oversight and optimisation of the operational resilience of important business services while detecting key vulnerabilities and assigning mitigation actions. As such, we are well positioned to fulfil our Consumer Protection duties by sustaining our business continuity, reducing unscheduled downtime and providing total visibility of our GRC ecosystem, leveraging the Protecht ERM platform.”

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