Does your business have a disaster recovery plan? Well they should. Without a plan, sensitive data and information could be lost forever should something ever happen to your physical files. Could your business survive that? You may think "Oh, that'll never happen to my business." However, it's always best to prepare for the worst and hope for the best.
A recent survey by Concur revealed that sixty percent of small and medium businesses still keep important files in a filing cabinet. If that’s you, we need to talk. Your staff may absolutely rock the filing system you have, but it’s putting your business at risk.
The Facts about Disaster Recovery
- That same survey showed a 42 percent error rate on paper-based invoice reconciliation. That can put your revenue at risk.
- A 2015 Towers Watson study shows that 47 of HR departments still use paper, while a National Small Business poll shows that nearly half of small businesses keep the records for employees for up to seven years after termination. As an employer, those paper files can put your compliance status at risk.
- A recent Nationwide survey revealed that nearly two-thirds of small businesses don’t have a disaster recovery plan. Other studies have found that 25% of small businesses don’t re-open after a disaster. Paper can be packed up, but it can’t be backed up. Losing your records would put your entire company at risk.
Is Your Business Prepared for a Disaster? Ask Yourself These Questions:
- Do we have a plan in place?
- How long can our business be down before we're in bigger trouble?
- When is the last time we tested our data backup?
Find out how electronic document management can help reduce the risks hiding in your file cabinet. Putting in version controls, automated workflows and backup procedures can give you peace of mind and improve collaboration, innovation and efficiency.
SumnerOne offers best-in-class solutions to keep your business running smoothly and safely. For more information about our services, give us a call. Together, we can work to ensure the safety of your data in the event disaster strikes.
Originally published May 31, 2017, updated September 26, 2018