PORTLAND, Ore .– (BUSINESS WIRE) – NAVEX Global®, the market leader in integrated risk and compliance management solutions, announced today that it has been identified as a representative vendor in Gartner’s “Market Guide for Business Continuity Management Program Solutions” report dated January 21. 1
Gartner: “Even before the outbreak of the COVID-19 pandemic, organizations began to realize that traditional BCM planning was insufficient for modern challenges. COVID-19 exacerbated this, and many organizations found that recovery plans were often inadequate. The persistence and scope of the pandemic has shown to what extent business processes are interconnected and interdependent. Significant organizational disruptions are likely to occur more frequently in the future as businesses, technologies, and the global environment change. In response, permanent changes are required to the way BCM has been carried out. ”
“Business continuity plans tend to focus on risks such as IT outages, natural disasters and power outages, where the impact is limited to a specific function and the event is over quickly. Last year we looked at how risks affect an entire organization Affect organizations and can last indefinitely To safely manage the multitude of risks, the mindset needs to be shifted to an integrated, holistic approach that provides a complete picture of potential risks, “said Haywood Marsh, general manager of NAVEX’s Lockpath division Global. “We believe Gartner’s designation as a representative vendor increases our value to our customers.”
With the help of business continuity planning, companies can minimize the effects of potential disruptions, reduce recovery times and improve the resilience of the company. NAVEX Global’s award-winning Lockpath platform helps organizations plan and manage the inevitable storms through a comprehensive and integrated approach to risk and resilience.
A free copy of the Business Continuity Management Program Solutions Market Guide, 2021 is available for download here.
1 Gartner, “Business Continuity Management Program Solutions Market Guide, 2021,” David Gregory, Roberta Witty, Jan. 5, 2021.
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About NAVEX Global
NAVEX Global is the world’s leading provider of integrated software and services for risk and compliance management. Thousands of customers around the world rely on our solutions to manage risk, meet complex regulatory requirements, create ESG programs for companies, and promote ethical workplace cultures. Please visit the NAVEX Global website and our blog on Risk & Compliance Matters for more information. Follow us on Twitter and LinkedIn.