Optro, formerly known as AuditBoard and a leader in AI-powered governance, risk, and compliance (GRC) platforms, has announced the launch of its Business Continuity Management (BCM) solution. This new offering is designed to help organizations ensure the continuation of critical business functions—such as payroll processing, security operations, and customer support—during and immediately after a disruption. The announcement was made at Optro's flagship global customer conference, CRX EMEA, held in London.
New Data Reveals Overconfidence in Recovery Capabilities
Alongside the BCM solution debut, Optro released a data report titled "When Business Continuity Fails." The report, based on a survey of over 500 audit, risk, compliance, and BCM leaders across North America and EMEA, highlights a significant gap between confidence and actual performance. While 92 percent of leaders expressed confidence in meeting recovery objectives, among the 76 percent who faced a third-party disruption in the past two years, fewer than half actually met those objectives. Moreover, four in ten of those disruptions cost enterprises $1 million or more.
Key Features of Optro's BCM Solution
Optro's BCM solution aims to close this gap and build true operational resilience by enabling organizations to:
- Gain cross-functional context: Map key business processes with their dependencies, owners, vendors, and associated risks in a single view within the Optro platform.
- Create always-current plans: Connect plans to processes to automatically populate criticality ratings, recovery time objectives, and recovery point objectives, updating in real time as assessments change.
- Simulate real-world disruptions: Link tabletop exercises directly to business continuity plans and automatically pull in all related processes and dependencies for a complete picture.
Industry Perspectives
Kate Marechal, Director of Operational Risk and Risk Services at Shawbrook Bank, commented: "We believe Optro's BCM solution will allow us to bridge the gap between risk management and operational response. By gaining a single view of our business processes within the same platform we use for audit, risk, and compliance, we should be able to better understand what's critical to our operations, plan for disruptions that could materially impact our business, and test those plans to remediate issues before a disruption happens."
Happy Wang, Chief Product and Technology Officer at Optro, added: "Most organizations are confident in their continuity plans on paper, but when disruption actually hits, fewer than half deliver on their objectives. With our BCM solution, customers will be able to seamlessly integrate their business continuity programs with their audit, risk, and compliance data, providing the GRC intelligence needed to move beyond static reporting to proactive strategy and true operational resilience."
Availability and Further Information
Optro's new BCM solution is being demonstrated at the CRX EMEA conference in London. For more details on how Optro is transforming risk into opportunity through its AI-powered GRC platform, or to download the full report, visit Optro.ai.
