PORTLAND, Ore.--(BUSINESS WIRE)--NAVEX Global®, the leader in integrated risk and compliance management solutions, today announced that the company has been identified as a Representative Vendor in the January 21 Gartner “Market Guide for Business Continuity Management Program Solutions” report. 1
According to Gartner, “Even before the onset of the COVID-19 pandemic, organizations were beginning to realize that BCM planning carried out in the traditional way was inadequate for modern challenges. COVID-19 exacerbated this further, with many organizations finding that recovery plans were often insufficient. The pandemic’s persistence and reach highlighted the extent to which 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 changes. Permanent changes to the way that BCM has been carried out are required in response.”
"Business continuity plans typically focus on risks such as IT failures, natural disasters, and power outages where the impact is limited to a particular function and the event is over quickly. Last year shed light on how risks can affect an entire business and last indefinitely. To confidently manage the array of risks requires a shift in mindset to an integrated, holistic approach that provides a complete view of potential risks," said Haywood Marsh, General Manager of NAVEX Global’s Lockpath business unit. "We believe being named by Gartner as a Representative Vendor reinforces our value to our customers."
Business continuity planning allows organizations to minimize the impact of potential disruptions, shorten recovery times and improve organizational resiliency. NAVEX Global’s award-winning Lockpath platform helps organizations plan for and weather the inevitable storms through a comprehensive and integrated approach to risk and resiliency.
For a complimentary copy of the Market Guide for Business Continuity Management Program Solutions, 2021, please download it here.
1 Gartner, “Market Guide for Business Continuity Management Program Solutions, 2021,” David Gregory, Roberta Witty, January 5, 2021.
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About NAVEX Global
NAVEX Global is the worldwide leader in integrated risk and compliance management software and services. Our solutions are trusted by thousands of customers around the globe to help them manage risk, address complex regulatory requirements, build corporate ESG programs and foster ethical workplace cultures. For more information, visit NAVEX Global’s website and our Risk & Compliance Matters blog, follow us on Twitter and LinkedIn.