SOURCE: Wolf & Company, P.C.
BOSTON, MA--(Marketwire - Oct 22, 2012) - WolfPAC Solutions Group, a division of Wolf & Company, P.C., today announced the launch of its new Business Continuity Planning module, an integrated online business continuity planning tool designed for financial institutions, businesses, health care providers, and other organizations. The new Business Continuity Planning (BCP) module integrates with the Business Continuity Risk Assessment and Business Impact Analysis modules and will vastly improve an organization's ability to capture, organize, and centralize the policies and response procedures necessary in the event of a business disruption.
"WolfPAC developed the Business Continuity Planning module to minimize the continuing challenges and escalating costs that come with creating and managing a business continuity plan that remains relevant with the changing business and regulatory environment," said Michael Cohn, director of WolfPAC Solutions Group. "These are powerful yet easy to use tools that ensure that the most up-to-date and efficient response plan is in place. Like all of the tools offered by WolfPAC Integrated Risk Management, the Business Continuity Planning module will help our clients achieve a better view of the risks throughout their organization and put in place the best solutions to mitigate the risks and document the planned responses."
The BCP module is a risk based online tool that facilitates easy updates to an organization's policies and procedures to support business continuity thereby ensuring it is always current. It provides accurate documentation of recovery points and recovery times for critical business functions to seamlessly recover business operations due to a serious disruption in which key people, technology, and processes become unavailable. This will ensure the business minimizes potential losses and remains in compliance with internal and external (regulatory) mandates.
"Having an accurate and up-to-date business continuity plan in place is a high priority for our institution because it is crucial to ensuring that our branches and operation centers remain in operation servicing our communities if disaster were to strike," said Christine McGowan, senior vice president and director of Information Technology at Rockland Trust.
When used with the full WolfPAC Integrated Risk Management suite of online tools, the BCP module integrates continuity planning with IT risk management and vendor management to create a comprehensive view of the needs and risks that can occur during a disruption. The WolfPAC BCP module is available separately or as part of the WolfPAC Integrated Risk Management suite of online tools.
WolfPAC provides financial institutions with an integrated set of online tools and best practices guidance to create a centralized view of their risk profile across people, processes, and technologies, helps reduce exposure to risk and counter the rising costs of compliance. WolfPAC was created and is operated by the experienced financial service professionals at Wolf & Company, P.C. who have a mix of strategic, operational, and technical skills. WolfPAC is used by hundreds of financial institutions across the country.
About WolfPAC Integrated Risk Management
WolfPAC Integrated Risk Management is a secure, hosted enterprise risk management solution used to automate the identification of risks, threats, and control gaps. Developed by financial professionals in 2004, WolfPAC provides tools to review and monitor information technology, privacy, vendor, regulatory compliance and other enterprise-wide risk assessments and programs. Quarterly methodology updates are designed to align with changing business environments and emerging compliance and examination standards. A robust suite of reports allows management to analyze their control gaps and benchmark risk profiles against peers. WolfPAC keeps institutions safe and sound, and maximizes the outcome of strategic objectives.
About Wolf & Company, P.C.
Wolf & Company, P.C. is entering our second century providing assurance, tax, risk management and business consulting services throughout the Northeast. Clients can expect direct involvement from the Firm's owners and senior management, and responsive service from a multi-disciplinary team. Our collaborative service strategy enables us to develop a deep understanding of clients and their business needs, and to maximize opportunities while navigating any potential obstacles.
Wolf's areas of focus include Financial Institutions, Investment Advisors, Family Businesses, Employee Benefit Plans, Educational Institutions, Technology Companies and High Net Worth Individuals. The Firm employs over 180 people, and has offices in Boston and Springfield, MA and Albany, NY. Wolf is registered with and inspected by the PCAOB, and is a member of PKF North America, a national and international affiliation of CPA firms.