Outsmart disruption with the leading Operational Resilience solution
Identify critical operations, set impact tolerances, test scenarios and map resilience in a simplified dashboard view.
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Disruption is inevitable
Multimillion dollar data breaches. Pandemics. Devastating weather events. Geopolitical conflict. Climate change. Cybersecurity & economic disruptions... to name a few. It’s not a case of ‘if’ disruption might happen, but when. And most companies simply aren’t prepared. Data from BCG shows that only 10% are resilient and thriving.
When any disruption occurs that impacts operations, your company must be able to respond quickly and well. You may have to accelerate digital transformation, make real-time decisions, and pivot your operational practices rapidly.
This is Operational Resilience. It’s critical for all businesses, and it’s a critical component of a modern GRC framework.
Who is operational resilience relevant for?
Operational resilience is relevant and important to every business, regardless of your company size or industry. While larger organisations typically have more resources to invest in resilience, Small and Medium-sized Enterprises (SMEs) are equally vulnerable to disruptions.
Similarly, any organisation that relies on external suppliers, partners, or vendors must consider operational resilience, as disruptions in their supply chain or service providers can affect their operations.
Operational resilience has particular importance for Financial Services firms, which are highly regulated and face significant operational risks.
Drova for operational resilience
There's only so far spreadsheets can take you when it comes to building operational resilience. Manage current and future risk with purpose-built software.
Important Business Services
Clear and easily accessible list of important business services
Automated reviews
Automatic creation, allocation and notification of scheduled reviews
Respond quickly to changes
Adhoc reviews resulting from a material change to your business
Map to 3rd parties
Mapping to 3rd parties to show relationship considerations
Easy-to-use dashboards
BI Dashboards for high level analysis
Scenario testing
Scenario testing, recording findings and resolutions
Build a resilient organisation
Drova delivers a world-first Operational Resilience solution with modules designed to help you ensure you are operating within acceptable impact tolerances.
Who is operational resilience relevant for?
Start by pinpointing your crucial operations and the resources supporting them.
Drova helps you:
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Create a central list of essential services.
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Assign responsibility and prioritise them.
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Connect these services to other records in the system, like third-party links, risks, and events.
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Ensure that the resources needed for key operations can adapt during disruptions.
Set impact tolerances to
ensure operations stay on track
Define acceptable levels of disruption and ensure your critical operations always stay within these limits.
Drova allows you to:
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Set tolerance levels for processes and resources.
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Differentiate between minor inconveniences and unacceptable harm.
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Implement controls and safeguards for testing and managing potential shocks.
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Keep operations within tolerance levels and inform your team if you're within acceptable limits.
Put real-world disruptions to the test
You'll be able to use the platform to conduct robust scenario testing, which is vital for ensuring operational resilience.
Drova helps you:
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Access to an AI-powered library of suggested scenarios.
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Easy setup for guided scenario tests.
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Clear results compared to your impact tolerances.
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Measurement of tolerance over specific timeframes.
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Detailed tracking of all scenario tests in one place.
Manage risks associated with third-party providers
Keep track of third-party resources and reduce associated risks.
Drova allows you to:
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Identify third-party resources supporting your operations.
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Maintain a register of material service providers and their contracts.
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Conduct due diligence and attestations with service providers.
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Manage financial and non-financial risks by linking contracts with compliance records.
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Test resources managed by service providers with integrated scenario testing.