6 benefits Cloud system can provide to your Disaster Recovery and Business Continuity Plans.Aashiel Shah
We have been hearing this since our childhood “Hope for the best and prepare for the worst.” We never know what is next in line for us and similarly, this proves true with business as well. So much is going on globally from legislative and administrative changes to pandemics and businesses have to be prepared for any natural or catastrophic disaster that may face. Payroll heroes need to help their organizations from going through this stage and convey a positive employee experience alongside being compliant with the laws. Taking a very recent example of COVID-19 that’s in headlines since January 2020 and is still catching fire everywhere. Employees are approached to telecommute; numerous workplaces have been shut for quite a while and the economy has slacked down. This has raised concern amongst businesses and has forced them to think over their disaster recovery and business continuity plans.
The word disaster comes from old Italian where ‘Dis’ means bad and ‘Aster’ means the star that is a bad star or something unfavourable in nature. Disaster can happen anytime and it’s imperative to be set up with a solid disaster recovery and business continuity plan which would assist it from coming out of the disaster and keep it running smoothly.
Being a payroll professional, we understand how important and critical payroll is as it is performed by the people and for the people. Imagine a situation where you have been processing thousands of payroll records and your system crashes, all of your hard work is washed in a go, the data is lost and what makes the situation even more unpleasant is, you have a deadline! How awful this situation would be? Payroll experts have now begun thoroughly considering this and so more and more payroll bureaus are moving towards Cloud Software which not only offers great value but is also employee-friendly.
Here are a few points that portray how Cloud software can not only ease out your life but also offer you protection against any such hazard:
- Data back-up and recovery: Your data is stored in a secured cloud environment making it accessible from anywhere in the world. This enables you to back up and recover your data in case of any disaster. You can discuss the bespoke solution based on your requirements with your system vendor and the service is available on-demand. By and large, system vendors have alternatives of full, incremental and differential back-ups. If there should arise an occurrence of any coincidental information erasure, defiled data or system failure the data could be recuperated in a matter of moments.
- Minimal Downtime: We know about our per hour administrative cost yet have we at any point calculated how much does an hour of downtime cost to our business? Organizations are severely dependent on IT these days and this goes well within the Payroll industry as well. Despite such advancement of the technology, downtime can happen and it’s important to have a plan to manage your business downtime. Because cloud software works quickly on restoring data in case of any disaster, the company saves its cost to fix the systems and protects itself from any significant impacts like revenue loss, compliance failure, customer dissatisfaction and a damaged reputation caused due to downtime.
- Cost Efficiency and Scalability: Compared to desktop-based systems, cloud-based software offers high scalability and cost-efficiency. In a payroll industry where payroll bureaus take the charge to process thousands of payrolls on monthly basis, it’s important to have a system that offers you the flexibility to scale up as required and Cloud providers are all ready to support your growth, all you have to do is speak to your provider and get the additional resources and pay only for what you use. In case of any disaster, cloud-based options offer you to recover all your data in few minutes however while considering any such solution it is significant that a business thinks beyond the expense of the arrangement since it cost more to not have it.
- Reliability: Cloud system providers are associated with data banks which ensures maximum availability of your data and this makes it even faster to restore your lost or corrupted data.
- Failover and Failback capabilities in the cloud: Failover is a process in which a system automatically transfers control to a duplicate system when it detects an outage. After a disaster maintenance period, failback starts and restores production to its original location. Thanks to the flexibility provided by cloud infrastructure these processes become easy.
- Cloud Service Level Agreement: Cloud Service Level Agreement (SLA) is a contract between parties that defines the services provided, the indicators associated with it, acceptable and unacceptable service levels. They additionally include details on recourse and penalty in the event of any inability to deliver the service promised.
To have a foolproof disaster recovery and business continuity plan it’s important we must understand the benefits that cloud systems can provide. The good news is you with adequate planning one can navigate through any disaster strongly.