When Disaster Strikes, Treasury Can Strike Back

Topics:
Commercial Banking,
Crisis Communication,
Sarbanes Oxley Compliance
Tags:
Banking,
Business Continuity,
Data Management,
Disaster Recovery,
Financial Services,
It Services,
Penton Media Inc.,
Treasury
Source:
Penton Media

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Overview: Several shifts in the business environment have raised the profile of disaster planning - also known as business continuity planning in the past few years, particularly within treasury. For starters, cash management operations have become increasingly dependent on their IT systems. Most treasuries now are linked by computer networks to other departments within the enterprise and to their banking partners. A problem in any part of a system can spread rapidly. Sarbanes-Oxley has prompted many organizations to take a hard look at their business continuity arrangements. Companies' disaster recovery plans should include provisions for sustaining the rigorous financial controls that the legislation mandates.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Aug 2005 | Pages: 5

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