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15th May 2007 – 80% of UK businesses claim to have a full or reasonable business continuity plan in place, according to research by document management and imaging company, Version One (www.versionone.co.uk). This is a 20% increase on January 2006 figures when Version One carried-out similar research. However, the current findings also highlight that organisations’ claims are not always substantiated by fact.

Version One surveyed senior staff from 75 UK organisations to determine whether their businesses would survive a severe disaster, such as a bomb or a fire. Of those surveyed, 37% of respondents claim that their organisations have a full business continuity plan in place (80-100% business recovery within 12 months) and 43% claim to have a reasonable plan in place (60-79% business recovery within 12 months of a disaster). The remaining 20% have an unsatisfactory plan in place or are not aware of any business continuity plans, making their recovery following a disaster questionable.

Although 80% of businesses with a full or reasonable business continuity plan in place is an encouraging statistic, Version One’s research questions whether the facts support the claims. Of these 80%, 32% of respondents fail to explain what their organisation’s business continuity plans involve. Of the remaining respondents, only nine (15%) confirm that their organisations have plans which cover all the key areas of on-site security, staff/office re-location, communications, IT-back-ups and secure document storage. Ensuring documents are securely stored in an electronic archive is an area which fewest organisations have considered - only 17% of companies with a plan have worked this into their business continuity strategy.

Tony Bray, Version One’s sales and marketing director says of these findings, “It’s heartening that so many organisations are claiming to have business recovery plans in place should the worst happen. However, it’s also clear that companies who claim to have reasonable plans are failing to consider all areas of the business when preparing for a disaster.”

Bray continues, “Companies may think they are prepared for a disaster when, in reality, there are big holes in their recovery plans. Backing-up IT systems is often the first business continuity consideration, whereas secure document storage is an area which businesses often fail to address. As few organisations could survive the total destruction of their business documents, it’s vital that electronic document storage technology is factored into every company’s disaster recovery plans. Failure to do so could mean failure of the business should the worst happen!”

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About Version One www.versionone.co.uk

Version One Ltd is the author of electronic document management and imaging software. These solutions enable the automated electronic storage, retrieval, management, enhancement and delivery of business documents such as invoices, purchase orders and statements. This 'paperless office' technology is seamlessly integrated into all major ERP and accounting systems and with a typical ROI of less than six months, Version One's solutions are enabling thousands of organisations to save dramatic amounts of time and money.

Contacts:

Catherine Murphy, Version One
Email: catherine.murphy@versionone.co.uk
Tel: +44 (0)1625 856505 or 07771 746056

This press release was distributed by ResponseSource Press Release Wire on behalf of V1 Ltd in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.