Sponsored by AvidXchange
Today’s reality forced real estate businesses to drastically adjust operating procedures and quickly put their continuity plans to the test. And it’s become crystal clear which of their business processes are critical to maintaining operations.
Did you know that only 37% of businesses had the necessary technology in place to enable employees to work from home and only 54% felt equipped to continue paying their bills after transitioning to remote work?
In light of this current crisis, business continuity and disaster planning may very well emerge as the number one priority for real estate management companies.
In AvidXchange's newest e-book, Identifying Gaps in Preparedness: How to Bolster Your Business Continuity Plan we discuss several key focus areas for strengthening your plan, including:
- Resource identification and planning
- Critical processes impacted and risk mitigation
- Plan implementation, maintenance and team communication