Nobody wants to think they might need to implement a disaster recovery plan, but proper planning could enable your firm to survive a disaster. What processes do you have in place for backing up critical data? Consider where and how your paper documents are stored. Think about important electronic documents within your network.
Now, lock the doors and walk away. How would your firm re-establish operations? If you take that thought process and expand it and begin thinking about what you would need to resume operations then you have the beginnings of a disaster recovery plan.
Using an EDMS allows multiple backups to be stored at offsite locations providing a means to recover your data in the event of a disaster.
In the event of a disaster, the goal is to be able to quickly procure a temporary office, install computer systems and restore all required documents and information that enables a business to function. The biggest differentiator between a backup plan and a disaster recovery plan is maintaining a copy of your critical documents in an off-site location.
BONUS Benefit #6 – Return on Investment (ROI)
An EDMS can be a very valuable tool for accounting firms. Take a look around your office and plug in numbers that make sense for your firm and see what your ROI would be with this ROI calculator: http://www.cabinetng.com/downloads/ROI-Calculator.xls.