Software enables users to comply with FFIEC requirements.
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Press Release Summary:
Web-based PLANet 2.0 incorporates business impact analysis (BIA) and testing module that enables credit unions and community banks to build and maintain plans compliant with FFIEC and NCUA requirements. BIA questionnaire, along with risk assessment module, provides complete picture of operational and financial vulnerabilities. Also included, Test My Plan module guides users through steps of setting goals for test plan; recording problems during testing; and recording test results.
Original Press Release:
Strohl Systems Releases PLANet 2.0; Enables Users to Comply with FFIEC Business Continuity Guidelines
KING OF PRUSSIA, Pa., Jan. 25 -- In response to new federal business continuity planning (BCP) regulations and guidance, Strohl Systems has released a new version of its Web-based PLANet tool for credit unions and community banks. PLANet 2.0, now with a business impact analysis (BIA) and a testing module, enables users to completely meet Federal Financial Institutions Examination Council (FFIEC) and National Credit Union Administration (NCUA) requirements.
The award-winning PLANet allows community banks and credit unions, which may have minimal resources or expertise to devote to BCP, to build and maintain compliant plans quickly and easily. The Credit Union National Association (CUNA) and other financial organizations endorse PLANet.
The new BIA questionnaire, when coupled with PLANet's existing risk assessment module, can provide a complete picture of an organization's operational and financial vulnerabilities. It can help the financial institution develop appropriate and effective strategies for recovery following business disruptions. The new Test My Plan module guides organizations through the steps of setting goals for each test plan, assigning processes, employees and resources to the test, recording any problems encountered during testing, and recording test results.
"PLANet has been our fastest growing service with nearly 400 financial institutions using it to build their plans and manage business disruptions," said Brian Turley, President of Strohl Systems. "This newest version of PLANet provides community financial institutions with a comprehensive plan that is exactly what government auditors are now requiring."
Additionally, PLANet 2.0 has 10 new recovery scripts, three new recovery roles, 33 new reports, enhanced document management capabilities, a streamlined importing process, many new fields, and security access settings to manage multiple users.
About Strohl Systems
Strohl Systems(R) Group, Inc. provides business continuity planning software and consulting services to corporations worldwide. Strohl develops and supports software tools that are consistently the most innovative, advanced, and flexible of their kind. Strohl Systems' products include LDRPS(R) business continuity planning software, BIA Professional(R) business impact analysis software, Incident Manager(R) command center automation software, and NotiFind(R), an emergency notification system. In addition, Strohl offers PLANet(R), an Internet-based BCP tool developed specifically for community banks and credit unions. Strohl Consulting Services' offerings are designed to manage the business continuity process from start to finish or provide more strategic assistance. A 27-year-old, privately held company, Strohl Systems is headquartered in King of Prussia, Pa., and can be found on the Web at http://www.strohlsystems.com/.
CONTACT: Kevin Miller, Public Relations Coordinator, Strohl Systems, +1-610-205-8396, kmiller@strohlsystems.com
