Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Business Continuity Planning, BCP

Business Continuity Planning is the process of documenting how an organisation will respond to events that impact its operations.

The aim of a BCP is to restore and resume critical and essential functions as quickly as possible, with minimal disruption. 

BCPs are especially useful for responding to vendor risk including unfulfilled obligations, non-compliance and poor performance. 

Gatekeeper allows you to request BCPs from your vendors and store them against their contact records: 

  • Using 'Events', which are available on all Gatekeeper plans, you can request a BCP, assign an owner and set a due date. 
  • An alert is sent via email to the relevant third-party and notifications can be sent for every day the BCP is not included.  
  • Vendors can attach their BCPs via email and it is automatically captured in the 'Files' section of your contact records.

Discover how Gatekeeper can help your business to manage Business Continuity Plans by watching the webinar below.