As Tactive, we have set up Business Continuity Services for SMEs that aim to provide businesses with risk management measures.
Tactive acknowledges the fact that more often than not, social, political or economic uncertainty often poses a huge challenge to business continuity. Because of this, interventions that will yield the best result will be based on a combination of collaboration, data management and technology integration.
In this regard, we have set up Business Continuity Advisory Services for SMEs that aim to provide businesses with an appropriate framework to help anticipate risk and implement adequate measures to mitigate loss of revenue and defend their profit margins.
In addition, Tactive has built a platform that uses artificial intelligence in supporting SMEs to develop BCPs, Assess their Risk and provide recommendations. This automated Business Continuity Planning process is designed to mine customer insights in order to support/inform new offerings while Tactive supports them with market access strategies leveraging the continental free trade agreement.
What is the need are you focusing on?
In the wake of the COVID-19 Pandemic, analysis of current data trends in the market suggests a 0.5% decline in global GDP growth this year. Global supply chains, and market economies are likely to be disrupted over the next few months.
In Sub Saharan Africa most SMEs are unaware of their risk exposure hence are unable to plan effectively when faced with unprecedented disruptions to their business environment. 65% of CEOs express uncertainty about their ability to gather information quickly and accurately during a crisis, and 57% of them admit to feeling vulnerable because of an out of date business continuity plan. Given that SMEs represent 90% of businesses and 50% employment we believe this poses a significant risk to the global economy. Despite the role SMEs play in the global economy, most businesses lack the expertise to develop relevant new market access strategies to propel them into regional frontiers.