Need for backup
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Need for backup The question of the need tobackup Bivio data files has been raised in our club. Shoul the club take action to backup thier data files in Bivio oris the information captured by Bivio and can be captured again by the Finance Officer in the event his/her computer crashes? Hi John,
We had the same concerns when we switched over to bivio 8 years ago. At the time, we were assured that bivio maintains multiple backups on multiple servers, all of which are in separate locations (i.e. not in Denver where the company is physically located). We've never had an issue or a problem. bivio has a stellar reputation, and even NAIC figured out how good they were by FINALLY announcing their support of the software last year. Fear not! But if it will help you sleep better at night, maintain a hard copy of your valuation statements, member status report and monthly activity report. Bank and broker statements can provide the rest, in the event of WW3.
Lynn Ostrem, VP
Crow River Investment Club
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