Concepts & Continuity Policy

We are committed to providing the best possible experience/relationships to our clients, employees, shareholders, and contractors.

To ensure the consistent availability and delivery of its products and services, Fannix Technologies Limited has developed the following Business Continuity and Disaster Recovery (BC/DR) policy in support of a comprehensive program for BC, DR and overall business survivability.

We see ourselves as a forward looking group of passionate technologists with the relevant experience to match.

We are often exposed to potential risks that could disrupt or destroy critical business functions and/or the production and delivery of Company goods and services. Our strategy for continuing business in the event of an incident is to ensure the safety and security of all employees; and to continue critical business functions, production, and delivery of products and services from predefined alternative sites.
Each department in the Company is responsible for preparing current and comprehensive business continuity plans (BCP) for its operations. Certain departments, such as Information Technology (IT), are also responsible for disaster recovery plans (DRP) to ensure that any damage or disruptions to critical assets can be quickly minimized and that these assets can be restored to normal or near-normal operation as quickly as possible.
When a plan is completed, approved and implemented, each plan will include procedures and support agreements which ensure on-time availability and delivery of required products and services. Each plan must be certified annually with the business continuity policy compliance process through the BC/DR Team.

Business Concepts

We intend to create a continually/ageless solution provider, our vision in Fannix Technologies Limited spans across the lifespan of the founders and Fannix is not a one-man business company, but a separate entity. We have created a system that will outlast its owners.

Going Concern & Prudence
Concept

Our business entity is in good condition and will continue to be in business in the foreseeable future; revenue and profits are included in the balance sheet when they are realized.

Matching & Materiality
Concept

Transactions affecting both revenues and expenses should be recognized in the same accounting period; minor events may be ignored, but the major ones should be fully disclosed.

 

Separate Entity
Concept

The business a separate business entity from its owners and as such free from any external encumbrances which may arise from these positions. 

Objectivity & Realization
Consulting

Financial statements should be based only on verifiable evidence, including an audit trail; any change in the market value of an asset or liability is not recognized as a profit or loss until the asset is sold or the liability is paid off.

Transparency of Operations
Concept

Financial statements and their notes contain all relevant data; profit are realized only after the capital of the firm has been restored to its original level, or maintained at a predetermined level.

Social Corporate Responsibility
Concept

We make effort to improve the society that accomodate our operations. Our efforts range from donating money to nonprofits to implementing environmentally-friendly policies in the workplace to contributing to events that develops the society in general.

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