Most organizations are required by law to retain and dispose of records after a set period of time to comply with various state and federal regulations. Without an Enterprise Content Management (ECM) system and a formal records retention policy, organizations can face legal ramifications that may result in million dollar fines and executives can be held personally responsible.
In today’s complex business environment, a records management program with processes that are consistent, repeatable, and auditable is crucial to the success of any business. However, according to a recent AIIM survey, only 47% of organizations have a records retention plan in place.1 Not having a solid records retention policy in place can lead to costly fines.
What if you could build a records retention policy with one simple system? Learn how you can securely manage your records with our easy-to-read two-page industry brief that is designed to help you understand the specific technology you need for a strong records retention program.
By leveraging ECM solutions, you can create an efficient records retention policy, mitigate your compliance risks, and save money by lowering your overall records management costs.