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.
Record destruction is almost more important than retention, but relying on the manual deletion of records is time-consuming and the potential for human error puts organizations at risk. 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 AIIM, only 47% of organizations have a records retention plan in place. Many organizations are unsure of what they should or should not be keeping and by default, many just keep everything, which puts the organization at an even greater legal risk.
What if you could setup comprehensive records management with one simple system? With PaperVision®, you can create an efficient records retention policy, mitigate your compliance risks, and save money by lowering overall records retention costs for your organization. Additionally, you’ll gain the ability to quickly locate and securely access your business information, improving organizational efficiency and employee productivity.
Learn how you can securely manage your records with this 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.