Records Management

All recordkeeping systems are required to have the following:

  • Reliability (consisntent capture, organization access to records)
  • Integrity (no unauthorized alteration, destruction, removal)
  • Permanence (cannot be tampered with, altered, or improperly deleted)
  • Comprehensiveness (management of all records created and stored as a normal continuous activity of all units in an organization)
  • Compliance (created and maintained in a manner that is consistent with all policies and procedures that apply to organizational records)

Benefits from an energetic and systematic records management program include: control of the creation, volume, redundancy, and growth of records; Reduction of operation costs through active management and intelligent outsourcing decisions; improvement of overall efficiency and productivity; assimilation of emerging records management technologies; ensuring legislative, regulatory compliance as well as other risk-management concerns, such as litigation; safeguarding the organization's vital information, including historical records; supporting enhanced performance and productivity of business processes and enabling quicker and better management decision making.

Did You Know?
At any given time, between 3 and 5 percent of an organization's files are lost or misplaced. The average cost of recreating a document is $180. Annual loses for a Fortune 1000 company with one million files is $5 million dollars (Information Week)


 

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