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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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