Though it may sound dull, records management is a vitally important part of any business. Not doing it right can cost a lot of money in lost productivity, compliance issues, exposure to liability or lawsuits and security breaches. Thankfully, records management today has improved significantly since those days of pen and paper.
Ideally, your company’s record management strategy will organize information so that it’s timely, accurate, accessible and complete. While this can be difficult to handle, there are partners out there who work with record management programs or enterprise platforms — and in today’s liability-obsessed climate, they have become a near-necessary expense.
Not convinced? Here are three reasons why you can’t afford to not improve your company’s record management system: