Follow the Rule: Document Management for Compliance

Here is a word that is sure to make you shudder: Compliance.

Often, when executives hear words related to compliance and retention requirements, their first reaction is to panic and start asking questions. Am I saving documents long enough? Are they being saved in the right format? If someone asks, could I find a specific document? Am I properly auditing?

This sheer panic as to whether or not organizations are meeting record retention requirements often causes people to not only store documents longer than they need to, but to keep numerous paper copies in expensive filing cabinets and storage rooms. And, while this may seem to be the safe way to meet government regulations, keeping box after box of paper legal documents and financial information may actually be a detriment to your organization because...