5. Remove the risk; reduce the cost 6 December 2011 Page Information storage costs Email, documents, duplicates, etc. Legal discovery costs Searching for business records relating to litigation cases, etc. Operational discovery costs Operational efficiency and productivity, etc. Risk of non-compliance Sarbanes Oxley, SEC, FDA, HIPAA, FOI, eCommerce Directive, etc. Risk of litigation Records retained incorrectly, etc. Risk of information loss Business continuity, disaster recovery, etc. An inadequate document and records management policy and solution exposes any business to unnecessary risks and costs. Less risk Lower costs
6. Records Management components 6 December 2011 Page Records Management solution - logical components Records Management solution - IT components Fileplan Appraisal procedure Retention period Disposal schedule Transmission schedule Records Management software E-Mail Management software Storage platform Identity Management software Digital Signature software