Why is records management important in the workplace pdf

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Proper Records Management (RM) control, managing who can access and modify key document records, is an integral part of achieving compliance within these Making relevant data easily accessible allows companies to take decisions faster so that they can stay ahead of the competition or make an informed decision. Why is records management important? Records are information assets and hold value for the organization. Organizations have a duty to all stakeholders to manage. Ultimately, Records Management ensures that institutional records of vital historical, fiscal, and legal value are identified and preserved, Before we explain the importance of those principles – effectiveness, efficiency, accountability, and transparency – we need to define evidence and records.1) Reduces Records Volume and Storage Costs · 2) Effective Retrieval of Records · 3) Enables Regulatory Compliance · 4) Enables Business Continuity · 5) Automates