Importance of records and information management in organisations


Unfortunately, some organisations currently downplay the significance of records management, even though records and information management is essential for any company that generates or receives records and information because it provides benefits including cost savings and enhanced productivity. Furthermore, if a reliable records and information system is put in place, it helps guarantee:
• Adherence to legal requirements;
• Improved workflows
• Cost savings;
• Increased morale;
• Efficient retrieval;
• Reduction of hazards;
• Data protection;
• Preservation and conservation of information.
But over time, the following have happened to businesses which neglected to set up an appropriate records and information management system:
• Failure to follow audit procedures;
• Noncompliance with laws and regulations;
• Absence of accountability and openness.
• Information loss;
• Cost increases;
• Legal ramifications, among others.


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