Records management's function in the financial sector
Records management and finance are essential components of organizational functioning. Records management involves the systematic control of an organization's records, ensuring proper creation, maintenance, and disposal. On the other hand, finance deals with the management of monetary resources, budgeting, and financial reporting. While records management focuses on information governance and compliance, finance concentrates on optimizing financial performance and decision-making. Both play crucial roles in achieving organizational efficiency, transparency, and compliance with regulations. This introduction sets the stage for exploring their distinct yet interconnected roles within an organization. Records management plays a crucial role in finance by ensuring the systematic organization, storage, and retrieval of financial documents. It helps maintain compliance with regulatory requirements, facilitates auditing processes, and enhances transparency in financial transactions. Prope...