Remove Compliance Remove Digital transformation Remove Records Management Remove Retail
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Record Retention Policy for Businesses: A Strategic Guide to Compliance and Efficiency

Armstrong Archives

Keeping track of your records as a business has never been more important. Whether it’s maintaining regulatory compliance or simply making tax season easier, an effective record retention strategy is paramount. This act mandates the retention of financial records and audits for a minimum of five years.

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Digital preservation high on the agenda at recent Information Governance and Records Management conferences

Preservica

This theme is a clear reflection of the IGI 2017 Benchmark research, which revealed that 80% of companies aim to realize direct business value from their long-term digital information.

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State of the Global Capture & IDP Market

Info Source

Data is extracted, validated, and augmented to create the required information for a business process related to an Accounting Workflow, Case Management type applications, to comply with Records Management requirements or to fulfill analytics or discovery needs. CAPTURE INPUT SOURCES.

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Infosource Global Capture & IDP Vertical Market Analysis 2022-2023 Update

Info Source

We also expect IDP solutions leveraging advanced AI technology and offering low code capabilities to lower the barrier for the adoption of digital automation solutions. For example, organisations in the Legal and Retail sector may see impressive ROIs. The Public Sector plays a multi-faceted role in digital transformation.