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Record Retention Policy for Businesses: A Strategic Guide to Compliance and Efficiency

Armstrong Archives

Whether it’s maintaining regulatory compliance or simply making tax season easier, an effective record retention strategy is paramount. What is Record Retention? Key Elements A record retention policy is an organized framework that dictates how long business records should be kept before they are destroyed or archived.

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More Companies Are Digitizing Records Than Ever Before

Armstrong Archives

Many companies digitize records in order to deliver better customer experiences. As of 2020 , the departments that used digital documentation tools the most were sales (62%) and marketing (57%). This is especially true with a third-party service that already has the tools and infrastructure in place to manage your documents.

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State of the Global Capture & IDP Market

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The demand for Capture & IDP solutions in 2021 was particularly strong in North America, where sales grew in double digits, including some projects that had been delayed due to the pandemic in 2020. We saw a continued strong demand for Case Management use cases as part of the digitalisation of end customer facing processes.

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Global Capture & IDP Vertical Market Analysis

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It has followed Document Capture since its early stages when the key focus was to replace archives of paper documents and with electronic copies that were searchable, accessible for staff in different locations and compliant with growing requirements for records management.

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Deciding Which Paper Files to Keep, Which to Scan, Which to Shred

Armstrong Archives

You should also become familiar with different federal laws that govern document retention, including IRS tax audit regulations and regulations set forth by organizations such as Occupational Safety and Health Administration (OSHA) and the Health Insurance Portability and Accountability Act (HIPAA). Legal records. Bills of sale.

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Kodak Alaris and Newgen Software Announce Global Strategic Alliance to Enable Digital Workplace Solutions

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Newgen leverages new-age technologies such as cloud, robotic process automation (RPA) with business process management (BPM), digital sensing, enterprise mobility and process analytics to help organizations reinvent their workplaces. Partners play a key role in delivering value to our customers.

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IBML enables easier integration of its intelligent high-volume desktop production scanners

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This includes banking, insurance, healthcare, government and BPOs[1] where the necessity to lower paper digitising costs is critical and organisations require a scalable platform which is easy to implement and can be upgraded to automate key business processes at the point of capture. “Our Customers document capture needs are changing.

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