Records Retention


Retention Management ensures an organization is keeping records only as long as they are needed for organizational, legal, fiscal, or historical proposes. It assures that all documents are managed properly and according to best business practices.

Documents are not removed from active storage or destroyed until their retention timeframe has elapsed. By managing to predefined retention controls, legal risk is effectively managed. Documents retained longer or destroyed earlier than their required retention timeframe pose a legal risk to an organization.

BSC Consultants assist clients with setting up retention management schedules utilizing state-of-the-art applications software to provide the retention management tools. The end result will manage risk properly and provide compliancy with regulatory agencies such as SEC, Sarbanes Oxley, and HIPAA.

Retention Management Features
  • Enables the management of document lifecycles by document type.
  • Aids in the movement of documents from active to inactive storage.
  • Aids in the identification of documents available for destruction.
  • Properly configured, a good retention management system meets the needs of multiple departmental use within an organization.
Benefits
  • Reduces electronic and paper storage costs.
  • Reduces legal risk using pre-defined retention/destruction timing.
  • Regulatory compliancy