Are You Compliant? Let us Help.
The cost of non-compliance within any area of your business is a high one. For some companies, it is so high it sends them to the brink of bankruptcy. The issue is, becoming compliant and staying that way is a very complex and challenging thing to do due to the ever-changing rules and regulations. This is particularly so in the area of information management, which is a field we at TIMG understand better than anyone. From offsite document storage to cloud backup and everything in between, the importance of a compliant record management process can never be overstated.
While you will appreciate that information and records are key strategic assets within your business, you may not be aware that you need to take a high degree of accountability for them. This includes client-generated information or data you collect through internal processes. For all businesses, a records management policy needs to be in place to attain the minimum level of compliance for information management best practices. Unfortunately, for many of those businesses, their policy (if they have one at all) falls well short. This not only leads to inefficient business practices; in many cases, it also breaks the law.
Information formats and storage options are constantly changing. Meanwhile, regulatory legislation and standards in various industry segments are continuing to expand. Now, more than ever, it is becoming increasingly important to have information management processes and procedures that are aligned with a structured information management strategy instead of being random. As we’ve alluded to earlier, it is easier said than done. There are many elements that need to be implemented, including:
- Putting an organisation-wide strategy in place
- Information security
- Understanding retention requirements specific to your industry or business sector
- Monitoring and auditing your processes
It’s vital all of these steps are carried out. But we fully understand that it is a complex activity, made even more challenging with the cloud of compliance hanging over your head. You need to do it right, not just for the betterment of your business operations but to meet any legal obligations and avoid financial or reputational repercussions. So…where do you start?We suggest you contact us in the first instance. Information management is what we specialise in, and is what we do better than anyone. We can point you in the direction of a free compliance checklist that you can download. And we can run you through our suite of services, and discuss which ones will best suit your specific requirements. Contact us today and let’s make this compliance issue much more manageable.