It’s easy to start a records management program, and you’ll see immediate benefits. First of all, your office will be more organized and productivity will increase. Equally important, you’ll sleep better at night knowing important documents and records are securely stored.
Start a records management program and you’ll boost the bottom line
A June 2017 study
reported that the average cost of a single lost or stolen record is a stunning $225. In addition, U.S. companies who experience a significant data breach will lose an average of $7.35 million. Even if your company is never the victim of a cyberattack, a 2013 study
revealed that managers spend an average of four weeks a year searching for lost information. People searching for digital records spend more than 7% of their screen time searching for files.
The simplest way for companies to stop these huge losses is to put a records management program in place. The following steps illustrate the business activities and transactions you need to keep your business archives secure.