Records Management

Crown Information Management can act as a resource for your company, in the classification and preparation of a records management program. This description is provided, to give you an understanding of the basics of Records Management or (RM).

Records Management (RM), also known as records and information management or RIM, is the professional practice of managing the records of an organization throughout their life cycle, from the time they are created to their eventual disposal. This includes identifying, classifying, storing, securing, retrieving, tracking and destroying or permanently preserving records.

The purpose of records management is part of an organization’s broader function of Governance, Risk, and Compliance (or “GRC”) and is primarily concerned with managing the evidence, of an organization’s activities, as well as the reduction or mitigation of risk associated with It.

An organization’s records preserve its corporate memory. In determining how long to retain records, their capacity for re-use is an important factor, as are the regulatory requirements of certain records. Many are simply kept as evidence of a transaction. Other documents may explain what happened in a particular instance, or point in time, why it happened, and the resolution of the incident. Crown Information Management can assist you in creating a retention schedule, that will act as the guideline for your records retention program. Learn more about creating a Records Retention Plan…