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The importance of records management lies in how it oversees information that's been created, received, maintained, and disposed of regardless of the document's format. In other words, records management is important because it ensures vital records are preserved.

Record management Ensures that important records such as financial information, financial statements, vital documents such as legal contracts will be well preserved and persist for future nevertheless unnecessary records will be destroyed in a timely manner in ance with the established guidelines.

Records Manager enables an organization to manage all forms of organizational records like Physical and Electronic Documents ing to laid down organizational Records Management policies.

Records are “information created, received, and maintained as evidence and information by an organization or person, in pursuance of legal obligations or in the transaction of business.” Examples include final reports, emails confirming an action or decision, spreadsheets showing budget decisions, photographs or maps ...

Record management Ensures that important records such as financial information, financial statements, vital documents such as legal contracts will be well preserved and persist for future nevertheless unnecessary records will be destroyed in a timely manner in ance with the established guidelines.

There are several steps to implementing a records management program in your department. Step 1: Identify Responsible Individuals. ... Step 2: Identify Departmental Records. ... Step 3: Inventory Records. ... Step 4: Determine the Office of Record. ... Step 5: Identify Retention Periods. ... Step 6: Disposition Records.

Records management is the process by which an organization: Determines what kinds of information should be considered records. Determines how active documents that will become records should be handled while they are being used, and determines how they should be collected after they are declared to be records.

Records Management refers to the planning, budgeting, organizing, directing, training, and control involved in managing the life cycle of records in any medium. Page 4.

Every single record that gets created within an organization informs its future decisions and policies. Records and Information management allows organizations to preserve this knowledge in an efficient, secure and accessible format. Data and information are the most important strategic resources for any organization.