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To Control the Creation and Growth of Records.To Reduce Operating Costs.To Improve Efficiency and Productivity.To Assimilate New Records Management Technologies.To Ensure Regulatory Compliance.To Minimize Litigation Risks.To Safeguard Vital Information.To Support Better Management Decision Making.More items...

Records management is defined as a field of management responsible for the efficient and systematic control of the creation, receipt, maintenance, use and disposition of records, including processes for capturing, and maintaining evidence of and information about business activities and transactions in the form of

Generally speaking, there are two types of records management systems: traditional paper record management systems, and electronic record management systems. As the name might imply, traditional paper record management systems involve the management and storage of hard-copy documents.

You need good records to monitor the progress of your business. Records can show whether your business is improving, which items are selling, or what changes you need to make. Good records can increase the likelihood of business success.

I. These generally fall into two categories: policy records and operational records.

A records management process is comprised of identifying records, classifying records, and storing records, as well as coordinating internal and external access. The process may also incorporate policies and practices on how to create and approve records, as well as the enforcement of those policies and practices.

Ultimately, Records Management ensures that institutional records of vital historical, fiscal, and legal value are identified and preserved, and that non-essential records are discarded in a timely manner according to established guidelines and identified legislation.