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New Records & Information Management: Are You Spending Right on Records Management, Data Security and Compliance?
Date:11/2/2007

CHAPEL HILL, N.C., Nov. 2 /PRNewswire/ -- Records and Information Management (RIM) programs have long played a vital role in the success of their parent organizations through reducing risk exposure and streamlining access to critical internal information. Today the programs account for over $1.5 million in costs, according to a new study by benchmarking leader Best Practices, LLC.

This number will continue to rise as issues of compliance, privacy, discovery, and electronic formats become more important than ever. To meet current expectations, RIM leaders need reliable metrics on service levels, staffing, and costs to secure sufficient funding.

"Optimizing Staffing and Resources in the Records & Information Management Field" (http://www3.best-in-class.com/rr874.htm) provides countless metrics for the RIM executive and will help understand whether your program is funded and staffed at adequate levels and whether your organization is keeping pace with others in adopting new technologies and handling electronic records.

For example, the report shows that companies currently spend about $28 per employee per year on records and information management programs with the biggest cost and time drain being the administration of inactive records. For additional sample metrics download the complimentary report excerpt at http://www3.best-in-class.com/rr874.htm.

Findings were collected from surveys and interviews with records and information management executives at leading companies across industries, including: Abbott, BAE Systems, Boeing, Bombardier Aerospace, Caterpillar, Cisco Systems, DuPont, Ford Motor Co., Halliburton, HP, Honda, Lockheed Martin, Lucent Technologies, Medtronic, Merck, Nationwide Insurance, NBC Universal, Procter & Gamble, Rockwell Collins, Securitas Security, Sony, Target, Tyson Foods, US Ba
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SOURCE Best Practices, LLC
Copyright©2007 PR Newswire.
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