Chasing Compliance
How a User-Friendly Approach to Content Management
Can Help You Catch Today’s Runaway Train
Enterprise Content Management
White Paper
“Legally speaking, few organizations today actually comply with
existing records management requirements.”
– The IT Compliance Institute
Issues of Compliance
Million dollar fines. Ongoing lawsuits. Damaged reputations.
The risks associated with regulatory compliance are well
understood in today’s corporate world.
The stakes can be even higher for individuals – up to and
including imprisonment– and the list of who can now be
held accountable for corporate governance includes not
only executives such as the CEO, CFO and CIO, but also key
managers and in-house counsel.
Despite these risks, few companies are confident about their
approach to document management. CNN recently reported
that 65 percent of organizations have not yet implemented
enterprise-wide records management policies.1
So why is it that five years after the passage of Sarbanes-
Oxley (not to mention the Health Insurance Portability
and Accountability Act, the Patriot Act, and DoD 5015.2)
business heads and IT professionals are still scrambling to
deal with compliance?
This Group 1 Software White Paper examines the challenges
behind compliance and records management, the factors
that make it so volatile, and what you can do to create the
stability and order that comes with a sustainable compliance
solution.
The Runaway Train: Five Factors That
Make Compliance So Challenging
While some companies are already behind the regulator
eight ball, the real challenge lies in the fact that the ball
keeps on moving. Quick fix, ad-hoc solutions that work
well to meet short-term needs often prove untenable over
time. So in order to understand the criteria for a successful
records management solution, one must first understand the
factors that make this such an elusive endeavor.
Sheer volume growth.
In the wake of today’s compliance headlines, one of the first
responses is to “save