- April 8, 2019
- Posted by: admin
- Category: Enterprise Content Management
The document management system of the companies is becoming more complicated to meet their industry regulations. Here are four indications that your firm might have issues with document management.
In this digital world, most of the enterprises maintain customer information and their data in Document Management Systems. The company has a lot of benefits with the precise practice of Enterprise Content Management.
Here are the benefits of a Document Management System or Enterprise Management System.
- Reduce space completely, demanded by the paper document
- Reduce administration stress to maintain those documents manually
- Search documents or data in a quick manner
- More Security for all types of information
- Assign roles to your staff and limit the access according to the designation
- Advanced Data Retention
- Backup the documents or information automatically
- Access the data or documents from anywhere
- Able to verify the documents and filter it
- Reduce data loss or crash
Loopholes in document management practices
Along with the benefits, enterprise companies are facing some difficulties like compliance issues. Here are just some of the indications that your company might have notable gaps in your document management system.
1. Your documents are stored on an on-premise standalone computer
Unsecured document storage is still a well-known issue with small to mid-size companies, usually due to inadequate funds, a lack of perception of the associated risks, fewer staffs that make it hard to commit time to develop relevant systems, or even simply not knowing which best practices are available. This can create chaos without footprints like who accessed records when records were accessed, and the potential for altered or lost data, especially as there may not be an offsite back-up system in place.
2. Everyone holds the same login or access to all records
Arranging the suitable levels of access to electronic documents is a solution to managing the necessary internal controls. It’s vital that delicate files are not open to everyone throughout your company. Depending on the department and functions of employees, document admittance should be carefully imposed and limited on a need basis. If your document management system is an open book, this could be trouble when it comes to privacy and confidentiality.
3. No audit trail
Audit trails allow companies and their customers to have certainties around access to data. It helps everyone sleep better at night when they know that there is a record of who accessed, revised, relocated, or erased the records. Audit trails help safeguard the probity of the information and the rules around data access.
4. Few people know or understand your Corporation document management policies
If your operators don’t know or understand your organization’s policies or plans, odds are you don’t really have any, or it has not been adequately enforced. This could spell trouble since it leaves admittance to data fairly open, creating holes whereby anyone could get a grip of sensitive documents and exposed information that might be damaging to your company or its customers. Moreover, it could open your company up to legal concerns without any consequence for the person accessing the document as there were no legal policies in place forbidding the employee from doing so.
Although this isn’t an exhaustive list of the inherent document management compliance issues your company might encounter, having documents stored on a single in-house computer, open access to many or all employees, no audit trail, and fuzzy or no internal document policies can cause a great deal of trouble. Make sure to address these potential traps before they create more constraining reasons for concern.
Contact Benevolence Technologies for the best content management system for your organization.