By Joe Weller | October 25, 2017 (updated June 28, 2023)

While a company’s records management is not a profit center, handling records incorrectly can lead to financial penalties or litigation. Keeping good records helps companies protect institutional memory as well as maintain evidence of activities, transactions, and decisions. An effective records management system can save money on storage and improve an organization’s efficiency. Implement a solid records management plan before it’s too late.

In this article, you will find everything you need to know about records management: learn the basis of a good records management program, how to implement one, why it should be a part of any company, and who should be involved in the process. We’ll also discuss the records management lifecycle and along the way, experts weigh in with their advice.
Keep reading.