The IBM ECM portfolio: Reducing risk through effective information management
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Overview: Faced with mounting regulatory pressures and the climbing cost of litigation, businesses in virtually every industry cite compliance as one of their top concerns. Itís a constant worry: If companies are found to be out of compliance, they face large fines, executive jail time and damage to the companyís reputation, which can dissolve shareholder confidence, destroy customer trust and send stock prices plummeting almost overnight. Many companies respond to todayís strict compliance environment by erring on the side of caution: saving every e-mail and every version of every document. This practice represents a compliance risk, in that companies are retaining potentially litigious documents beyond their legal expiration date. It is also expensive, as storage systems in many organizations have not kept pace with the resulting exponential increase in content volume. Organizations must protect themselves against the fines and reputational damage that can result from being found out of compliance with regulations, laws and standards. To accomplish this goal, they need solutions designed to close the risk gap.