Iron mountain® policy centre solution standard edition

Solution Guides

INDUSTRY FACT: 43% of information governance (IG) professionals report their organizations have below average capabilities to eliminate content duplication, indicating there is a lot of redundancy in their organizations. Minimize Business Risk: Top 5 Information Governance Obstacles You Must Tackle Now; AIIM

5 November 20216 mins
Iron Mountain® Policy Center Solution Standard Edition Solution Brief-Business people looking reports | Iron Mountain

Industry Fact: “28% of information governance (IG) professionals say their organisation has no accepted IG policies”

2017 State of Information Management: Are Businesses Digitally Transforming or Stuck in Neutral?; AIIM

As the volume of retained business records continues to grow, so do the associated costs and risks of not having a retention schedule. The more information your business retains, the greater the burden of identifying and locating records when you need them for reference purposes and legal compliance. It’s a challenge to ensure your organisation is compliant when staying up-to-date on the ever-changing rules and regulations can be a full-time job. With limited resources, it’s a struggle to create a culture of compliance within your organisation.

How this affects you

  • You’re keeping records longer than required
  • You have inconsistent regulatory citation and change tracking which impacts legal defensibility
  • You find it difficult to stay up-to-date on the latest records keeping rules and regulations for your industry
  • You have limited resources to build, curate, and update a legally defensible, global retention schedule

What if you could…?

  • Maintain a prebuilt records retention schedule that reflects your business operations, without a large, upfront project fee
  • Grow beyond manual, time intensive processes to research, update, and communicate changes to policies
  • Keep your Record and Information Management (RIM) programme’s retention guidelines current and compliant with annual regulatory updates backed by high quality legal research
  • Confidently dispose information and store only what you need, so you can easily and quickly find what you need, when you need it
  • Manage risk by empowering employees to understand what is required of them from a regulatory compliance and organisational perspective

With Policy Centre Standard Edition, you’ll have a pre-built, legally-defensible retention schedule – backed by the same high quality legal research used by the world’s largest companies. With this user-friendly, web-based tool, you can demonstrate that your retention schedule is driven by current laws and regulations. You can make quick and easy edits to record classes and rules to customise the schedule to meet your needs. The online portal receives updates of legal retention guidelines, based on regulatory changes. It also makes for an easy way to share your policy, further driving compliance across your organisation. Policy Centre Standard Edition is a subscription service to a cloud based retention policy management platform. Ready for immediate use, there is no need to invest in legal counsel or consultants to create your defensible retention schedule, now or for annual refreshes.

With this tool you will be able to realise the following benefits:

  • Improve overall resource utilisation
  • Control records volume growth
  • Demonstrate statutory and regulatory record keeping requirements
  • Enable the consistent implementation of record keeping policies
  • Improved ability to locate and retrieve records when required
  • Reduce litigation risks

Policy Centre Standard Edition is available with the following complementary services:

With our Document Scanning Services, you can have paper documents scanned and indexed, with metadata applied, for easy data retrieval. When your documents have reached the end of their useful life and met your organisation’s requirements of retention, our Policy Centre will help you manage and dispose them, confident that you are complying with regulations governing information destruction. Policy Centre is also integrated with our Iron Mountain InSight® and Workflow Automation™ powered by Hyland solutions.

In addition to the ready-made records retention schedule for general business requirements, you’ll have the ability to add on additional industry-standard retention schedules for select highly regulated industries, such as banking and insurance. For access to expert Information Governance Advisory services to help you customise your retention schedule, you also have the option to upgrade to Policy Centre solution Professional Edition.

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