What are the consequences of not implementing an Electronic Records Application?
This will be an ongoing list indicating the consequences of not implementing an Electronic Records Application.
The high cost of storage of paper documents
The requirements of space for paper documents
The labor and time demands of managing paper documents
Search and retrievability challenges associated with paper documents
The risk associated with eDiscovery
The efficiency setbacks associated with the management of records outside of an electronic records application
The consequences associated with the irreplaceable nature of records that are lost and irrecoverable
The challenges and consequences associated with managing the increasing volume of electronic records outside an electronic records application
The challenge and consequences associated with failing to meet the demands of technological advances which require an electronic records management application to effectively manage electronic records content