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We spend a lot of time talking about compliance and governance within businesses. And what we really mean by that is the rules and practices every part of the business needs to follow, either because the board of directors has decided it, or because they need to meet certain standards for their qualifications and certifications. A lot of businesses take their main governance principles from the regulations set out by governing bodies such as HMRC, SFA, ISO and GDPR, which includes guidance about document management and storage of important information for review and reporting. Because being in breach of these regulations can result in some heavy fines, many companies try to cover all of their bases by saving and storing every scrap of paper that could be relevant for as long as possible. But this could actually come back to bite you, so be warned! Instead, it’s time to look at modernising your compliance needs with the help of an electronic document management solution.

To read the full blog post, please visit our partner Tipac here.

Posted by ITDS

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