CFOs and the Cost of Risk: While enterprise content management can be a costly initiative, the costs of not properly managing your content can easily be an order of magnitude higher. While the federal evidentiary rules apply to all corporations, some firms arefar more at risk than others. Financialinstitutions especially – but increasingly all public companies and manynon-profits and charities – now face the enhanced burden of drastically-revisedfederal evidentiary rules, as well as a growing host of other legal and operational demands. In addition, the more visible the firms, the more at-risk they are from public, media and investor scrutiny that will stem from even an apparent violation of these rules and regulations.

All of this requires new levels of data management sophistication. This makes the management of information both a business priority and a legalobligation – and what was once the domain of mid-level archive or IT managersnow demands the attention of C-Level executives and corporate boards. Failureto comply can make financial institutions and other public companies lose investor trust and confidence – and in extreme cases, because criminal penalties (as well as significant civil sanctions and fines) can attach to serious non-compliance, it can make responsible executives lose their freedom as well as their stock options and bonuses.

Setting aside criminal penalties and eight- to ten-figure financial penalties, some of the very real potential consequences fornon-compliance include:

• The financial and image cost of legal proceedings
• The loss of repeat business through the inability to perform simple customer service interactions
• The cost of delays in routine business processes
• The cost and hassle of legal discovery
• The cost and hassle of regulatory inspections
• The public, client, media and investor impact of industry investigations
• Privacy-rule violations that can ruin corporate reputations

Digital Safe Haven: Data Empowerment’s record and data management tools can not only make your organization more efficient, they can drive down the cost of doing business. It’s not often that risk-management programs also improve operational efficiency, but that’s exactly what our sophisticated and effective records/data management program does for your company.

These technologies provide value to your organization by more efficiently organizing information for its subsequent retrieval, use, and, ultimately, disposition.

We offer solutions that impact the bottom line such as:

• RecordsEdge™ — A family of tools designed to apply records management controls from an ECM system to multiple vendor enterprise content repositories
• TagMaster™ – Information classifications plug–ins for Microsoft Office applications ,Outlook and Lotus Notes
• LoadStream™ – Data flow control software for automating the process of content extraction and loading
• Data Rescue - Application and recovery service for lost data from enterprise systems and media.
• Records Management Readiness Workshops – low-cost, high-intensity programs to identify your specific records management needs, and the solutions best suited to your enterprise

It’s high time to get your records under control. To learn more, call us at (702) 289–4230 or email sales@dataempowerment.com today!