Mergers and acquisitions are not merely collaborations at the agreement level between two or more companies, but a complete operation whereby all the organizations involved merge their business essentials, workforce and information assets.
In an era where information is equivalent to ‘power’ for individuals, businesses, communities and nations, managing it becomes a crucial aspect. Every minute, businesses across the world process tons of data in physical and digital format.
Businesses keep on improving their core functions that directly affect their performance and market position. Though, they often overlook the need to modernize their Record Management system and document handling.
Information is what enables our decision making process. Organizations, especially those dealing internationally, have to process, document, and store and access tons of business information every day.
Business operations come with tons of data and record management load. Companies that operate in multiple nationalities have to deal with heavy loads of paperwork and digital information assets. Having a proper document management system, thus, becomes a necessity.
Any company operating in any vertical faces one common challenge, i.e. management of information assets across their life span. It is not just for the intellectual value that the businesses need to protect their information assets, but also to comply legally to protect the data of those associated with an organization.
Frequent Data Breaches are a bitter reality. Organizations and platforms collecting people’s personal information are always under the hackers’ radar who are always ready to exploit any window of opportunity. In the first half of 2017 alone, around 2 Billion records were either lost or stolen worldwide. This number definitely comes as a shock, especially considering the misuse of data for frauds, identity thefts, personal security breaches, etc.