Whether you are running a small business or a global multi-million dollar organization, meeting compliance standards is the fundamental backbone of your business. Failure to adhere to the increasing regulatory mandates set forth by federal and state governments can cost your business a significant chunk of change, or worse!
While some companies employ teams or departments dealing specifically with compliance, this daunting task usually falls on the shoulders of the Human Resources departments, which, in addition to handling daily HR processes, need to ensure the compliance process remains current and accurate.
Here are four ways Enterprise Content Management (EMC) is helping HR departments do just that:
- AUTOMATE AUDIT PROCESSES – No one ever looks forward to the added hours spent manually digging through information, nor the thought of some discrepancy that got overlooked. ECM will ensure accuracy through automating part of the audit process.
- SECURITY – You never know who might catch a glimpse of that contract you tried to hide under a stack of files while you stepped away from your desk. Eliminate that risk altogether by uploading documents to an Electronic Document Management system, and controlling who can access them from day to day.
- ELIMINATE PAPER – To aid the switch to ECM, off-site facilities offer easy and affordable paper-to-electronic document conversion services, reducing the risk of misplaced or lost documents, eliminating the need for manual filing, and decreasing storage costs.
- FORMAT THE SYSTEM TO FIT YOUR COMPANY’S SPECIFIC NEED – Each business adheres to slightly different regulation depending on Industry. Thanks to flexible Document Management Workflows, you can format your process to fit your company’s specific requirements.
For more information, watch our webinar recording below – Putting the “Human” Back in “Human Resources.”