At the core of this question is what is the differences between document management and records management. Let's examine six differences.
1. Documents v Records
What are documents?
Documents consist of information or data that can be structured or unstructured and accessed by people in an organization.
What are records?
Records provide evidence of the activities of a given organization’s functioning and policies. Records often have strict compliance requirements regarding their retention, access and destruction, and generally have to be kept unchanged. There are often very stiff penalties for not doing so.
By some estimates, and depending on the company, 90% or more of all documents are records (meaning a portion of them are not!). Conversely, all records are documents.
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Source: cmswire.com
By: David Roe
Read the full story originally posted by EDD Blog Online.
