Consulting Services:

Records Retention

A records-retention policy provides a ready and consistent guide for determining which documents must be kept and which documents should be discarded. The starting point in developing a records-retention policy is a survey of business practices to determine, from a business viewpoint, which records the company wants and must retain. The benefits of a records-retention policy are many and include:

• Ensures compliance with applicable state, federal, and IRS regulations
• Unimportant records are not allowed to consume precious storage space
• Leads to more productive work environment
• Reduces document review costs in event of litigation
• Addresses unique legal considerations for electronic files
• Minimizes risk in event of a disaster

At Sisterson, our business consultants have the unique experience to develop written, comprehensive records-retention policies that address all the critical operations and functions of your organization, such as:

• Assess need, risk, and utility of appropriate record-retention periods
• Review records that are or should be maintained by departments
• Review organizations operations in light of compliance with applicable regulations
• Determine adequacy of record keeping in the company’s electronic systems
• Review impact of future technology on retention policy
• Review record-retention policies in event of a disaster
• Develop the right records-retention and disposition policies for your company
• Educate company employees on the policies and how they relate to their positions
• Periodic review of the organization’s records-retention policies