To remain legally compliant, you must have a reliable records retention management process – one that ensures documents are destroyed at the appropriate time and cannot be unintentionally deleted beforehand.
The OnBase solution for records retention manages the retention and destruction of stored documents according to predefined schedules for each document type. The destruction process is initiated by the passage of time, allowing for automatic deletion and/or removal from OnBase. Your organization may determine the document retention time period, though in many cases, such as in government or the healthcare, insurance and financial services industries, document retention time periods are dictated by regulatory requirements for inspections or audit. As a result, automating the retention of records with OnBase helps organizations avoid fines and reduce legal risks associated with expired content.
Using OnBase to automate the document retention and destruction process provides many benefits to organizations, including:
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Contact OnBase by Hyland to learn how your organization can benefit from a document retention solution.