Oxley Act

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This also applies to 41 percent of the organizations in the education sector and to 34 percent of the companies in the healthcare sector. “The consequence of this approach is that the total” the data of many companies not fully can be used, that many steps and efforts be undertaken often twice and that the benefits of quick access to valuable information can not be used. Because information is also difficult to track and manage, the violating relevant regulations for managing information risk for companies. But there are also success stories. Ricoh has worked, for example, with a European companies from the healthcare sector, the processes in the human resources department and the accounting which had recognized the need, revise and rationalize in order to maximize productivity. Since the introduction of more efficient automated processes benefits the human resources department that that the average time for the search was reduced after certain information from 6.7 minutes to 30 seconds. In accounting, the search per document 4 minutes reduced to 30 seconds. Also the company through the optimization achieved annual cost savings of approximately 345.000.

This is not an isolated case. 43 percent of the organizations surveyed by Coleman Parkes in Europe indicated that they still trust in their business-critical document processes on printed documents, and only 22 percent use fully automated workflows. In the strictly-regulated financial services sector, half of European businesses (45 percent) less than confirmed that they are able, conduct a logging of all mission-critical, confidential documents. 20% reported that they at all no control processes have set up. These figures are indicative and could bring companies with regulations such as the Sarbanes-Oxley Act in conflict. This requires organizations to ensure to destroy critical not to modify confidential documents, or to move. In addition to the prevention of violations of legal regulations, it is at many companies also to save time and money with the information and data management.

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