InSight DXP

Policy Centre

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Comply with electronics records management guidelines using data governance tools

At the bottom of your physical file cabinet, or deep in the first-ever digital folders, there is outdated information that your company no longer requires. These old files are taking up space, are expensive to store, and may be opening your business to legal liability.

All documents are subjected to records management guidelines and have a maximum records retention period that you need to adhere to lest you get fined. Your company needs a record retention policy, a system that manages the lifecycle of each piece of data from its creation, through its use, and to its deletion. Streamline the data flow in your organisation with an effective corporate record retention policy management software.

Iron Mountain’s retention policy management system tracks each stage of data usage, and implements plans and processes to ensure order and prevent chaos.

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Iron Mountain Policy Centre solution

The importance of retention policy management

Data gathering, use and deletion are highly regulated, controlled processes on a large scale. And within your organisation, managing records can make the difference between productivity and inefficiency.

To do so, digital and physical information lifecycles require a records retention schedule. A record retention policy is the plan that dictates how long documents are allowed to be kept according to governmental and industrial regulations. This program maintains data order and consistency, complying with local, state and federal regulations as well as aligning with inter-organisational standards.

Laws like the European Union (EU) General Data Protection Regulation (GDPR) that sets the retention period and schedule for document retention elevate the importance of managing privacy and data retention together. The accurate and streamlined management and disposal of personally identifiable information (PII) in an overarching management policy will handle system pressures, protection and cut out human error.

Attempting to comply with retention rules and privacy obligations pose a serious business challenge. Iron Mountain has the solution. Iron Mountain Singapore’s Policy Centre makes electronic records management easy by providing an overarching view of all obligations on a cloud-based management system aided by professional advisors providing information governance services.

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Iron Mountain Policy Centre solution suite

Depending on the level and complexity of your organisation’s information governance (IG), records and information management (RIM), and/or privacy programme, you may need different features in your policy management tool. Click below to learn more about the Professional and Enterprise editions of the Iron Mountain Policy Centre solution suite.

Creating your corporate record retention policy

Industries in every shape and size and across fields deal with highly sensitive personal records. These documents may include:

Customer data
Applications and trainings
Medical information
Employment payment data

Knowing what types of documents to hang on to, and for how long, requires standardisation across departments.

Information lifecycle management

The creation of your company’s record retention policy will be tailored to your business goals and the documentation you prioritise. The information lifecycle will depend on these distinctions, and may differ based on industry, the material your organisation engages with and the security requirements of the information.

Implementing information lifecycle management

In order to set up an efficient lifecycle management system, a company must:

Decide what records are important to their overarching goals.
Set up a document retention system to manage living files in accordance to business needs.
Implement a disposal schedule to remove wasteful and outdated documents.
Codify their system along governmental regulations.

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Retention policy management

Learn more

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A unified view of your company’s legal obligations and personal information informs the retention period you establish. Iron Mountain’s Policy Centre Solution Suite protects your organisation and its data, allowing your employees to address the needs of your clients in accordance with all regulations.

Combining privacy management and record retention

The management of information retention must address the ever-present importance of privacy. Many organisations are handling documentation that deals with personal data, and data leaks are a surefire way to lose client confidence and brand reputation.

Record retention management and privacy safeguards rely on each other, as data retention policies can assure the safety of valuable information. Implementing record retention management in accordance with privacy concerns ensures the safe intake of private information, its secure storage and eventually its complete disposal.

Iron Mountain’s Policy Centre Enterprise Edition ensures expert guidance on changing regulations and privacy needs in accordance with your company’s own customised data retention schedule.

Privacy concerns

When documentation is left unattended in an unorganised system it is at risk of being forgotten, exposed or simply misplaced.

Without record retention systems that track documents from origination, through its life and to deletion, customer information and other valued documents, physical or otherwise, aren’t safe. A retention schedule that lines up with retention policies will organise information flows, and protect information.

On top of saving a company storage costs, data retention management strategies will safeguard your organisation from being at risk of losing precious information.

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Dealing with regulations and increasing privacy concerns

Increasing privacy concerns and legal requirements similar to GDPR are leading businesses to implement combined privacy and retention policies so the company can:

Have a unified view of personal data and related obligations.
Dispose of private information as soon as possible.
Reduce unnecessary exposure to data breaches.
Stay on the cutting edge of constantly evolving regulations.

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20 million

Did you know?

Failure to comply with GDPR means fees of up to 20 million euros, or 4% of global annual turnover, whichever is higher.

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R0679&from=EN

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Related resources

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Additional services we provide

Secure Storage

Preserve your important records with highly secure and compliant offsite storage

Document Scanning & Digital Storage

Transform your business and centralise your information with digital scanning and storage

Secure Shredding

Pair our secure shredding services with document digitisation and see your efficiencies increase

Retention And Privacy Policy Management

Find your path to efficient, cost-effective, and compliant information governance

Iron Mountain Clean Start

Digitally transform your workplace to keep up with changing times

Smart Sort

Efficiently unmingle your commingled files—all without a complex, labour-intensive discovery project

Reach out to Iron Mountain today

Iron Mountain Policy Centre Solution Suite is tailored to your organisation, whether you’re focusing on data retention schedules or interested in combining retention with privacy and legal standards. Read our customer success stories to find out more.

Ready to protect and organise your data internally and along regulatory standards?

Reach out to Iron Mountain experts today.

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Why choose Iron Mountain Policy Centre

Iron Mountain^® Policy Centre solution is a cloud-based retention and privacy policy management platform that provides a user-friendly way for you to know your obligations and comply with digital records management guidelines.

With Policy Centre, you can manage your information through the entire information life-cycle - from creation to use to disposition. Maintaining accurate document retention and privacy policies means you can:

Keep your retention and privacy policies current and reduce risk of fines
Save on information storage costs by confidently disposing of information
Quickly access what you need when you need it

Policy Centre

InSight DXP overview

Comply with electronics records management guidelines using data governance tools

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The importance of retention policy management

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Iron Mountain Policy Centre solution suite

Creating your corporate record retention policy

Information lifecycle management

Implementing information lifecycle management

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Retention policy management

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Combining privacy management and record retention

Privacy concerns

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Featured resource

Dealing with regulations and increasing privacy concerns

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20 million

Did you know?

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Related resources

Additional services we provide

Secure Storage

Document Scanning & Digital Storage

Secure Shredding

Retention And Privacy Policy Management

Iron Mountain Clean Start

Smart Sort

Reach out to Iron Mountain today

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Why choose Iron Mountain Policy Centre

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Comply with electronics records management guidelines using data governance tools

The importance of retention policy management

Creating your corporate record retention policy

Information lifecycle management

Implementing information lifecycle management

Retention policy management

Combining privacy management and record retention

Privacy concerns

Dealing with regulations and increasing privacy concerns

20 million

Did you know?

Reach out to Iron Mountain today

Why choose Iron Mountain Policy Centre