Modern businesses have a more global reach than ever before. Technology has fundamentally changed the way employees work, communicate and collaborate. While global connectivity offers businesses opportunities, it also creates substantial challenges when it comes to archiving communications.
Earlier this month, we co-hosted a thought leadership event in New York City with Smarsh, a multinational “software as a service” (SaaS) company. The lively discussion focused on legal and compliance issues facing financial services organizations today. One specific topic kept coming up: many large financial service organizations are using outdated electronic communications archiving technology for managing compliance and e-discovery. What those firms are missing are the benefits possible with modern technologies – from agility, to productivity to predictability, among others. Firms resist upending the status quo and adopting new, advanced technology systems, mainly for these reasons:
Cost: Moving large quantities of historical data can be expensive and resource intensive.
Risk: A migration brings the risk of data loss and, subsequently, regulatory or discovery exposure.
Inertia: Not gaining alignment across key stakeholders pushes the problem down the road.
Click here to access the full article published by Smarsh discussing simple ways to overcome these common challenges, and stay competitive.
This article is presented for informational purposes only and is not intended to constitute legal advice.