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An enterprise electronic archive is a tool that stores all critical business documents, records and communications in a digital archive that is accessible to employees with authorization. These kinds of systems cut costs and increase productivity when in comparison to traditional pen-and-paper processes.

Searchable archives help employees access information faster, which results in a quicker process. Accounting firms, for example, can locate historical financial records quickly to improve analysis of data. Digital archives can help companies comply with the requirements of regulatory agencies to protect intellectual property, and avoid costly litigation.

A good electronic storage solution will store all the important documents for business in one location including emails, collaboration applications, TEXT, and social media. These types of solutions are typically inexpensive and come with features such as security as well as authentication, gain control and auditability to reduce risks of conformity.

An effective electronic archive can not only enhance efficiency, but it can also save your business lots of space. It can help eliminate the need for extra storage cabinets and cut down on operational expenses by transferring rarely used data to more cost-effective storage facilities. It could also help support departments of HOURS and legal with internal investigations and eDiscovery.

A reliable digital storage system and management can allow you to access your documents at any moment, regardless of their origin or format. An electronic archive can also aid in complying with state and federal regulations regarding data and ensure that your retention policies are enforced. It can help you slash operational costs while increasing access, efficiency and satisfaction.