Records Analytics

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Jordan Lawrence put on a tremendous webcast covering how to develop an actionable retention schedule. The session was well attended by corporate counsel, compliance officers, ethics program managers, paralegals and records managers and received rave reviews.

An actionable retention schedule incorporates industry record naming and retention standards, but also reflects the business practices so it can be applied and employees will embrace it. The session covered the components of an actionable retention schedule and the Records Analytics™ process that gets you there in 45 days.

A Comprehensive Records Inventory

A critical component of an actionable retention schedule is a supporting records inventory that identifies:

• What records you have
• Where they exist across the organization
• Where employees store and save them
• The business reference value
• Current retention practices

A Process that Works

The first step in developing an actionable retention schedule and supporting records inventory is talking with the business. After all, they are really the ones that know what records and information they have and use. The Records Analytics™ process enables you to rapidly and cost-effectively engage the business, compile the information, and create a comprehensive records inventory and best practice retention schedule. The process includes:

• Identification of business areas to include
• Records profiling questions
• Automated records profiling interviews
• Industry record naming standards
• Industry best practice retention standards

Actionable Deliverables

• An industry best practice retention schedule
• A supporting records inventory and datamaps to put your retention schedule into action
• A highlights report of key findings and recommendations for next steps

Developing an actionable retention schedule and records inventory enables your company to cut costs, reduce risks and improve efficiencies.

About the Experts

Rebecca Perry is the EVP at Jordan Lawrence and oversees the Records Analytics™ Retention Schedule services that provide complete, benchmarked retention schedules within 45 days for major corporations. She can be reached at 636.821.2251 or rperry@jordanlawrence.com.