ARMA defines Records and Information Management (“RIM”) as the field of management responsible for establishing and implementing policies, systems, and procedures to capture, create, access, distribute, use, store, secure, retrieve, and ensure disposition of an organization’s records and information.
As for Records, they are evidence of an organization’s or an individual’s activities and business transactions. Both records and information are subject to RIM management and requirements, regardless of their format, media, or location. RIM is an essential building block of an Information Governance program.
Basically, RIM refers to the management of a company’s valuable information throughout its lifecycle, from creation to disposal.
The benefits of building a comprehensive RIM program are multiple. They allow an organization to:
- – Keep valuable information readily accessible for business requirements
- – Comply with rules, laws and regulations, including both Data Protection and industry-specific regulations
- – Automate records storing and searching processes
- – Identify, collect and produce evidence in a lawsuit, investigation, audit or regulatory review
- – Protect and control access to sensitive records
- – Lower storage costs by retaining only valuable records and disposing of the rest.
Arrayo’s RIM team helps corporations design and implement the future state of their RIM programs, including best practices and systems. Our approach relies on decades of experience working with large US and international companies. It is grounded in the principles of industry-leading frameworks.