Dolphin Archive Retention Cockpit (ARC) for SAP
Increased regulatory requirements have legions of legal and records retention people clamoring for a way to manage the volumes of data and documents inherent in doing business. Companies are being forced to retain business records in a compliant mode, safe from alteration or deletion, for specified periods of time and after that, dispose of them. Records kept longer than the defined retention period may become a legal liability, not to mention incur spiraling storage costs and develop into a data management burden. The often cited Supreme Court decision (Arthur Andersen LLP v. United States, No. 04-368) involving business record destruction has endorsed the notion that a formal record retention policy which is in accordance with regulations and is strictly followed clears a business from the liability of expired record.