Many professionals from various industry sectors such as the legal and financial sector, are either unaware that they need to archive their emails and what can happen when there is no archiving system in place. Other professionals are aware they need to archive their emails and want to find out more about why it is important to do so.
There are many reasons for archiving company email. The most important reasons include the following:
1. Compliance with Statutory Regulations
Each industry sector has specific compliance standards and regulations when it comes to data security and retention. To remain in compliance, organisations in each sector must follow a process for retaining data and this includes email messages and attachments. The data must be stored in a way that allows easy access and retrieval in a timely manner.
Industry sectors such as financial, healthcare, government, and energy commonly face strict compliance regulations. Email archiving helps to meet these standards which often require the retrieval of data in its original format.
2. Litigation Support
Email archiving provides your organisation with the protection and support necessary if your organisation becomes involved with a legal proceeding. This is commonly known as litigation discovery which is the process of retrieving and submitting data upon request. Without email archives, the cost of retrieving data for a legal proceeding could be as financially damaging as the litigation itself.
Additionally, you must be able to access documentation in the event of a compliance audit, business investigation or other matters that can transpire. If you use an email archive, this ensures secure storage in a place where the content cannot be altered. It also provides you with better support during an early case assessment, legal holds, and litigation discovery.
3. Improved Business Productivity with Easy data Retrieval
Email archiving solutions are designed for easy retrieval of individual email and attachments. If an end-user accidentally deletes or misplaces an important email, it can be retrieved quickly using a quality email archive solution. When the email is retrieved, so is the metadata which makes it easier to filter through the data summary to locate the content you are searching for.
4. Protection of Intellectual Property
Depending upon the size of your organisation, old emails can provide a large amount of intelligence regarding your company. By using an email archive, you can leverage insights and data analytics from the past to keep your business moving forward.
For example, you can search an email archive for old messages between your sales team and your customers. This helps you to make improvements by measuring the response rates, customer service issues, and more. By accessing the intellectual property on your company, you can easily see areas where business processes can be improved.
5. Knowledge and Storage Management
Since email is an important tool for business productivity, you can accumulate a large amount of data in a short period of time. This means reduced server space in your primary storage location and compromised performance with business applications.
By moving the data to an email archive, you can save money on the cost of storage. It also allows your staff to retrieve data faster and prevents the threat of a catastrophe such as a server crash. Additionally, it provides peace of mind that your emails can be recovered in the event of data loss.
In addition, your storage requirements are significantly reduced with smaller inbox sizes. The end user can access archived messages via a web dashboard or right from the mailbox.
The email archive system also acts as a knowledge repository that provides access to powerful knowledge management tools including advanced search techniques, email sorting, content retrieval, keyword searches and other tools that help to make the business more productive.
6. Cost Management
Using an offsite email archiving solution reduces costs associated with IT maintenance. This is especially true if you choose to archive email messages with a third party such as a cloud service provider. You pay a low monthly subscription while the cloud provider maintains the service and security. This allows you to use the cost savings for other important business initiatives.
7. Organisation Memory Retention
Email archiving also helps with business continuity when your personnel changes. If you hire new employees, they can easily search the archive for useful information they otherwise would have missed out on. It also helps new employees to become familiar with customer history which helps them provide better customer service.
8. Centralised Administration
Instead of archiving emails using a manual process, the email indexing is automated. This prevents the end user from having to waste time managing large amounts of data which is probably not their responsibility in the first place. It also ensures the data is managed from one location which reduces the chances of accidental deletion or loss due to lack of a backed up device.
9. Improved End-User and IT Productivity
Using an email archiving solution helps to free up time for your staff which allows them to be more productive. It also makes your organisation more efficient as a whole.
By using an email archive, you are empowering your employees with the tools they need to retrieve email content at a moment’s notice.
10. Business Continuity and Disaster Recovery
Email archiving allows your organisation to store critical business data for the long term. This means reduced costs when it comes to development of a disaster recovery plan.
When you consider all of the important content that passes through incoming and outgoing email messages on a daily basis, what would happen if there is an outage as the result of a disaster? With an email archiving solution you never have to worry about data loss. Plus, your business can be up and running again within a relatively short period of time.
By introducing an email archiving solution...
Your business email is protected no matter what happens. Your business knowledge is retained, your Intellectual property is protected and you will remain compliant with statutory regulations. Ultimately, an email retention policy is positive for your company’s bottom line.