Responding to a more stringent climate of corporate governance and regulatory scrutiny, FileNet Corporation a provider of Enterprise Content Management (ECM) solutions, has announced the introduction of FileNet Records Manager, a new records management suite that is designed to offer lifecycle management of records from creation to disposition.
FileNet's Records Manager will be based on a single, integrated, scalable repository featuring the ability to create and manage file plans, retention schedules, and security. It also offers reporting and auditing tools to enable organizations to meet any number of regulatory reporting requirements.
The new solution is designed to help organizations meet newly introduced or updated government and industry regulations as well as the explosive growth in the volume of electronic records resulting from the widespread use of electronic content including the Internet and email. The FileNet Records Manager suite is designed to address specific needs around issues of complying with reporting provisions of the Sarbanes-Oxley Act and is designed to meet the U.S. Department of Defense's 5015.2 records management standards requirement, as well as the U.K.'s National Archives 2002 revised functional requirements. Recent high-profile corporate malfeasance, new legislation and Securities & Exchange Commission oversight have pushed records management and compliance into the forefront of corporate strategy.
FileNet's Records Manager software suite is designed to provide a central file plan administration for both electronic and physical records, and automatic electronic records declaration and classification. By making use of FileNet's monitoring, reporting and analytics capabilities, Records Manager can provide organizations with the visibility required to understand when, how, why and where records are used within their business. This can enable companies to proactively optimize operations according to specific needs and adjust records retention policies and file plans to meet emerging regulatory requirements.