Electronic records management is a system developed for storing a variety of digital files in a computer system and such as Ebr pharma is a Highly powerful and low-cost Pharma specific EBR tool that saves lots of time and effort producing, reviewing, and approving your batch records. It is used for preserving the official records that are either received or created in different programs.
For
example, receiving receipts from email or accounting software, or drafting the
same in MS Word or Excel. When you use such a system for maintaining your day-to-day
transaction and happening in the office, it is called electronic record keeping. In the digital era, it is necessary
to have to use it. It is a step ahead of the way we used to record manual
data.
Still,
some organizations are reluctant to give away their conventional methodologies
of record keeping. They hesitate in adopting technology because it has its pros
and cons. So, there is not a record management system that can be called the
ultimate solution.
If
physical records are prone to lose and theft, so does the digital records. To
stay on the safe side, expert suggests using both the electronic as well as physical
records management. Let us find how using both can help you in managing your
important data.
1. Increase your business efficiency
By
managing two different records management systems, you can ensure efficiency at
work. For example, if the physical records are archived at a distant location,
and the management instantly needs to retrieve an important file, they can have
the electronic records. Reaching out to your data managers may sometimes be
time-consuming. For quick access and retrieval, you can keep both records
intact and do not rely on a single source.
2. Error correction
The
transition of data from physical to electronic records may result in a higher
rate of errors and mistakes. The staff that was not trained and experienced in
digital records may commit a lot of mistakes.
These
mistakes may cost you a lot if you disposed of the physical records as soon as
moving it to the electronic medium. Therefore, to cross-check facts and
figures, and correct errors, you need to use and retain both, the physical as
well as electronic record-keeping.
3. Have multiple backups
An
organization that has to deal with sensitive and confidential data of its
stakeholders may need it for various reasons. Digitizing physical records is a
smart move, but disposing of is a grave mistake. You can keep both to have
multiple backups.
In
this modern age of technology, we rely greatly on digital equipment. However,
these are also prone to damage. So, damage to your hard drive, computer, or
cloud server can compromise the entire data. to stay on the safe side, you have
to retain the physical documents so that you can refer when needed.
4. Prevent wear and tear of records
Electronic
records management is the ultimate solution for making sure the documents
retain in their clear and readable format. In the process of digitization, the staff
may have scanned some copies in poor condition. Now, what to do if you do not
have the actual document in records but a blurred copy in your electronic
record? Surely, it is of no use for your or your organization. To prevent your
organization from such a loss, you can use both records management so that you
can go back, review the document, and repurpose it.
5. Free space
Moving
your physical records to a secure location helps you free up a lot of space. The
same happens in electronic records management. You can use both systems to keep
archiving the side of the record by side. For example, if your organization is
still producing physical records that are piling up in cupboards and drawers,
and you don't have enough space to accommodate in the office, you can add it to
archive space.
Similarly,
you can move accounting records created from an electronic records management
to a secure server and free up disk space. For most of the organizations, it
becomes mandatory to retain both the system because of the nature of data they
collect, possess, and manage.
6. Risk management
There
is no greater risk than putting your data in danger. With digital records, you
can be sure that no one may access, steal, or modify the data. However, there
is still a chance of malicious attacks. You cannot play havoc with such
precious data of your organization.
Therefore,
to minimize risk, you have to use both the physical and digital records so that
either of them can be used if one is damaged, lost, or stolen. Failing to
manage risk may result in issues like non-compliance with the law and poor
public relations with clients and other stakeholders.
7. Stay Accountable
Your
organization can only stay accountable to legal and statutory regulations if an
effective records management system is in place. The conventional system of
physical records is outdated, but we cannot dump it in pursuit of adopting the
latest technology as the technology itself deteriorates with time. To have a
strong data management strategy, we have to consider both so that if any legal
issue arises, we must have all the relevant files at our fingertips.
Concluding thoughts
Among
different data managing strategy, the physical records management
is archaic and a reliable one if it is offered at secure premises by reliable
service providers.
The
files that are stolen, damaged, or amended in manual records can be traced
easily in comparison to the electronic records management, which is need of the
hour. Therefore, you need both management systems. The physical records for
connecting to the route or origin or file, and the electronic one to make your
company a paperless and tech-savvy organization.