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While compliance is not an option, how you handle all the documents that are required by these regulations is an option. According to the Security Industry Association Report on Management and Professional Earnings in 2001; and adjusting an additional 35% to account for overhead costs, the hourly cost of a compliance manager is approximately $101.25. Handling each request for information can take two hours for a cost of over $200 each.

Network Logics can provide you with a cost-effective Laserfiche solution to help handle all those documents electronically and meet the demands of current legislation, limit civil and criminal liabilities, and avoid severe financial penalties for being out of compliance.

To start, you may want to read about the basics of document imaging and Laserfiche. You can also download a document imaging brochure in PDF format from Laserfiche to get the big picture of how document imaging works.

You can find specific information on how Laserfiche can help your industry stay in compliance with federal regulations by visiting these web pages: Small & Medium Business, Large Enterprise, and Government.

More specific information on how document imaging can boost your company's productivity, save you money in the long-run, and help you meet compliance requirements is available below.


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Important Laws Regarding Compliance

New and existing laws impact how businesses and the government manage information and have mandated the need to secure personal and financial information more effectively. What are these regulations that are forcing organizations to take action?

More in-depth information is necessary to keep your business in compliance these web sites are available for review.

Health Insurance Portability and Accountability Act HIPAA
Sets the standards for privacy of individually identifiable health information.

Sarbanes-Oxley Act
Set up a public accounting board and set mandatory compliance for corporate accounting standards.
Gramm-Leach-Bliley Act
Protects consumers' personal records held by financial institutions.
The Federal Deposit Insurance Corporation regulates and examines banks to protect consumers.
SEC Rule 17a-4
States that broker-dealers must preserve all electronic records exclusively in a non-rewritable, non-erasable format.


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