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Compliance

Compliance

Today, there is no way to get around it you need to be compliant with government regulations to maintain personal information and business records. It is all about accountability. Organizations are now obligated to securely maintain these records and must provide resources to meet this new legislation. Whether it is Sarbanes-Oxley, Gram-Leach-Bliley, HIPAA, FDIC, or SEC Rule 17a-4 that governs your organization, Laserfiche can provide you the solution.

A recent study by The Security Industry Association Report on Professional Earnings, (Table 051) determines the hourly cost of a compliance manager is approximately $101.25. This calculation is based on adding an additional 35% to account for overhead costs. Each request for information can take up two hours - for a cost exceeding $200.00 every attempt.

If you’d like to learn more about why it is necessary to comply, check out these web sites for information.

Health Insurance Portability and Accountability Act (HIPAA)
Sets 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
The Gramm-Leach-Bliley Act protects consumers' personal records held by financial institutions.

FDIC
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.

To start learning more, you may want to read about the basics of document imaging and Laserfiche. Also check out the following brochures for information on how document imaging can boost your company's productivity and help you meet compliancy requirements:

Laserfiche brochure
Laserfiche HIPAA brochure
Laserfiche Healthcare brochure
Laserfiche Financial Services brochure
Laserfiche Credit Unions brochure
Laserfiche Local Government brochure
Laserfiche Counties brochure

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