Cut Cost
Cut Cost
Save Time
Save Time
Reduce Risk
Reduce Risk
Go Paperless
Go Paperless

Back-to-Business-Basics Tip: Achieve Compliance

Posted on by Frank J. Albi Leave a comment

To operate a good business, first you must achieve compliance with all the relevant laws that pertain to your business. No matter what industry you are in, you MUST adhere to all relevant federal, state, and local regulations pertaining to your business operations.

If you fail to achieve full compliance with all relevant regulations, you could get into a lot of trouble. Best case is you will be fined. Worst case is you could have your business shut down and you could even go to prison.

What should you do? Comply with all the regulations that pertain to your business.

Learn more about how BIS can help your company achieve compliance today.

Back-to-Business-Basics Tip: Reduce Risk and Liability

Posted on by Frank J. Albi Leave a comment

No risk, no reward—but why would you assume unnecessary risks?

I cannot imagine why people ride in cars without bothering to fasten their seatbelts. Do they really think they are safer in a car than when they are taking off or landing in an airliner? In 2006 (the most recent year for which complete statistics are available), there were over 100 traffic deaths per DAY in the U.S. For that same period, among U.S. airline passenger U.S. there were 47 deaths during the entire YEAR.

Similarly, I cannot understand why businesses keep old records. If boxes of tax records have exceeded their disposal period, what’s the point of keeping them—to give an auditor more ammunition to use AGAINST you? If production records have been stored longer than their warranty period, why keep them—to give plaintiff’s attorneys potential evidence to use AGAINST you?

To reduce our risk and liability from potential audits and lawsuits, DISPOSE of records as soon as their disposal schedules have expired.

Learn more about how BIS can help your company reduce risk and liability.

Back-to-Business-Basics Tip: Control Cost

Posted on by Frank J. Albi Leave a comment

You have to spend money to make money, and some times you have to spend money to SAVE money.

You must spend money on raw materials to produce finished goods, and to produce more might goods you might have to spend more on equipment. Similarly, you have to invest in the right systems to control your records. It makes no sense to pay for more storage space when you could invest in a tracking system to help you dispose of the records you do NOT need. It is a waste of money to buy more filing cabinets when you should be imaging your documents.

Controlling the costs you incur—sending money on the RIGHT things—produces the best returns on your investments.

Learn more about how BIS can help your company control cost.

Back-to-Business-Basics Tip: Save Time

Posted on by Frank J. Albi Leave a comment

Time is the one asset that can NEVER be replaced. Once passed, it is gone forever. You can borrow more money, buy more raw materials, hire more labor, but once you have spent an hour of your time, it is gone forever.

How does saving time relate to business records? Simple. When dealing with your records, ask yourself, “If I don’t do it right the first time, do I want to spend even more time fixing it?” Especially when labeling records—active or inactive, hardcopy or imaged—ask yourself, “How will I find these if I ever need them again?” The answer to that question will tell you how to label your records.

Learn more about how BIS can help your company save time with professional records management.