With all the new regulatory requirements, what is the suggested records retention for various types of documents? Every industry has specific requirements. How many of these business transactions were not paper, but initiated by email? How important is it to save emails related to these proceedings? Again, these are industry and regulatory issues for each company to decide.
Paper is not going away. Using paper and digital technologies together can lead to a more effective document based process.
Note: These are suggested retention schedules based on current information. Please consult your attorney or accountant for laws applicable to your situation.