This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

For The Record, Good Record Keeping Is A Good Thing

TAMPA, Fla., March 25, 2013 /PRNewswire/ -- Most businesses know that having a solid records management plan in place is essential to stay organized and in compliance with various laws, rules and regulations. But let's face it, some daily businesses tasks fall by the wayside and often record keeping is one of them. That could be a costly mistake.

"An organization's business is only as secure as its records management program," said Marshall Stevens, co-owner of Stevens & Stevens Business Records Management, Inc., a Florida-based, full-service records management center. "Losing or misplacing information costs you time, money and, in some cases, could even mean the loss of your business. Developing a plan to protect your data is crucial."

Here are three key areas to consider:

  • Are you able to access information no matter the day or time? While key records should be in a locked building/room, make sure you have a key so you can still access the information during off-hours. For extra reassurance, consider a system that will convert hard copy files into an electronic format that can be accessed through a secure online "virtual" file room. 
  • Do you have back-ups of vital information? Typically, the more effort that a business owner puts into preparing and storing back-ups of both hard copy and electronic files, the easier it will be to recover from a disaster like a hurricane or flood. Be sure you're storing back-up files in multiple secure locations, so if a disaster affects your office, another copy of your information could still be accessed.
  • Do enough people know about the plan and where it's stored? If only one person knows about the plan and where it's stored, your company could still be at great risk. Make sure information about your plan is communicated frequently with key personnel.

When handled properly, information and records management programs can improve the organization's operational efficiency, help contain costs and better enable the organization to meet its compliance and disaster recovery needs.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs