12 Jun How to Make Audits Easier With an Electronic Records Management System
No one likes audits, but they’re a fact of life for government agencies and private organizations alike. Whether the audit is being conducted internally or by a regulatory body, they consume time, effort, and budget. Worse, if the organization cannot produce the required information, auditors often take their absence as a mark against the organization.
“If you complied with the law, but it wasn’t systematically documented, regulators will treat it as though it never happened,” said Adam Haney, Assistant Counsel at Upstate Medical University in Syracuse, and Nedra Abbruzzese-Werling, Associate VP for Compliance Services at Boston University, in a presentation at the 2017 Higher Education Compliance Conference.
Thankfully, this is also one of the side benefits of the rise in electronic record-keeping. Electronic Records Management (ERM) systems typically include features that make performing and complying with audits simpler and more straightforward. Learn how on our TransAccessDM blog.