How GARP Can Help Reduce ESI Volume and eDiscovery Costs
Many recordkeeping policies already adhere to the generally accepted recordkeeping principles, also known as GARP®, as discussed in my previous blog post. But GARP is not intended for use as an all-encompassing checklist when creating or evaluating a recordkeeping program—it should be used as a guide in creating a recordkeeping program that is customized to an organization's specific needs. For example, a heavily regulated organization may want to focus its recordkeeping program on the Compliance and Integrity Principles of GARP.
The benefits of incorporating GARP are readily apparent during e-discovery requests, as the sheer volume of ESI is ultimately reduced. This translates into reduced costs for processing, hosting and even reviewing ESI. In addition, the use of GARP can reduce e-discovery costs by allowing organizations to:
- Easily identify records custodians
- Target data source locations to streamline collections
- Efficiently manage ESI storage to allow for decreased response times and more reliable e-discovery budgeting
Whether your organization is a small business that is not heavily regulated or a Fortune 500 company, GARP is an essential resource in creating or maintaining a solid recordkeeping program. Globanet can assist your organization with its information governance challenges by offering world-class solutions and services to meet your unique needs. Our solutions consist of both cloud-based and on-premise options, and address the areas of archiving and e-discovery, messaging compliance, records management and data protection.
No matter what guidance you follow or solution you choose to use, the most important thing is that you have documented recordkeeping policies and procedures in place.