Reducing Non-compliance Risks

by Manu Sharma    Mar 05, 2009

Hewlett Packard (HP) plans to unveil a new document and records management software - TRIM - aimed at reducing an organization’s risk of non-compliance with legislative and regulatory requirements over the next few months in India.

Talking to CXOtoday Kris Brown, TRIM marketing manager, HP APAC, said, "We are likely to roll out the software in the coming months and will start with the manpower for sales force and also the training. The software was originally developed in Australia and later acquired by HP."

Globally, there are more than 20,000 regulations that businesses need to comply with, including the significant legislations such as Sarbanes-Oxley, HIPAA and BASEL-II. In India, specific regulations mandate on how companies manage and store their information, including the IT Act, Indian Evidence Act and SEBI Clause 49, but most of them are not enforced yet by the Indian government, said Brown.

Meeting these guidelines also increases the return on investments for any organization, Brown said.

HP TRIM software is a best-practice document and records management system (DRMS) that reduces your risk of non-compliance with legislative and regulatory requirements while increasing security, data integrity, productivity and accountability.

In India, HP is targeting Central and state government departments, public-sector undertakings (PSUs), organizations and banking and financial institutions.

HP’s Bangalore lab, which has been doing software development for the information management and achieving, will also handle the customization of the TRIM software as well.

 

Related Link

IT: The Key for Meeting Compliance