What is an Enterprise Electronic Archive?

An enterprise electronic archive (EIA) is a digital archive that stores documents of a company in one central location. It combines all of the company’s information into one location that can help lower costs and increase productivity. It also enables employees to quickly find the information they need and speed up work processes.

Paper is a popular method for businesses to store their documents. But it’s not only expensive, but also harmful for the environment. Papers aren’t as secure and safe as digital files. Fortunately, the introduction of cloud storage solutions and EIA has helped to resolve many issues regarding compliance and documentation storage.

A good EIA solution will help businesses comply with the regulatory guidelines dataroomnow.blog imposed by various laws governing digital files communications, Personal Identifiable Information (PII) and more. It can also help reduce the possibility of lawsuits from suppliers, customers, vendors and other companies.

Furthermore, a reliable EIA software solution should offer an array of deployment options that meet the needs of the company. Large corporations may prefer the on-premise option, whereas small and medium-sized enterprises may choose a solution that is hosted. It is possible to scale up as the business grows. It should also provide flexible access controls to different types of users such as regular employees as well as compliance teams, legal teams, and IT personnel. It is also possible for users to create and personalize roles, as and the permissions associated with the roles.