A More Litigious 2009

This article, which was posted on British website Out-Law.com, spends a lot of time on the merits of an effective document management program for your business. Why is that so important in 2009? Well, the author makes a pretty good point.

"Recessions have a habit of triggering litigation. For example, corporate failures upset loan repayments and insolvencies spark competing claims among creditors. But other lawsuits are caused simply by a change of heart: cash is more valuable when business is bad. In prosperous times it was easier to ignore transgressors or make problems disappear by writing a cheque."

One of the main suggestions for dealing with a "more litigious 2009," is preparing for difficulties in the first place. A document management program - and in particular a comprehensive EDM system - are the simplest way to guarantee that all of your ducks are in a row. If someone like GRM is employed to keep tabs on your transactions, files and online data, when a lawsuit hits you there won't be a huge gap before finding vindicating information. Follow the link for the complete article.