Applying the GARP principles can help an organization reach its strategic objectives. GARP not only helps an organization properly manage its information in compliance with legislative mandates and regulatory requirements, but it also improves business operations by guaranteeing that:
Information will be protected against loss. It ensures that an organization’s critical records are backed up, protected and easily accessible, allowing it to continue business in the event of a disaster.
Information will be available when needed. It allows employees to locate, retrieve and disseminate information needed for making decisions, transacting business and responding to litigation — all of which have a positive impact on an organization’s bottom line.
Information will be retained as required and disposed of when no longer required. It ensures that organizations have records retention schedules and that records are disposed of in the normal course of business. To ensure that employees are complying with records retention and other records management policies, organizations must regularly conduct internal audits.
External investigations and litigation obligations can be easily met.