Rare is the business that has organized, categorized, and filed every document of its transactional history – just waiting for the opportunity to present them in a merger or acquisition scenario. Reality reveals hundreds, perhaps thousands, of documents in various file types across multiple locations and systems.
FileFacets uses a feature matrix employing big data algorithms to build predictive models that determine document types on a transactional basis. The solution can help differentiate among hundreds of file types: contracts, invoices, subpoenas, etc. And this is not a one-use solution. It can be applied to multiple transactions throughout a corporation’s life cycle.
Many organizations are uncertain as they face the daunting prospect of migrating to a new ECM. Migrating content that is unclassified, unattributed, or unorganized can clog the ECM with large quantities of unwanted data, or worse, derail the project entirely.
Identify Document Type, apply a retention code, and process defensible disposition on content across the enterprise regardless of location, repository, or format. That is the holy grail of Records Management and Information Governance. It is also at the heart of FileFacets’ value proposition.
Using FileFacets to automate defensible disposition processing allows you to be fully compliant and reduce your legal exposure. Save money by maximizing your existing infrastructure and reducing your storage costs.