Mayville, WI, November 12, 2011 --(PR.com
)-- TAB Products Co LLC, the global leader in records management products and services, announced today the immediate availability of its new records management solution for finance professionals. TAB FusionRMS Enterprise for Finance is designed specifically to manage physical and electronic records related to income, expenditures and investments.
“In the finance world managing records is a constant and growing challenge because of new and changing laws and tightening industry regulations,” says Ross Nepean, vice president of global marketing, TAB. “This is especially true for publicly traded companies who are subject to even greater scrutiny. TAB helps bring clarity to financial recordkeeping by providing an electronic unified system that allows companies to proactively manage their records and meet compliance requirements.”
TAB FusionRMS for Finance features several industry-leading RMS functionalities:
• Maintain, rationalize and consolidate all customer account records;
• Meet IRS, state and local taxing authority compliance requirements;
• Improve design of workflows for transactional records;
• Manage loan and deposit records with accounting software applications;
TAB FusionRMS is adept at tracking records workflow. The system is set up to notify users when documents are about to expire and provides visibility of their status. The system also helps users create and apply retention schedules that defines how long each paper and digital record must be retained and when it can be safely and securely destroyed.
“In most companies, up to 70% of all paper storage boxes contain documents that are eligible for destruction,” says Billy Mitchell, director of technology products, TAB . “But because retention schedules have not been followed, they end up spending thousands of dollars each year in unnecessary storage fees.
TAB can help companies reduce storage space required with automated records retention functionality which is a huge benefit for companies looking to reduce storage costs or become more waste conscious.”
TAB FusionRMS Enterprise for Finance is just one of many records management solutions for business. Additional products have been configured for government agencies, educational institutions, health care providers, law firms and legal departments, insurance companies and Fortune 500 companies.
For more information on TAB FusionRMS, visit http://fusionrms.tab.com or contact us at http://fusionrms.tab.com/Contact.aspx
About TAB Products Co LLC
Headquartered in Mayville, WI (USA), TAB Products Co LLC is the global leader in records and information management systems for vital documents for a diverse number of clients in a variety of industries including financial, legal, medical, pharmaceutical, government and energy. Founded in 1950, TAB is a private company with over 500 employees and a sales office in every major U.S. and Canadian city, Amsterdam, London and Sydney, Australia.
For more information about TAB and its records management solutions, call (920) 387-3131 or visit www.tab.com.
Ross Nepean, Vice-President Global Marketing
TAB Products Co LLC
Tel. (416) 497-1585 x 284