State Records Authority of New South Wales
Why is good recordkeeping important?
Information is a primary organisational asset that is needed now and into the
future. Good recordkeeping underpins the provision of good business information.
Good recordkeeping helps you to find and share the information you need
Your business relies on information. Without it, it cannot function. Good
recordkeeping can help you to find the information you need. It promotes the
creation of full and accurate records in the first place. It also involves storing and
managing records appropriately so that the information will be available to you
when you need it. It can also assist you to promote information sharing and
collaboration.
Good recordkeeping results in information that can be trusted
Good recordkeeping enables you to trust the information you find. Thanks to
proper recordkeeping processes, you can be confident that information has
authenticity and integrity, that data is in context, that you will be able to
understand past decisions and actions and that the information will withstand
scrutiny as evidence.
Good recordkeeping helps you to make sound decisions
If you can access and trust information then you can use it to make more
informed decisions and to take appropriate actions. Good recordkeeping helps you
to conduct better business.
Good recordkeeping protects you and your organisation from risk
Good recordkeeping can be your proof that you have made considered decisions
and taken appropriate actions. Records become your protection if you are
questioned or challenged. Without them, you are at risk.
Good recordkeeping can not only protect you but can support your organisation in
legal or other challenges. It also protects the rights of your clients and ensures
that they have what they are entitled to. Without records, your organisation and
your clients are at risk.
Good recordkeeping can also help you to comply with a range of legislation and
prevent legal challenges arising. It is a very powerful risk mitigation tool. It also
ensures that records are destroyed in a timely way which again mitigates risk.
Good recordkeeping helps you meet your responsibilities for open
government
Open government and the proactive release of information, under the
Government Information (Public Access) Act 2009, needs to be supported by
good recordkeeping. Good recordkeeping will help you to know what information
you have and what you can make more openly available.
Good recordkeeping enables information to be reused
Business information that can be found easily and trusted can be repurposed and
reused in multiple ways. This creates efficiencies and business advantages. It can
help you to maximise scarce resources.