With the advent of stronger laws that focus on data retention and accountability, such as Sarbanes-Oxley, SEC-17a, Basel II and others, companies across industries face a much higher risk for audits and potential lawsuits. Business information and transactional data must be saved for longer periods of time. Along with increased risk, the associated costs can multiply into millions of dollars.
A key factor in satisfying audit requirements and defending lawsuits, or at a minimum, avoiding costly penalties, is having the capability to retrieve the appropriate information and supporting evidence to meet audit, legal and business requirements. But how can you retain historical transaction records without overloading business critical application databases and jeopardizing performance? How can you ensure a prompt, accurate response to an audit or e-discovery request?
The IBM® Optim™ Data Growth Solution enables organizations to archive and manage precise sets of historical application transaction records and store them safely in a secure archive. Chief Risk and Compliance Officers can ensure an accurate, timely response to audit and e-discovery requests and CIOs and IT directors can quickly locate and produce the exact records requested, thereby limiting the scope of discovery and reducing the potential for expanded inquiry
Most importantly, Optim supports the leading enterprise databases and operating systems, including IBM DB2®, Oracle®, Sybase®, Microsoft® SQL Server®, IBM Informix®, IBM IMS™, IBM VSAM®, Microsoft Windows®, UNIX®, Linux® and IBM z/OS®. And it supports the key ERP and CRM applications in use today – Oracle® E Business Suite, PeopleSoft® Enterprise, JD Edwards® EnterpriseOne, Siebel® and Amdocs® CRM, as well as your custom and packaged applications.
Optim can help support your compliance initiatives and minimize the risk of incurring fines and penalties enabling you to:
- Collect, manage and store application data to support data retention compliance requirements
- Protect archived data and store it securely in an immutable format
- Respond quickly and accurately to audit and e-discovery requests
- Limit the scope of discovery to only those application transaction records specifically requested
- Manage and store archived data cost-effectively based on its business value and access requirements
- Leverage both native and application-independent access to archived data to satisify inquiries and reporting requirements.
On Demand Webcasts
- Abysmal: The State of Data Retention
Improving the way you manage information and being prepared for e-discovery simply makes good business sense
- Strategies for Successful Data Governance
Data Governance experts address the challenges of data governance in both production and non-production environments
- Mergers and Acquisitions: Data Management Strategies that Support Business Growth
Every merger and acquisition doubles the IT infrastructure that must be managed and maintained to support the new organization
- Protecting Your Company and Your Customers: Understanding Data Governance for JD Edwards
Managing your vital JD Edwards EnterpriseOne data require implementing policies, procedures and standards to protect data in both production and non-production environments
- Your Five-Year Applications Management Strategy
Listen as Ray Wang, Principle Analyst, Forrester Research, makes a case for a long-term strategy for packaged applications
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