Explain the differences between Document Management and Records Management in terms of the benefits they can provide to an organisations Information Management Strategy.

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Document management is how an organization oversees the entire process of creating an individual document (such as a report, script, certificate or other written instrument), all the way from commencement through completion.

The process starts with the drafting of the document, which can be done by one or more users, and involves allowing different users to make changes to the document over a review and revision period. It ends with an official approval and storage of the document.

Proper document management centers on the improvement of organization and workflow processes, speedy retrieval times, loss reduction and minimizing the space needed for physical asset storage.

Records management is the standards and policies an organization puts in place for maintaining one or more important documents, which become a record simply by...

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