Companies in some industries are required by law to retain financial documents for at least seven years. In large companies, being able to locate and retrieve documents from previous years can be extremely challenging, not to mention the logistical challenge associated with warehousing large amounts of paper. Increasingly, companies that face these challenges are turning to _______________.
A) Digital Document Systems DDS)
B) Regulated Document Storage Systems RDSS)
C) Document Filing Systems DFS)
D) Document management systems DMS)

Question

Quizplus · Accepted Answer

Document management systems (DMS) are designed to help companies store and manage large amounts of documents, both physical and digital. They provide tools for organizing, searching, and retrieving documents, making it easier for companies to comply with legal requirements and avoid the logistical challenges of storing paper documents.

Companies in Some Industries Are Required by Law to Retain