Organisations, particularly in the highly regulated industries, are turning to Enterprise Information Management (EIM) solutions as they strive to find new ways to manage and secure their information more effectively. The three key drivers for the adoption of EIM are cost reduction, increased business efficiency and legislative compliance.

Enterprise Information Management or EIM will allow your organisation to efficiently manage of all its unstructured information whether electronic documents & records, web pages, emails, scanned images or CCTV.  EIM can be delivered as one system or a number of integrated systems, including Electronic Document and Records Management (EDRM), that can capture, manage, store, preserve and deliver your enterprise-wide content.

There are many instances where EIM can help deliver 'single point of truth' accountability for Energy organisations: an obvious example being the requirement to justify oil reserves estimates to support compliance with Sarbanes Oxley (SOX).  The integrity of these estimates, from source through to the balance sheet, must be audited and demonstrable.

Industry organisations set up to share seismic and well-data must also have in place governable processes to ensure that they comply with their regulatory responsibilities. For example, providing data to DISCOS in Norway and to the DTI for United Kingdom Continental Shelf (UKCS) licensees is a regulatory requirement. Again, an appropriate EIM/EDRM system will help support regulatory compliance and your corporate governance initiatives.

However, there are many examples of EIM/EDRM systems failing to deliver on their promise; Venture Information Management can help you avoid these pitfalls.

Our advisors and practitioners have extensive skills and experience in the planning and implementation of information and content management systems for the Energy sector.  Though we are vendor-independent, our advisors have detailed knowledge of market-leading EIM/EDRM systems including Open Text LiveLink, EMC Documentum, TOWER Software TRIM Context and Microsoft SharePoint.

For a full description of this service, please see our Enterprise Information Management brochure.

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