The energy industry is faced with increased regulatory compliance and must be able to gather all information for audit trails and accurate reporting, while increasing productivity, lowering costs and improving the management of their supply chains.  This need for proper records management and retention disposition is a force that can be and extreme burdensome to any organization. Consortio has the knowledge and products that can guide a company through its organizational and retention needs.

Many of the requirements affecting an energy company are found in US Federal and International "Energy Regulatory Commissions" regulations. Additionally, the company activities and products may add downstream record requirements that are independent of the Energy Commissions such as environmental and financial reporting.

Consortio has the expertise to develop and implement a records management program that will guide your organization through these regulatory, internal business and industry hurdles.

A good records retention policy will address the full life cycle of a record, from its creation through its maintenance, archiving and eventual disposition, including:

• Identifying which documents must be retained
• Determining how and where documents will be maintained
• Determining how long records must be retained
• Understanding compliance obligations under potentially inconsistent  international, federal and state requirements
• Understanding compliance standards specific to the energy industry
• Understanding compliance standards specific to the activity i.e. accounting, HR, etc.

Considering whether there are business reasons for maintaining records longer than required by law; and preserving records necessary to defend against or bring litigation, Consortio has years of experience developing and implementing retention programs for organizations that fit their business needs.