Cranford, NJ – June 04, 2009 Paragon Solutions, a business and information technology firm, announced today that it has been engaged to deliver its Electronic Communications Compliance and Risk Management (ECCRM) solution for a leading financial services company.
Paragon will implement an ECCRM solution that will enable the company to promptly produce email in response to regulatory or legal requests, resulting in an Electronic Communications (EC) strategy that will reduce storage costs, increase efficiency and enable the firm to effectively meet regulatory requirements. The solution is centered on Paragon’s e-Compliance Maturity Model which takes a comprehensive approach to mitigating compliance risk, reducing litigation costs, and helping to institutionalize enterprise electronic compliance.
"Some firms fail to have a holistic strategy in place in order to determine retention and storage needs, which results in large EC archives, high storage costs, inefficient search and retrieval capabilities, and increased regulatory risk,"says Rod Heck, Vice President Financial Industry Solutions. "Recent regulatory changes are causing firms to address how they handle uncontrolled electronic communications. Paragon’s ECCRM solution helps these firms better manage their electronic communications to reduce costs and meet regulatory demands for retention, supervision and legal discovery."
Paragon’s e-Compliance Model assesses the three key areas where clients are demanding the most subject-matter expertise: Electronic Communications Archiving and Surveillance, Records Management, and Electronic Discovery (eDiscovery).
Paragon Solutions, a division of Paragon Computer Professionals, is a management and technology consulting firm that specializes in helping clients leverage information assets for better business results. The company does this through its vertical practices and specialized technology service lines that help clients optimize their operations for maximum return on investment. Paragon works with businesses that are focused in a few key verticals – financial services, insurance, healthcare, life sciences and communications. The industry-focused business consulting and delivery teams work with Paragon’s competency groups in areas that include Strategy, Business Process Management, Enterprise Content Management, Data Intensive Solutions, Systems Integration and IT Transformation.
For more information, please visit the Paragon Web site at www.consultparagon.com.