The Importance of managing your dealership's automative files across the full information lifecycle

As the fourth-largest industry in the world, it’s safe to say that India’s automotive industry has evolved and grown leaps and bounds over the years. India was also the only country to report a?double-digit?growth among the top 5 global markets. For a sector of this size, it’s only fair that there is a colossal amount of data being generated. This data will also need to be stored in a secure manner while being easy to find and utilize when required. A great deal of planning, organizing, and proper maintenance of records while ensuring compliances are met is necessary.

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However, unfortunately, the automotive industry relies heavily on paper-based processes that meet compliance requirements but aren’t as efficient and frictionless as digital record management. Documents like sales contracts and invoices, repair orders, service records, and business-related inventory need to be stored securely so they can be accessed, retrieved, or even destroyed when the time comes.

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For?Automotive Manufacturers, business-critical document storage in secure offsite vaults is essential to protect the confidentiality of the documents. Besides, they also need to maintain document retention schedules to securely destroy or recycle records.

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In the case of?Dealers and Distributors, timely service, and maintenance records for impeccable customer service, working with OEMs and spare parts dealers for warranty sheets, and protecting the customer’s personal identification and data are crucial.

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By outsourcing their record storage and management to secure and reliable third-party platforms, automotive players can ensure compliance, security, seamlessness, and efficiency. These platforms ensure end-to-end storage and management through their technology-enabled services. And since all of the management is taken care of by another party, automotive companies, whether it is OEMs, a dealer, or a distributor, can focus on their products and provide a stellar customer experience.

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Securus Records Management, with over 15 years of experience in the record management industry, offers end-to-end security of documents for businesses across the globe. From storing documents to governance, digital signatures, and shredding, the platform’s?range of services and seamless record management facilities make the day-to-day operations of organizations easier, secure, and cost-efficient. To know more about this, visit https://www.securus.co.in/ or [email protected].