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By digitizing documents through OCR, an audit trail is created, making it easier to demonstrate compliance with recordsretention laws. Additionally, extracting specific data such as dates, signatures, or specific clauses from these documents can aid in ensuring legal and regulatory compliance.
Audit trails track document views, access times, and modifications, improving document security. Automated recordsretention schedules and easier classification and storage of documents help meet strict security and privacy guidelines. Managed documents can also be tagged for automated alerts.
These regulatory agencies control the amount of taxes withheld, how benefits and garnishments are paid and recordretention requirements. Be audit ready - Maintain a log of all your actions with Nanonets. Payroll accounting encompasses every required law and regulation to promote compliance.
In simple terms, 21 CFR Part 11 ensures that digital records and signatures are just as legally valid as handwritten ones. Key aspects of 21 CFR Part 11 include: Electronic Records: Ensures data is accurate, complete, and cannot be altered without proper authorization. This includes audit trails that record who made changes and when.
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