Bloomberg Launches Cloud Archiving For Microsoft Office 365
Bloomberg's electronic communications compliance offering, Bloomberg Vault, has integrated with Microsoft Office 365. That means financial services firms using Microsoft Office 365 now have a cloud-based solution for meeting global electronic communications regulatory and risk management guidelines.
According to a study commissioned by Bloomberg Vault and Forrester Consulting in May 2011, financial institutions are taking more precautions when it comes to archiving emails. They are rapidly moving to hosted email compliance and storage services in order to deal with increasing costs, risks, and regulations.
And, it's not just financial institutions that worry about information management regulations and prudent records retention processes. Companies in all industries need to think about this as well. (The combined service from Bloomberg and Microsoft can also aid non- financial organizations.)
Here's the net-net on the benefits from Bloomberg Vault/Office 365:
- Integrated and secure archiving of all electronic communications as a hosted service, helping companies to reduce overhead costs by leveraging the cloud;
- Specialized features designed to help financial firms meet compliance requirements through real-time policy management, advanced search, eDiscovery and electronic records retention and preservation;
- Biometric security for compliance officers to enhance access controls.
Harald Collet is the global product manager for Bloomberg Vault