PSS Systems Offers Records Retention Package for Financial Services Industry
Fast track to a modern enterprise retention program

Mountain View, CA — October 16, 2007 — PSS Systems, pioneers of the legal holds and retention management software revolution, announced that an advanced retention kit is available for financial services companies. Developed by a top law firm for a leading global financial services company, the retention kit includes a comprehensive set of retention schedules and a library of legal citations to support the schedules. The kit is an excellent accelerator to a sophisticated, accurate retention program for all financial services companies, particularly given the commonality in records classes and applicable laws in the industry. The retention schedule set covers the 288 classes of records typically found in global financial companies and each retention schedule has the specific laws that drive its retention period.

Because the traditional retention approach bloats retention periods with laws that do not apply to the financial services industry, a leading global financial services company invested in a complete organic overhaul to look at their records and the laws across the U.S. that applied to their various businesses. The result is a comprehensive records catalog that is legally based, has led to significant reductions in retention periods and has instilled a greater confidence in their retention program.

“This best practice package is a powerful accelerator to a modernized retention program for global financial services firms. It offers companies the benefits of thorough legal research from a top law firm, direct linkage from law to schedule, and sample schedules for all records in a global financial firm — without the associated time and expense,” said Deidre Paknad, President and CEO of PSS Systems. “Using the retention kit in concert with Atlas ERM allows coverage across data sources and types, and with Atlas LCC these tools tighten the linkage to litigation communications and collections.”

With Atlas ERM and this set of industry-specific schedules and citations as a starting point, other financial services industries can:

• Cut months or even years out of their program development by starting from the “best practice” working model in the industry
• Legitimately reduce the average retention periods and the amount of data retained by linking retention rules to applicable laws
• Modernize the retention program beyond paper and physical warehouses
• Allow records coordinators across the business to quickly conduct their own departmental inventories of records
• Have a sustainable retention program that is based on actual law

Companies should conduct their own internal review and approval of the schedules, and this process is greatly facilitated with Atlas ERM workflow and retention project management features. Atlas ERM replaces binders of legal codes, static retention schedules on intranet sites, and the backlog change requests submitted manually with a Web-based, dynamic system that easily manages the relationships between business groups and their records, laws and affected retention schedules, records and their locations as well as non-record lifecycles for a sustainable, living program. Atlas ERM provides a cohesive enterprise system for retention policies so you can:

• Define policies and schedules globally, but manage and enforce them locally
• Manage records inventories and programs at a departmental or business unit level in concert with the corporate program
• Reconcile and effectively manage disparate retention schedules across geographies and business units
• Use a retention hub to define, approve, and communicate retention schedules to the many people and systems that must enforce them
• Update retention schedules in one place and enforce compliance with them in many places
• Be ready to describe your retention practices and sources of data with confidence

As the sole distributor of this financial services records set in bundle, PSS Systems will provide annual update services for the citation library and the retention schedules through its relationship with Ryley Carlock & Applewhite. Ryley Carlock & Applewhite provides legal services to analyze and review client’s unique records environments and tailor the retention schedule set to the specific firm. The package works with the Atlas ERM software from PSS Systems and compliments Atlas LCC for litigation communications and collections.

About PSS Systems
PSS Systems started the legal holds and retention management software revolution in the early 2000s by envisioning the looming change in corporate legal requirements; its Atlas software suite reduces cost, burden, and risk for the world's leading financial services, pharmaceutical, oil and gas, telecommunications, technology, and consumer products companies. Atlas LCC streamlines the legal holds and collection processes end to end, while Atlas ERM enables corporate retention programs across disparate business units, information sources, and systems. With tens of thousands of legal holds, collections and retention schedules under Atlas management, few companies have more domain expertise than PSS Systems. PSS Systems continues to lead the industry through unparalleled innovation and the CGOC, which it founded in January 2004, as a practitioners community on retention and preservation. PSS Systems is headquartered in Mountain View, California, with offices throughout the United States including New York, Los Angeles, Chicago, and Houston. For more information visit www.pss-systems.com.

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