What is Information Retention Manager in SAP BC-ILM - Information Lifecycle Management?

SAP Term: Information Retention Manager

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: SAP NetWeaver contains an engine that lets you control the retention and destruction of data with the help of ILM rules.

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• Key Concepts: 
  Information Retention Manager (IRM) is a component of SAP's Information Lifecycle Management (BC-ILM) suite. It is designed to help organizations manage the retention and disposal of their data in accordance with legal and regulatory requirements. IRM provides a comprehensive set of tools to automate the process of data retention and disposal, including the ability to define retention policies, monitor compliance, and generate reports.
  
  How to use it: 
  IRM can be used to define retention policies for different types of data, such as customer records, financial documents, or emails. These policies can be based on legal or regulatory requirements, or on an organization's own internal policies. Once the policies are defined, IRM can be used to monitor compliance with them and generate reports on any discrepancies. Additionally, IRM can be used to automate the process of data disposal when it is no longer needed.
  
  Tips & Tricks: 
  When setting up retention policies in IRM, it is important to consider the specific needs of your organization. For example, if you are dealing with sensitive customer data, you may want to set up a longer retention period than if you are dealing with less sensitive information. Additionally, it is important to ensure that all relevant stakeholders are aware of the policies and understand their implications.
  
  Related Information: 
  For more information about Information Retention Manager and other components of SAP's Information Lifecycle Management suite, please visit the SAP website at https://www.sap.com/products/information-lifecycle-management.html.