Shredding Old Proposals

Shredding Old Salary Proposals & Torn PaperInformation Theft Source

The importance of shredding old proposals and other business documents has never been at an all time high. We live in a world where information is power. The global economy in which businesses operate is extremely competitive. Everyone is looking for an edge over the competition as each company jockeys for a position of power. As a business owner, protecting the information your company is an absolute must. That includes proprietary information contained in old versions of proposals.

Shredding Old Proposals & Other Documents

We put a great deal of business related information in proposals and related documents. This could be anything from:

  • A proposal with pricing info for a new potential buyer or supplier
  • R&D plans for a new product that you may want to roll out
  • Draft contracts and service agreements

The truth of the matter is that all of these documents, when in the hands of another company or individual, can put your business at a major disadvantage. If it contains account or financial information, losing control of these documents can be catastrophic as in the case of business identity theft.

In order to combat the loss of this pivotal business information, business security professionals recommend shredding old proposals and other documentation is very important. When a business proposal becomes no longer necessary, it should be shredded. The reason is quite simple:  protecting that information from falling into the wrong hands.

Easy to Lose Important Information

It can be quite easy for old business proposals and such to slip out of the company’s door when not shredded right away. Here are a couple of examples:

  • Lack of secure document bins designated for shredding conveniently located throughout  your office.
  • Disgruntled employees with a grudge can leak proprietary info to your competitors
  • No All Shred policy in place providing guidelines on shredding old proposals and other key  documents
  • Poorly trained employees on what items that constitute a business or compliance risk
  • Sensitive documents accumulate because regular shredding isn’t scheduled frequently enough

Shredding old proposals is one way to protect your business. Think about other business-related documents that don’t receive adequate protection.

Are you shredding old proposals? How do you make sure they remain under your control?