Cairn

Reduced futile time and errors by streamlining paper-intensive manual processes

Problem:

• Safety and security of Information.
• Stringent Compliances.
• Space Crunch
• High cost for managing information internally.
• Deviation from core business activities.

Solution:

Iron Mountain’s

• Records and Information Management Solution
• Data Management Solution. (Tape Vaulting)

Value:

• Saving 70% cost of managing information internally.
• Freeing up storage space and staff from unwanted work.
• Reduced wasted time and errors by streamlining paper-intensive manual processes.
• Complying with recordkeeping requirements to minimise regulatory risks across physical and electronic records.

The Customer

Cairn India is one of the largest independent oil and gas exploration and production companies in India with a market capitalisation of ~ US$ 7 billion. Cairn India was rated as the fastest-growing energy company in the world, asper 2012 & 2013 Platts Top 250 Global Energy Company Rankings.

Cairn India operates 27% of India's domestic crude oil production. Through its affiliates,Cairn India has been operating for close to 20 years playing an active role in developing India's oil and gas resources. www.cairnindia.com

The Benefits

Streamlining information management processes to a simplified solution for quick access and retrieval of information was a necessity to the Customer. There was no reliable or timely access to even the most active, necessary documents.With government mandates and other regulatory requirements, it also became clear that the customer needed to sharpen its focus on compliance preparedness. Also, the cost of managing information internally and the real estate cost was increasing day by day. Therefore, the customer needed to enact significant changes in its records management methodologies and processes.

"Iron Mountain has not only simplified Complete RIMprocess for Cairn but also helped us maximise the value of our Information.

Secure Records Storage is an ideal solution for organisations that needs to store, protect and manage their information."

- Mr. Rajnish Kumar
Manager, Information Management
Cairn India Limited.

2009, Cairn decided to onboard a RIM Partner to manage information professionally and efficiently.Iron Mountain Developed and implemented a comprehensive RIM program which is addressing classification, retention,safety and compliance monitoring issues of the Customer.