Over 50 million organizations are utilizing WhatsApp as it is a free software efficient for online communication. But besides it being a free and easy instant messaging platform, it is also convenient for archiving messages.

Message archiving is a significant activity that every financial firm should attain. Aside from being a legislative requirement by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC), it is also efficient for finance companies since recordkeeping will be significant in the future.

However, in what way does archive WhatsAppchat a convenient tool for financial businesses?

Minimize Storage Expenditures

One of the common benefits of archiving a chat in this platform is it enables companies to reduce storage costs. Gone are the days of paying for additional spots for outdated and in efficient hardware. 

Using a messaging solutionis abonus factor to archive a chat on WhatsApp, considering it also has features that can help in bookkeeping, such as:

• Storing files automatically
• Secure storage, preventing unauthorized visitors from reading confidential data
• Extra cache space

Boost Employee Productivity

Archiving messages through WhatsApp can also improve an individual’s performance. It is possible, considering it:

• Reduces workload
• Avoids burn out
• Abbreviates data overload
• Prevents work interruption

Hence, it assists in boosting a person’s work productivity.

Guarantees Archiving Regulations Compliance

Based on FINRA’s Rule 3110, financial companies must cultivate and maintain a system of archiving messages. This legislative compliance is for security purposes only. It keeps the firm’s transparency and integrity to sustain secured interactions with clients or business partners.

Rule 3110 enforces disciplinary action for financial firms. Negligence in this compliance legislation will make finance companies under go violations. Hence, archiving messages on WhatsApp is highly advisable for financial institutions to utilize. 

To ensure a smooth workflow while attaining compliance with FINRA and SEC regulations, LeapXpert is a well-known company that provides secure messaging solutions to its clients. They have been in the industry for 40 years because of their outstanding products and services.

Engage more with them by contacting them through this link.