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Importance of a business log file
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[QUOTE="Jasz, post: 251406, member: 61772"] Companies have different reasons for keeping track of their business log files. Here are some examples: The need to report on sales and expenses — Companies that sell products or services typically generate a variety of different reports for management purposes. These reports can be used to determine the profitability of certain products or services, monitor customer satisfaction and even measure employee productivity. For example, if you run an e-commerce site, you can track sales by product category and by location in order to plan inventory levels or adjust pricing strategies. The need to comply with industry regulations — Certain industries are required to keep detailed records of their business activities. These could include banks, airlines and health care providers. For example, your company might be required to keep logs of all banking transactions in order to comply with anti-money laundering laws. Your organization may also need to maintain records of all customer complaints in case they result in lawsuits or investigations by regulatory agencies like the Federal Trade Commission (FTC). The need to comply with government regulations — A number of federal laws require businesses to keep specific types of records over a certain period of time.. [/QUOTE]
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Importance of a business log file
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