A company’s financial statements are valuable tools for examining company performance, planning for the future and establishing a value for the business. For this reason, almost every company relies on accurate statements to help them run efficiently.

While the data in a financial statement is valuable to the company internally, they should be handled with care to ensure the data they hold remains confidential. This is where our company can help. 

We have decades of experience in the document shredding business, and we can ensure your statements and other documents containing sensitive data are destroyed when their useful time has passed. Read on for more info as we answer some FAQs about our financial statement shredding services.

What is financial statement shredding?

Financial statement shredding is the destruction of these documents after they are not useful to the company any longer. Different organizations have different requirements on how long to keep these documents for, and in many cases they are printed for meetings, presentations or other gatherings but then are kept in electronic format for future reference.

Why should you shred your old financial statements?

After these documents are used, it’s important to destroy them completely rather than just throwing them in the trash. Financial statements contain vital data to the health of a business, including the overall strength of the company. This information should be considered as property of the company, and avoiding its dissemination to the public is important. If the company’s financial situation is compromised, it could be at a disadvantage when bidding on new jobs, seeking new clients or exploring future opportunities for growth.

Why is it important to use a financial statement shredding company?

Partnering with an experienced shredding company has several benefits for financial statement shredding. You can rest assured knowing your documents are destroyed, and you don’t have to go through the tedious process of shredding in-house on machines which are prone to break or don’t provide a complete shred. We want our clients to be able to focus on building their businesses and we handle their shredding needs, so we make the process simple and minimally disruptive to your daily tasks. 

What is our financial statement shredding process?

We make it easy for our clients to do business with our company. Some of our clients produce sensitive documents regularly, so they are on a schedule of weekly or monthly pickups of documents to be shredded. Others have less periodic needs, so they schedule a drop off at our facility, schedule a time for us to pick the documents up or we can even shred on-site. We’re experienced in shredding and will ensure in any of these cases the documents are destroyed completely and your privacy remains intact.

If your business is located in the East Bay Area, including the cities of Hayward, San Leandro, Fremont, Oakland and San Ramon, and you want to ensure your sensitive data is shredded properly, then we’re here to help. To learn more about our financial statement shredding services, give us a call today.