Josh,

While functionality is important, may I suggest that you include governance issues in your assessments?  There are many, but some to consider include:
  -- Application and release of holds
  -- Notification commitments for security breaches
  -- Security against industrial (or governemental) espionage
  -- Commitment to obliterate records (and all metadata) from servers after the records are returned to the owner

And the list goes on and on.

I guess the point is to consider risks of all kinds, as well as functions and economics.

Good luck, and let us know how it goes.

Gordy
Gordon E.J. Hoke, CRM
Waukegan, IL USA
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Gordon E.J. Hoke, CRM

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