Occasional Contributor

I would love to learn from the community the capabilities of information protection and information governance in managing records. I am aware that we need an additional licensee to be able to use Record Management in Microsoft 365. Is it possible for us to still declare our documents as records using the information protection capabilities and what are the main differences? Our goal is to manage records and reduce costs as much as we can by avoiding incurring additional license costs.  

www.000webhost.com