Adding all company forms on sharepoint

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My company wants to have all forms (leave requests, travel requests, etc...) on SharePoint. They want employees to login to SharePoint and fill out a request that uses InfoPath. I have noticed that I am able to read all submitted requests and edit them. I was told to make all these submitted requests private that would cause problems on the SharePoint. I am wondering why that would cause a problem, as well as what are the other cons to having all company forms on the SharePoint.

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If you go to list settings -> Advanced settings 

You can change the Item-level permissions

I would recommend: Read items that were created by the user

and  

Users with full access can see all items.

 

I would not recommend to use infopath as it will be replaced in the future. You can take a look at PowerApps and embed the forms on a SharePoint list.

 

Cheers

Bernd