Archive SharePoint document to another folder

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Requirement : For the SharePoint folder "It Service" has documents and if anytime an item has not been modified in over 1 year - move that item automatically to specified folder which is "Archived Docs".

I know that we can achieve this using workflows but is there any other way we can use to achieve the requirement ?

I tried checking retention polices but doesn't help me to move document to custom folder.

It would be great if you can guide me or suggest me to achieve this.

Thank you :)

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