Why Compliance Costs Are Out of Control
Compliance costs aren’t just high; they’re often absurd. Between overpriced legacy tools, rigid hardware requirements, and storage models straight out of 2011, many financial firms are stuck paying more than they should. And worse? They’re paying for tools their teams hate using.
It’s easy to feel trapped by your own compliance options. If it was so hard to implement, why would you want to get rid of it?
That’s why we built TCC - to take the stress, time, and BLOAT out of compliance. You don’t need to review every piece of content to make sure you’re compliant according to regs. Let’s use smarter tech and cut out legacy inefficiencies and make it easier for you, and your firm, to stay compliant and cut costs. Meaningful cost savings. No cut corners.
1. Virtual Machines: Goodbye, Expensive Hardware
The Problem: Legacy platforms use physical Macs. That gets expensive, fast.
Legacy iMessage compliance systems often rely on physical Macs, with each device limited to managing only five accounts. For firms with hundreds or thousands of employees, this hardware requirement creates a logistical nightmare and a financial black hole.
Our Solution: TCC’s Virtual Machines
So, how are we different? By using virtualized macOS environments with nested Apple IDs,we can reduce hardware and licensing costs by over 3x.
TCC streamlines this by leveraging virtualized macOS environments with nested Apple IDs. This approach significantly reduces hardware and licensing expenses, allowing firms to manage more accounts efficiently.
Key Benefit: Per-user compliance costs drop by over 3x, freeing up resources for growth and other priorities. And this isn’t even touching on how TCC flags messages so that your compliance team isn’t combing through thousands of messages that they don’t need to.
2. Scalable Storage: Saving on Data Retention
The Problem: Storage Costs That Balloon Over Time
I’m preaching to the choir by reminding you that financial firms need to retain communications data for years to comply with regulations like SEC Rule 17a-4 and FINRA regs. But here’s the kicker - because of the years of archive and storage, antiquated traditional compliance platforms pass on the storage costs to their clients.Financial firms must retain communications data for years to comply with regulations like SEC Rule 17a-4. Traditional compliance platforms pass massive storage costs directly onto their clients, often without transparency or flexibility.
Our Solution: S3-Based Storage
We’re not going to pass those intrusive storage costs on to you.
TCC integrates with Amazon S3 storage, a scalable, cost-effective solution. By moving away from proprietary storage systems with premium markups, TCC significantly reduces the expense of data retention.
But the benefits don’t stop there:
- Cost Transparency: You know exactly what you’re paying for: no weird “Surprise, you owe us a chunk of money since we decided you’re over storage” come December 31st.
- Future-Proofing: S3’s scalability ensures firms can store increasing amounts of data without breaking the bank..
Key Benefit: Lower storage costs directly impact a firm’s bottom line, making compliance more manageable in the long term.
3. Streamlined Onboarding: Save Time, Save Money
The Problem: Onboarding That Eats Your Quarter
Legacy compliance tools are a time suck with their long drawn-out onboading processes. IT teams often spend months JUST getting systems up and running, diverting resources from other critical projects. All those separate projects you want your IT team working on? They’ve slowed to a crawl.
The Solution: Fast, Frictionless Deployment
While our software isn’t simple behind the scenes, we built it with the intent to make sure it’s simple for you to get onboard. Our intuitive platform requires minimal setup, enabling firms to get started quickly without a steep learning curve. With automated account setup and plug-and-play integrations, TCC gets your team onboarded fast. Think minutes to days, not months. No hand-holding. No IT fire drills.
Key Benefit: By reducing the time and labor involved in deployment, TCC allows firms to focus on what really matters: serving their clients.
Why Cutting Costs Doesn’t Mean Cutting Quality
Cost savings often come with trade-offs, but not with TCC. The platform’s innovations don’t sacrifice quality or compliance effectiveness. In fact, by combining cutting-edge technology with thoughtful design, TCC enhances compliance processes while keeping budgets in check.
What Firms Gain:
- Scalability: A solution that grows with your business.
- Reliability: A platform that ensures regulatory readiness, even during audits.
- Transparency: No hidden fees or surprise costs: just predictable pricing.
Compliance is often the grumbled-about financial burden of a firm. It’s expensive, frustrating, and unavoidable.
TCC changes that narrative. Innovations like virtual machines, scalable storage, and fast onboarding transform compliance from a cost center into a strategic advantage.
The message is clear: you don’t have to break the bank to stay compliant. With TCC, financial firms can reduce costs without cutting corners, making compliance smarter, faster, and more affordable.
