About Us
Compliance11 provides on-demand Compliance Software Automation Tools for the financial services industry. Compliance11 enables organizations to reduce their regulatory compliance spend by automating labor intensive tasks and at the same time increase the quality of their supervision. Compliance11's solutions automate Personal Trading, Affirmations & Disclosures, Gifts & Entertainment and Case Management.
Our Story
Compliance11 was founded in late 2005 because the founders perceived that financial services regulatory compliance was being underserved by the technology community. The existing applications were expensive for the value provided and were built on architectural platforms that were expensive to setup and maintain. Thus, medium and small financial services companies were left with no financially viable compliance software automation tools and large firms either developed systems internally or purchased costly products that required complex implementations and upgrades.
Compliance11 designed its products in partnership with seasoned Chief Compliance Officers at leading financial services firms who had experience with custom and off-the-shelf compliance software. Since ease of use was a key requirement, Compliance11 also partnered with Studio 1440, an award winning design firm, to refine the product's usability.
Compliance11 built its application suite using highly scalable, industry standard technology, secured it using the latest security technology and hosted in with the third largest managed hosting provider. The result is a robust technology infrastructure that typically only the largest firms can afford. See Technology Overview for more information.
Compliance11 delivers its solution using a pure Software-as-a-Service (SaaS) or on-demand model. Since the SaaS model does not require hardware or software installation and support, little to no IT involvement is necessary. The system can be setup in hours. Brokerage feeds can be operational in days. Features normally requiring integration work like the security master come pre-configured at no extra charge. In the end, the total cost of ownership of our SaaS solution is one-tenth to one-hundredth the cost of packed software solutions.
Compliance11's resulting solution is financially viable for the smallest firm and robust enough for the largest firm.
The Supervisory Suite went live in December 2007. Since then, the application has been upgraded every three months based on feedback from our growing customer base of top compliance professionals. Thanks to the SaaS model, all customers are immediately upgraded with no effort on their part. Thus, customers are not only purchasing current functionality, but purchasing the combined expertise of our customers who are constantly honing the product to conform to the latest regulatory compliance trends.
Chief Compliance Officers have been able to reduce their compliance operating costs by up to 25% using Compliance11's products. All customers are delighted with Compliance11's commitment to product quality and customer service. See Compliance11 Case Studies for more information.
Our Team
Compliance11 is led by a distinguished team of professionals with an unparalleled mix of financial, broker dealer compliance and software development experience. Talon Asset Management, a diversified investment management company, is the lead investor with several executives serving on the Board of Directors. See Management Team for more information.
Our Locations
Compliance11 is headquartered in Chicago with offices in New York and Los Angeles. See Contact Us for more information.