With regulators requiring firms to keep an increasing amount of historic transaction data, organisations must decide how to best manage the storage and retrieval for reporting and analysis purposes.
Leaving transaction data in production systems incurs a high cost both by slowing down the use of those systems and by filling up high performance, premium storage media. TLM Archive is an archiving and historical data retrieval tool that removes these issues, whilst aiding compliance, through the provision of long-term storage of transaction data outside of the active database. As a result, it delivers:
- Flexible and efficient long-term storage of transactions once their business lifecycle has completed
- A secure store of any type and any version of transaction data, enabling firms to consolidate multiple systems into a central multi-tenanted solution
- Rapid access to historic data, enabling users to perform inquiries and access related information, reducing the time required to conduct investigation
- A fully compliant solution by ensuring historic data cannot be amended nor re-activated by users
- Lower operational cost by removing the need to use external storage or a second instance of the production database
- Improvements in performance and response times of the production database by removing historical transaction data
