Welcome to Solasta
Automating regulatory reporting in the financial services industry.
Solasta customises Sheetloom spreadsheet automation technology for use in financial services. Solasta creates accountancy templates and uses Sheetloom to weave in trial balances and company registration data. For example, our Luxembourg template adheres to the GAAP (Generally Accepted Accounting Principles) accounting framework, ensuring companies meet the standards required when preparing their financial statements. Solasta prepares Luxembourg accounts without manual cut & paste: key information is pulled directly from operational systems, limiting the scope for common user errors while dramatically speeding up the process.
Top Ten Business Benefits of using Sheetloom for Regulatory Reporting
The following benefits collectively help businesses optimise their financial operations, improve decision-making, and remain compliant while reducing costs and manual effort.
Increased Efficiency
- Time Savings: Automation reduces the time spent on manual data entry, reconciliation, and reporting.
- Streamlined Processes: Integration with ERP and accounting systems ensures a seamless flow of financial data.
Improved Accuracy
- Reduced Errors: Eliminates manual errors associated with data entry and calculations.
- Consistent Reporting: Ensures uniformity in financial statements across departments and periods.
Enhanced Compliance
- Regulatory Adherence: Automates compliance with financial regulations, tax laws, and reporting standards (e.g., GAAP, IFRS).
- Audit Trail: Provides a clear and traceable history of financial transactions and adjustments.
Real-Time Reporting
- Up-to-Date Insights: Enables real-time generation of financial statements for faster decision-making.
- Dynamic Adjustments: Allows for quick updates to financial statements as new data becomes available.
Scalability
- Adaptability to Growth: Easily accommodates increasing transaction volumes and additional reporting requirements as the business grows.
- Customisation: Supports tailored reporting to meet specific business needs or industry standards.
Cost Savings
- Reduced Labour Costs: Minimizes the need for extensive manual effort in preparing and validating financial statements.
- Efficient Resource Allocation: Allows finance teams to focus on strategic analysis rather than routine tasks.
Better Insights and Decision-Making
- Data Consolidation: Combines financial data from multiple sources for a comprehensive view.
- Advanced Analytics: Offers built-in analytics tools to identify trends, anomalies, and opportunities.
Security and Data Integrity
- Controlled Access: Ensures secure handling of sensitive financial data with role-based access controls.
- Backup and Recovery: Provides robust backup systems to protect financial information from loss or corruption.
Global Capabilities
- Multi-Currency Support: Facilitates accurate financial reporting for businesses operating in multiple countries.
- Localization: Adapts to various regional tax and accounting regulations through unlimited templates.
Strategic Advantage
- Competitive Edge: Faster, more accurate financial reporting enhances strategic planning and operational agility.
- Stakeholder Confidence: Improves transparency and reliability, boosting trust among investors, partners, and regulators.
Accountancy features that make Sheetloom such a compelling choice for regulatory reporting:
BYO Excel Model
Make an accountancy template from any existing spreadsheet, parameterise (e.g by company and period end) then start re-using the template enterprise wide.
Unique Write-back from Excel
Send manual adjustments and final balances to corporate systems direct from adjusted spreadsheets.
Generate PDF Submissions
One click to generate a PDF version of the accounts.
Historical Context
Reference previous spreadsheet positions within the latest sheet: perfect for portfolio analysis.
Full CSV Integration
Upload CSVs directly into the accounts. Share one CSV across 1000s of spreadsheets.
Automate Using Excel Skills
Leverage existing Excel experience for immediate productivity improvements.
Additional general features:
System Connectivity
Connect easily to operational databases, ERPs or any API.
Comprehensive Security
Enforce Single Sign On and limit access by user type and role.
Enforce Enterprise Standards
Centralise and share all templates, broadcast results across the organisation. One version of the truth, enterprise-wide.
Historical Context
Reference previous spreadsheet positions within the latest sheet: perfect for portfolio analysis.
Comprehensive Security
Supports multi-tenancy with different customers, offices and user groups located in different geographic regions.
Decision Intelligence Delivered
Distributing accurate, consistent and relevant spreadsheet models to users where it matters.
Want to talk it through?
Tell us what you are trying to solve and we will tell you how we would go about it.