Financial Regulation, Risk Mitigation and Offsite Monitoring rely heavily on high-quality data collection. Whether your organization is facing challenges like low data quality intake, obsolete data collection forms, or time-consuming manual financial data procedures, SQL Power automates and simplifies every aspect of data collection, ensuring that only complete, consistent and accurate data are ever submitted to the regulator.
In a matter of weeks, SQL Power will replicate existing financial returns in our online Forms facility, make all required changes to meet current standards, add any missing validation rules and roll them out to your regulated entities. Effectively launching a system-wide standard and an automated web-forms based reporting platform that virtually eliminates the need for manual reviews, rejections and resubmissions.
Within seconds of an industry submission of a financial report, the system quickly assesses its adherence to predefined acceptable thresholds for key risk metrics and highlights any weak submissions by colour-coding them with a red, yellow or green indicator - thus prioritizing scarce analyst resources’ work and focusing them on likely problematic submissions.
Complete & Consistent Data Collection
SQL Power's interactive online form facility is embedded with business rules, assertions, and formulas that appear as values are filled in by the regulated entity. It highlights validation rules and warnings to minimize calculation errors or missing information in real-time as an industry user enters information ensuring that only complete, consistent, and accurate data is ever submitted to the regulator.
Within seconds of an industry submission of a financial report, the system quickly assesses its adherence to predefined acceptable thresholds for key risk metrics and highlights any weak submissions by colour-coding them with a red, yellow, or green indicator - thus prioritizing scarce analyst resources’ work and focusing them on likely problematic submissions.
Adopt the Most Comprehensive and Dynamic Business Rule Driven Data Collection Solution on the Market
Experience end-to-end automation of all financial data collection functions
Protect Data with a Secure Online Submission Portal
Improve efficiency by collecting information through an easy-access web portal. Gather complete and consistent data with cell-by-cell validation capabilities anytime, from anywhere.
Automatically Generate Pre-Inspection Forms & Final Inspection Reports
Collect and store reports and associated attachments in a dedicated document management system. Generate final inspection reports with findings and recommendations. Circulate final inspection reports for final reviews and acknowledgments.
Reduce Manual Intervention with Automated End-to-End Workflows
Replicate your existing business process workflows. Establish multi-step approval processes and easily circulate to the necessary departments. Automatically generate certificates as proof of registration for the applicant.
Improve Efficiency with Built-in Electronic Signature & Payment Collection
Store original electronic signatures in a secure eVault. Collect payments for fines, infractions, or penalties via an integrated payment portal.
Gain Important Insights with In-Depth Reporting & Analytics
Gain insight to make smart decisions, identify bottlenecks, and discover opportunities for process optimization.
Centralize Information with a 360-Degree Organizational View
Access all information including licenses, senior staff, shareholders, related organizations, communications, and payment history. Information is automatically updated from submissions from the entity organization.
SQL Power’s Data Collection module is designed to easily integrate with existing core CRM and governance systems, leveraging existing data and technology investment for seamless integration. Our solution can be configured to easily evolve with global onsite inspection standards and guidelines thus future-proofing your organization. Finally, our experienced team of engineers will work within your business scale to ensure that our implementation is smooth and functionally sound.
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