CoverProof
Comparison

Section 250 via Spreadsheet vs Dedicated Software

Why the approach you choose determines whether your evidence pack is designed for business-record admissibility.

Many compliance teams default to spreadsheets for one-off tasks. Section 250 is not a one-off task — it has ongoing declaration tracking, hash-verifiable audit trails, and a legal standard of evidence that a spreadsheet cannot meet. This comparison covers every criterion that matters when your FCA investigation is underway and a regulator asks to see your evidence.

Bottom line

A spreadsheet approach cannot produce the evidence trail required for business-record admissibility. Section 250 requires evidence that meets a legal standard — immutable audit trail, signed documentation, and a traceable chain from gap analysis to declaration completion. A spreadsheet can track names and dates, but it cannot meet the evidentiary standard the legislation implies. If you face an FCA investigation, a spreadsheet export is not what you want to hand over.

Criterion

The alternative

CoverProof

Audit trail immutability

None — cells can be edited without trace

Cryptographically signed, timestamped, immutable

Business-record admissibility (CEA 1995 s.8–9)

No documented evidence standard

PDF/A-3B compliant with SHA-256 document hash — designed for business-record admissibility

Declaration delivery

Manual email — no delivery tracking

Zero-login declaration link, delivery confirmed

RAG status tracking

Manual colour-coding — error prone

Real-time RAG status, expiry alerts automated

AI-powered gap analysis

Manual comparison of two lists

AI classifies each individual against Section 250 criteria

FCA register cross-reference

Requires manual download and VLOOKUP

Direct FCA Register cross-reference built in

Speed of initial analysis

Hours to days

Under 10 minutes

Cost (initial setup)

Free (but your time is not)

Free first gap analysis, then from £299/month

Risk of error

High — human error in every step

Low — AI classification with human review

Board evidence pack generation

Manual assembly — not standardised

Auto-generated, compliant, downloadable

Verdict

A spreadsheet approach cannot produce the evidence trail required for business-record admissibility.

Section 250 requires evidence that meets a legal standard — immutable audit trail, signed documentation, and a traceable chain from gap analysis to declaration completion. A spreadsheet can track names and dates, but it cannot meet the evidentiary standard the legislation implies. If you face an FCA investigation, a spreadsheet export is not what you want to hand over.

Build the evidence trail that actually holds up.

CoverProof generates PDF/A-3B evidence packs (designed for business-record admissibility) automatically. Every declaration timestamped, every analysis preserved, every counterparty request documented. First gap analysis is free.

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