Loom Reporting

LOOM is a cutting-edge solution designed to simplify financial management and reporting for EU-funded projects.It eliminates the need for complex spreadsheets and manual data entry helping project teams save time, reduce errors, and stay fully compliant with EU requirements. With LOOM, financial reporting becomes faster, easier, and more reliable.

Designed for Coordinators and Partners, LOOM enables seamless collaborationt hrough a centralised reporting environment.Coordinators can easily track, review, and validate submissions, while partners benefit from a user-friendly interface that simplifies costentry and ensures Horizon Europe compliance.

Smart Interim Reports

Automated summaries and graphs ready to

Actual effort per WP
PMs consumption per partner per WP
Costs reported in period
Use of resources and deviations
PM rate deviations

Simple and Concise Forms

LOOM’s forms are simple, intuitive, and EU-compliant by design.

Insightful Overview Tables

Structured snapshots of project finances reflecting the data required in the EU Portal.

Financial Reporting

Quickly report eligible costs with LOOM’s intuitive, EU-compliant interface—fully aligned with Horizon Europe for seamless submissions and approvals.

Effortless Collaboration

Partners report costs online with less admin and greater accuracy, aided by automated reminders and alerts.

Custom Reporting Period

LOOM adapts to your project’s reporting cycles, offering full customization to match Coordinator needs and simplify cost monitoring.

Customizable Deviation Threshold

Adjust Deviation thresholds (for Effort, PM Rate, Personnel Costs, Travel Costs, Other, etc….) for each of your EU Projects

Secure & Confidential

All financial data is securely stored and processed following data protection best practices. LOOM uses role-based access to ensure confidentiality—Coordinators see all submissions, while Partners access only their own.

Instant Calculations

LOOM auto-calculates budgets, resources, and summaries in real time—ensuring accurate, consistent, and compliant reporting.

Built-in validation checks & approvals

Automated checks and approval requests help users catch and avoid errors with ease.

Targeted Justifications

Automatically requests justifications when costs or PMs exceed set targets.

STEP 01

Set Deviation

thresholds for your

project

STEP 02

Beneficiaries report

PMs and Personnel

Costs

STEP 03

Loom calculates and

applies the Deviation

thresholds

STEP 04

Deviating? Beneficiaries

are asked to provide

Justifications

Personnel Effort

Actual effort per WP

Track actual effort per Work Package with precision. LOOM provides user-friendly tables for reporting person-months (PMs) and generates visual overviews to help coordinators and partners monitor progress against planned effort. The built-in structure ensures consistency with EU reporting standards.

Costs reported in period

Visualise reported costs at a glance. LOOM compiles cost data submitted by partners into clear, easy-to-read graphs, offering coordinators immediate insight into budget consumption during each reporting period.

Use of resources and deviations

LOOM helps you stay on top of resource use and spot deviations early. Built-in forms and summary tables highlight discrepancies between reported and planned figures, prompting users to provide justifications where needed – ensuring transparency and readiness for reviews.