ESEF Reporting compliant with KNF
Plug&Play - no implementation costs
xHTML - visually perfect

DESKTOP OR INTEGRATED

SOLUTION

TAGGING OF ALL

DOCUMENT TYPES

INSTANT TAGGING WITHOUT

IMPLEMENTATION PROJECT

READY-TO-PRINT LAYOUT FOR

DIRECT ESEF REPORTING

What do the new ESMA guidelines mean for my company?

As of 2020, the European Securities Markets and Authority (ESMA) requires all issuers on EU regulated markets to prepare annual reports in the Inline XBRL (iXBRL) format. Inline XBRL is an XBRL embedded in HTML, which means HTML annual reports are also mandatory. These ESEF reportings can be viewed with any web browser.

XBRL Tagger – ESEF Plug & Play without implementation project

With our easy-to-use XBRL certified software, you can create ESEF-compliant reporting in no time. Even without an implementation project and IT knowledge, you can immediately begin tagging your annual reports. The stand-alone XBRL tagger can recognize any data format and process all taxonomies. You can easily map IFRS taxonomy items to the corresponding financial statement numbers.

Convert any MS Word, PDF, HTML, or InDesign document to support the fast and easy operation of the stand-alone XBRL tagger. Once the mapping is done, all tags can be rolled forward to the new ESEF report in the following year.

Alternatively, the XBRL tagger is available as an integrated process solution within our disclosure management software SmartNotes. In addition to XBRL tagging, SmartNotes supports the complete end-to-end process from data imported from the consolidation system to the ready-to-print layout. Further information can be found here.

“Bolt-on” solution: generate (i)XBRL reports from Word, Excel, PDF and InDesign with the XBRL Tagger

Stand-alone-solution

PDF / Word / InDesign tagging

Plug & Play

All taxonomies and languages

Auto-tagging and mapping by smart AI

Corporate design compatible export

Disclosure Management SmartNotes:
End-to-end process to the annual report

Our Disclosure Management increases the efficiency in the preparation of annual reports and iXBRL reports and helps you to implement a valid ESEF reporting. Through the integration of the XBRL tagger, SmartNotes is available as a “built-in” version. In addition to XBRL tagging, SmartNotes supports the complete end-to-end process from data imported from the consolidation system, to the ready-to-print layout.

At the same time, our ESEF reporting software offers a variety of additional functions to support the professional work of your employees and to eliminate non-value-adding activities. For example, changes to a data import lead to an update of affected contents, in the tables, in the continuous text and in all language variants of your annual reports.

With our built-in role concept and full audit trail, we offer you revision security and also respond to your individual requirements. In addition, imported values, rounding adjustments, created taggings and texts are retained for the next report. In addition to ESEF, you can choose from a variety of other output formats, such as print-ready Word, PDF, Excel, InDesign, XBRL or iXBRL.

XBRL “built in”: workflow-controlled data flow with SmartNotes – fast creation of ESEF annual reports in iXBRL

END-TO-END

PROCESS

WITH

SMARTNOTES

FLEXIBLE INTERFACES

IN

SMARTNOTES

READY-TO-PRINT

LAYOUT FOR

DIRECT ESEF

REPORTING

INTEGRATED XBRL

PROCESSOR

IN OUR ESEF

SOFTWARE

SIMILAR REPORTS

DIRECTLY IN THE

DISCLOSURE

MANAGEMENT

FULL AUDIT
TRAIL OF

TAGGING

ITEMS

AUTHORIZATION

CONCEPT

AND

MULTI­LINGUALISM

MANAGEMENT

OF

REPORTED

NUMBERS

AMANA software for your ESEF annual report

Regardless of which document format you have and whether it has a “built-in” or stand-alone “bolt-on” version: our integrated XBRL certified software guarantees a valid ESEF annual report in the iXBRL format.

The stand-alone XBRL tagger can recognize any data format and process all taxonomies; no implementation project or installation is necessary. Additionally, the XBRL tagger is integrated in our Disclosure Management SmartNotes. In addition to tagging, SmartNotes provides a complete end-to-end process from the first data imported from the consolidation system to the ready-to-print layout for publication.

XBRL Tagger

Smart Notes

Desktop

Client/Server

Number of concurrent users working on one report

1

∞

XBRL Function­alities

Certified (i)XBRL processor

X

X

Taxonomy extensions

X

X

Microsoft Word tagging

X

X

PDF | HTML | InDesign tagging

X

X

AI supported auto tagger

X

X

Webpage-Ready-Export

X

X

XBRL tagging roll-forward

X

X

Disclosure Manage­ment Function­alities

Support for multi­lingual reports including number formatting

X

X

Integrated disclosure checklist

X

X

Content manage­ment based on Microsoft Office

X

X

Report roll-forward (numbers, manual adjust­ments, notes & comments)

X

X

Different types of output documents (e.g. Word, Excel, PowerPoint, HTML, iXBRL, XBRL, InDesign, etc.)

X

X

Linking & automatic update of values from data sources ( e.g. SAP, HFM, LucaNet, etc.)

X

X

Individual workflow system

X

X

„Layout Robot“ for the automated production of glossy and ready-to-print reports

X

X

Detailed authorisation system and full audit trail

X

X

Compare XBRL Tagger and SmartNotes – find the right solution for your company.

Check and validate ESEF and iXBRL reports with the AMANA XBRL Auditor

The new ESEF regulation mandates listed companies to publish their annual financial reports in iXBRL digital format. In many EU countries, the ESEF reports also have to be audited or reviewed.

The main challenge of auditing iXBRL reports is the technical validation, checking of tags selected by the report creator and the comparison of the traditional format (PDF) with the new iXBRL format. Auditing iXBRL reports requires new knowledge for auditors and can only be done with a proper certified XBRL software.

The AMANA XBRL Auditor was developed on the basis of our many years of experience from hundreds of XBRL projects with a clear focus on the review and audit of iXBRL reports according to the ESEF regulation.

The AMANA XBRL Auditor supports you by:

  • automizing the technical validation in accordance with the ESMA Validation rules
  • checks for integrity of the machine readable and human readable document
  • supports the documentation with checklists
  • version control, by comparing and tracking changes from one version to the other
  • client communication with comments
  • four eyes and review function

The generic approach allows the auditor to load any iXBRL report, no matter which tool was used to create the report. Immediately, the machine-readable dataset is validated and displayed and can be compared to the “human-readable” XHTML. The compliance check of the report as described by the ESEF Reporting Manual as well as the regulation itself can be performed and confirmed with a single click without any technical or XBRL knowledge.

This allows auditors to focus on what’s important: The checking of the actual XBRL tags and line items, anchoring and calculation link base, which requires traditional IFRS knowledge. The tagging of the main financial statements can be checked or commented on a line-by-line basis from one version to the other.

The integrated checklist allows the complete audit to be performed, commented and documented (using file attachments) by multiple users at the same time.

An automatic and intelligent change detection for new versions of the report ESEF report as well as an XHTML and iXBRL comparison allows to quickly compare changed reports of clients without having to repeat already checked items.

A comprehensive Excel report with all validation results, the taxonomy, the machine-readable data set in multiple views as well as the documented check steps and comments can be extracted.

COMPLETE AND CERTIFIED ESEF AND IXBRL VALIDATION

CHECKLIST WITH DOCUMENT­ATION AND COMMENTS

VIEWER FOR REPORT & TAGS, TAXONOMY EXTENSION

VIEW IXBRL REPORTS IN READ-ONLY MODE

EXPORT OF THE AUDIT REPORT TO EXCEL AND WORD

COMPRE­HENSIVE

EXCEL REPORT

HOTLINE FOR VALIDATION ERRORS AND EDGE CASES

INTELLIGENT

CHANGE DETECTION

AMANA XBRL Auditor Functionalities

Application Type

Application Type

Plug & Play on-premise installer for Windows Desktop, no IT or Server required

…

API available for automation purposes

…

Report Loading

…

Open ZIP report packages, including taxonomy extensions

…

Open iXBRL/XHTML reports

…

Open XBRL files

…

Open any taxonomy

…

Preload ESEF taxonomy

Validations

Validations

Certified validators by XBRL International:

…

Core (XBRL 2.1 & Dimensions 1.0)

…

Inline XBRL 1.1

…

Table Linkbase 1.0

…

Extensible Enumerations 1.0 & 2.0

…

Formula 1.0

…

Unit Registry

…

ESEF Reporting Manual and RTS Validations (ESMA Conformance Suite passed)

…

Custom validation rules and check list items

Review Functionality

Review Functionality

Versioning of ESEF report version sent by clients

…

XBRL comparer to show differences of tagging between two reports

…

Full document XHTML comparer to visualize differences in track-changes mode (similar to MS Word)

…

XBRL Data View based on extension taxonomy including Presentation, Calculation & Definition

…

XBRL Table View for dimensional table (Statement of Changes in Equity)

…

iXBRL Viewer to show tags in the XHTML document

…

Validation results displayed on fact level

…

Hidden fact viewer

…

Reporting entity identity check

Audit Checklist & Workflow

Audit Checklist & Workflow

Audit standard (PS410) based checklist with automatic, semi-auto and manual items

…

Documentation of audit checks with comments and file attachments for each check list item

…

Status-based workflow for each step, including audit trail (who/when)

…

4-eyes principle confirmation by different user

…

Tick & tie each and every line item / fact

…

Roll-forward of checklist items and audit results, in new report versions only changed facts have to be reviewed

…

Automatic change detection and checksum calculation on files

…

AI supported tagging peer-group comparison (coming 2021)

…

Export

Export

Excel export for XBRL Data View and Table view, including Presentation, Calculation and Definition linkbase

…

Excel report with table views for dimensional tables

…

Full audit checklist export including comments, timestamps, etc.

…

Customizable Auditors opinion export to Word

…

Validation result report Excel export mode (similar to MS Word)

…

Calculation & Definition each check list item only changed facts have to be reviewed again

…

Calculation and Definition linkbase

ESEF Reporting as a Service - Outsourcing ESEF

source: https://www.knf.gov.pl/knf/pl/komponenty/img/QA_on_ESEF_wersja_polska_67001.pdf (translation)

Will the costs related to the preparation of reports increase?

The implementation of a new structured reporting format, especially in the area of tagging consolidated financial statements in line with IFRS using the iXBRL specification, may initially entail a low cost for companies. The costs will largely depend on whether the company chooses to prepare its annual financial reports using the iXBRL standard in-house or whether to outsource it:

  • In the case of self-reporting, it is estimated (2) that the implementation costs per company related to the preparation of the first annual report in the new format would amount to approximately EUR 8,200 on average, and the costs related to the preparation of subsequent annual reports would amount to approximately EUR 2,400 EUR;
  • In the case of outsourcing, the costs related to the preparation of the first annual report in the new format per company would amount to approximately EUR 13,000 on average, and the costs related to the preparation of subsequent annual reports would amount to approximately EUR 4,600.

 

In any case, initial costs will decrease significantly after the first reporting year (3). The creation of special software is to help companies to standardize and automate the process of preparing annual financial reports in accordance with the ESEF format.

(2) ESMA —Feedback Statement on the Consultation Paper on the Regulatory Technical Standard on the European Single Electronic Format (ESEF), 21 December 2016. 
(3) As stated by ESMA, but also as shown by the results of the AICPA study on reporting costs using XBRL.

Selection of Plans

The offer covers the scope of ESEF reporting for reports for 2020 and 2021 (tagged annual consolidated report without notes and other reports and documents in xhtml format without tagging).

Basic Plan

  • unit report conversion to xHTML format
  • converting additional reports / documents to xHTML format
  • guarantee of visual compliance
  • validation of reports
  • customer support
  • performance of the service about 1h
EUR1000

year / net

Standard Plan

  • Basic Plan +
  • tagging the consolidated report based on the client’s mapping
  • generating ESEF report (.zip package)
  • validation of the ESEF report
  • InlineViewer report to be placed on the website
  • support in auditing the report
  • performance of the service 1-2 business days
EUR2500

year / net

Pakiet Premium

  • Standard Plan +
  • preparation of a map of tags dedicated to the client’s report
  • support during the audit of the report
EUR5000

year / net

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