ESEF Plug & Play
What does 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 report are also mandatory. These ESEF reportings can be viewed with any web browser.
Listed companies are required to enhance their annual reports with machine-readable information within the XBRL standard. Our user-friendly solution involves applying these complex technical standards using our XBRL Tagger and our SmartNotes Disclosure Management Solution. Additionally, the automatic tagging of "accounts" from the IFRS standard, importing, updating figures from source systems and numerous validations enable you to fully meet the wide-ranging ESEF requirements and save precious time.
ESEF reporting requirements
- All listed companies must report in XHTML format for the fiscal year 2020.
- IFRS financial statements must be reported with the IFRS taxonomy in iXBRL format.
- From 2020 on, the "main financial statements" must be tagged.
- From 2022 on, the notes must contain a "text block" tag.
- The “entity specific disclosures” must be reported through a taxonomy extension.
- Anchoring: taxonomy extensions are allowed if no IFRS item is available in the ESEF taxonomy. The "company's own tag" must be anchored in the IFRS taxonomy.
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.
- 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.
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.
|Number of concurrent users working on one report||1||∞|
|Certified (i)XBRL processor||x||x|
|Microsoft Word tagging||x||x|
|PDF | HTML | InDesign tagging||x|
|AI supported auto tagger||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|
|Report roll-forward (numbers, manual adjustments, notes & comments)||x|
|Different types of output documents (e.g. Word, Excel, PowerPoint, HTML, iXBRL, XBRL, InDesign, etc.)||x|
|Linking & automatic update of values from data sources ( e.g. SAP, HFM, LucaNet, etc.)||x|
|Individual workflow system||x|
|„Layout Robot“ for the automated production of glossy and ready-to-print reports||x|
|Detailed authorisation system and full audit trail||x|
Compare XBRL tagger and SmartNotes – find the right solution for your company.
Our client projects
“Arkk use AMANA's software to provide an outsourced iXBRL tagging service. The software is easy to use and intuitive for both the user and the reviewer. The team at AMANA have been very responsive with incorporating feedback into the software and have been great to work with. We have received some super feedback on the iXBRL output from a number of our clients, especially around the ease of review.”
“We have successfully integrated AMANA's XBRL Tagger, a certified XBRL solution, into CtrlPrint to enable our corporate users to make their financial reports ESEF-ready in a fast and effective way. In our tagging sessions in December 2019, 30 listed companies were able, to a very large extent, tag previous year's annual report and create iXBRL reports as a perfect basis for the 2020 report, fulfilling ESMA requirements. Our users, who in general are not familiar with XBRL, were impressed by the easy-to-use functionality of AMANA's XBRL Tagger and the way it played down ESEF/XBRL to something more familiar. We are convinced that it is a perfect addition to our report collaboration tool.”