Shortly before the end of the year, the European Securities and Markets Authority (ESMA) published the new ESEF taxonomy. The taxonomy is used for the publication of IFRS annual reports in iXBRL and XHTML format, which is mandatory as of 01 January 2020.
The new taxonomy can be used immediately in the generic and certified AMANA XBRL Tagger.
Through the partnership AMANA hopes to penetrate the Italian market with the help of B&B Soft. The networking in the Southern European market as well as the long experience with XBRL systems makes B&B Soft one of our strongest partners. In addition, the Italian IT consulting company has a high level of expertise in the integration and automation of financial data and annual financial statements.
The Cooperation with AMANA and access to its quality solutions will enable us to deliver additional services to our clients in the Baltics, automating the consolidation process and creating XBRL financial reports. The current cooperation focuses on the ESEF and iXBRL solutions, the XBRL Tagger and the disclosure management system SmartNotes.
AMANA has established a new strategic partnership with the Bulgarian Balkan Services. As a result of the cooperation, our two solutions, the disclosure Management SmartNotes and XBRL Tagger, will be included in the Balkan Services portfolio and offered on the Bulgarian market.
The Swedish software reseller and consulting company for financial performance management Addedo and the software developer AMANA, based in Essen, have agreed on a sustainable cooperation. Addedo distributes our ESEF solutions, the XBRL Tagger and the Disclosure Management SmartNotes, in Scandinavia.