End-to-End-Process to the ESEF annual report
The leading editorial system SmartNotes increases efficiency in the creation of annual reports as well as iXBRL reports and helps you to easily implement the current ESEF requirements.
End-to-end process in one software solution: You work with SmartNotes from the first data import to the input of corrections to the publication of the annual report in a print-ready layout without media discontinuity. The simple handling with the well-known Microsoft Office products, the clear menu navigation as well as the automated execution of manual work steps guarantee you a fast and efficient creation of business reports of any kind. Thanks to the publication-ready layout, you minimise not only costs but also strenuous communications with the agency.
SmartNotes im Detail
From the initial data import, through subsequent correction updates, to be finished print-ready annual report - a solution that meets all requirements.
Our Disclosure Management SmartNotes allows you to import figures from all common consolidation and ERP systems, including SAP, LucaNet, HFM, Cognos and many more. Any charts, diagrams and even individual figures contained in the text are automatically filled in.
Whenever data is imported, our Disclosure Management displays a list of any chapters containing modified values. This allows the user to see at a glance which parts of the report require manual revision. Validation rules can be adjusted according to context and any data inconsistencies are then highlighted on the dashboard.
Thanks to the integrated roles and authorizations function, access to the various report components can be authorized on a person-by-person basis. From SMBs to global corporations, SmartNotes caters for customers of all sizes.
Using the "factory" functions you can transfer content from master to sub-documents and re-use identical text blocks for efficiency. For example, separate financial statements or risk reports can be produced in an assembly line fashion.
Our generic and certified AMANA XBRL Engine supports the editing of any number of taxonomies. SmartNotes not only ensures that your reports comply with the new European Single Electronic Format (ESEF) regulations, but also helps you to prepare your SEC filings and any other local GAAP reports in XBRL Format (e.g. UK GAAP) with ease.
With the automatic historization of the contents, our Disclosure Management SmartNotes contains a full audit trail and offers auditability. Individual requirements can be integrated, e.g. via freely definable workflows.
The integrated Layout Robot produces a high-resolution layout within the system. Your reports can be printed straight out of SmartNotes without having to rely on a graphic to put it into InDesign for you.
Overview of the benefits that AMANA and SmartNotes can deliver four your business:
Annual reports in 2021 - comply with ESEF and iXBRL using SmartNotes
The new European Single Electronic Format (ESEF) directive requires that all listed companies and issuers subject to IFRS standards from 2020, prepare their annual reports in iXBRL (Inline XBRL) and XHTML format. SmartNotes is equipped with our XBRL-certified software and supports all XBRL and IFRS taxonomies, making it a fast and reliable ESEF tool for accurate and compliant reporting.
Download a free trial (from Version 7.4 onwards) and discover for SmartNotes broad functionality and efficiency in compliance with ESEF requirements.
Benefits with our Disclosure Management Software
External agency costs are considerably reduced through the creation of print-ready reports.
With SmartNotes, a high level of data consistency is achieved within a report or between different report languages. The central user interface provides a single point of truth, so that all contents are centrally available to all employees.
An automated execution of manual activities by SmartNotes. This includes, for example, data consistency between tables, continuous texts and other report languages or the roll-forward functionality.
Reduce coordination between your departments with our Disclosure Management. Internally, a single point of truth approach supports you and externally, the possibility to produce reports and presentations ready for printing. In addition, you simply create (partial) documents and automatically compare report versions. The precise tracking of changes after a data import and a variety of evaluations for the most important report information also support the process.
Reporting is done in the familiar Microsoft Office products, which reduces the amount of training required to use SmartNotes.
The AMANA XBRL engine integrated with SmartNotes enables you to create consistent XBRL, iXBRL, and ESEF reports.
Webinars of ESEF and our Disclosure Management SmartNotes
"We use SmartNotes to compile four independent annual reports, one group report, and three segment reports. From the point of view of communication and procedures, it was crucial for us that the reports, created with Word, were fully ready for printing. SmartNotes fulfills this task skillfully. In particular, we benefit from automation advantages, especially in the financial reporting sector. In addition, from the outset we now have only print-ready reports in our internal process, which is very helpful and efficient for corrections or content coordination."
BLG LOGISTICS GROUP AG & CO. KG
"By implementing SmartNotes in our processes, we were able to automate the creation of our annual reports, our ESEF reporting and other internal and external reports. This has not only enabled us to save capacity in the long term, but also to reduce the length of the creation process and the paper-based correction loops to a minimum. Above all, the efficient number management as well as the creation of finished PDF reports have reduced the reconciliation processes in our company. In addition, the SmartNotes project and support team was always there to help us with any questions."
"We implemented SmartNotes for our financial and production reporting and have reached a high level of automation in our work process. The excellent functionalities for numbers as well as the design implementation within SmartNotes has made the reporting process both more efficient and completely transparent. The SmartNotes project team supported us competently and professionally throughout the entire implementation period."
"SmartNotes significantly facilitates Idorsia’s Financial Reporting process and was particularly helpful in the IPO (Initial Public Offering) process and for the first financial reporting a few weeks after the demerger. Using the strong collaboration and review capabilities, and how layout changes can be easily implemented, SmartNotes allows to focus on quality and consistency.“
"We are using SmartNotes for two reports on a quarterly/semiannual basis. SmartNotes has a highly sophisticated functionality for financial reports and helps us to concentrate on content while automating numbers in tables in text. The roll-forward functionality is also very helpful and allows us to produce the first versions of the next period reports in just couple of minutes. Although we are not a public company, with no requirement to publish our financial statements, we nevertheless use the Layout Robot feature to prepare internal reports with professional layouts for our main stakeholders (shareholders and banks)."