ESEF Plug & Play with the AMANA XBRL Tagger
With our stand-alone solution, you can easily tag your annual report without an implementation project and without IT knowledge. As a result, you can create an ESEF- and iXBRL-compliant annual report in no time!
The conversion of any MS Word, PDF, HTML or InDesign documents, the processing of all taxonomies as well as the focus on user-friendly handling shortens the time needed to create the annual report enormously. In addition, once you have created a mapping, you can carry it over into the following year, which saves you time in the long term.
Due to the new ESEF regulation, the full note of financial reports ending after 01.01.2022 must be provided with text block elements. Our XBRL Tagger can implement comfortable text block tagging in Word as well as in PDF.
ESEF text block tagging
Advantages with the ESEF XBRL Tagger
- Time saving through instant tagging without implementation project
- Reduce time with auto-tagging and mapping
- Experience from projects with more than 500 customers
- Save costs: Corporate design compatible export
- Consistent reports thanks to processing of all taxonomies and consistency check
- User-friendly handling and tagging
XBRL Tagger as a stand-alone ESEF solution
Features of the XBRL Tagger:
- ESEF and iXBRL compliant reporting
- Certified XBRL reporting software with full XBRL validation
- Processing of all taxonomies and languages
- Processing of any data format - MS Word, PDF, HTML or InDesign documents
- Transfer of the created mapping into the following year
- Smart AI with automatic mapping
- Automatic creation of multilingual reports
- Extension with "anchoring" at the touch of a button
- Integrated disclosure checklist and ESEF consistency check
The XBRL Tagger as an
integrated process solution in Disclosure Management SmartNotes
With our easy-to-use AMANA XBRL Tagger, you can create ESEF-compliant reporting in no time. Learn more about ESEF and the AMANA XBRL Tagger in our whitepaper.
The new challenge is the so-called text block tagging of the annex, which can also have a significant impact on the reporting process. In our whitepaper on text block tagging, you will find all the information you need to ensure that the ESEF business report preparation process runs smoothly.
In our last blog post you will find important information about the benefits, challenges and solutions of text block tagging in Word and PDF documents.
Find out more about the features and benefits of the AMANA XBRL Tagger in one of our live webinars.
ESEF text block tagging - Lessons Learned
According to the new ESEF Regulation, the tagging scope for the preparation of ESEF annual reports ending after 01.01.2022 has been significantly increased. The full notes to the financial statements have to be tagged with text block taggings, additionally to the main financial statements, which is a new challenge for preparers and audit firms.
In our webinar, the experiences from the first year of ESEF implementation will be presented, especially regarding text block tagging. In addition to the technical requirements, we will also discuss practical examples of our intelligent software solution SmartNotes.
Referents: Paul Beckmann and Catalina Ibanez
How to create an ESEF reporting in no time - Plug & Play with the AMANA XBRL Tagger
In our webinar, we will present our solution outlining the simple handling of report production and the automated tagging support feature based on artificial intelligence (AI) developed by AMANA, which significantly simplifies the creation of ESEF reports.
Referents: Nina Schüller and Janis Steinmann
ESG Reporting with AMANA: Automated Data Flow and integrated XBRL Tagging
The current European Sustainability Reporting Standard (ESRS) exposure draft, as published by EFRAG defines 178 sector-agnostic disclosure requirements, sector specific disclosure requirements are not yet defined. Those disclosure requirements describe hundreds of single data points and narrative disclosures that must be reported in a human-readable report, as well as in a digital and machine-readable format.
It includes data points on water and energy consumption, Greenhouse Gas emissions, pollution, biodiversity as well as many social aspects like disclosures on workforce. Policies, targets, and specific action plans will have to be reported in order to see how companies are going to face the challenges of a changing world and climate change.
In our webinar, we are going to summarize the challenges regarding the actual reporting and publication process, which includes:
• How to calculate, collect and consolidate the required data points by using solutions from AMANA partners.
• Using disclosure management software to be able to work collaboratively on the sustainability statements.
• Automate the data flow from various sources into management reports in order to eliminate manual and error-prone process as well as to optimize the last-mile reporting process.
• Options how to handle formatting and the production of glossy and ready-to-print reports in Word or InDesign as well as online reports.
• Digital tagging of sustainability and financial statements with the ESRS or ISSB XBRL taxonomy.
• Auditing and publication of the final report.
Referents: Richard Bössen and Philipp Stampfuß
XHTML Table Tags – How to fulfill the auditors requirement of having table tags in PDF-based documents
In some countries auditors require that tables in ESEF reports have to be marked up as XHTML table tags, meaning that that each row and column of a table that is part of a text block tagging in the attachment is explicitly tagged with an XHTML element.
For PDF based reports this is a challenge because of their print-centric layout. It would in fact require companies to base their report for example on Word and thereby lose critical layout capabilities.
AMANA did however, find a solution to this challenge which enables you to keep working with PDF files as a source for your ESEF report while at the same time fulfilling the auditors requirements about XHTML table tags.
In our webinar, we will talk in more detail about this requirement and show you how you can use the XBRL Tagger to create a report that both looks the way you want and still satisfies your auditor.
Referents: Janis Steinmann
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.