Features of the AMANA XBRL portal:
- Generation of XBRL instances based on current and historical taxonomies
- AMANA certified engine ensures compliance with official XBRL standards and support for new taxonomies without additional effort
- Tracking every change with the full audit trail
- Creation of own "Custom Validation Rules" in pre-quality-checks
- Direct visualization in the Excel template
- Data input from Excel-like web editor or upload of filled visualizations
- Upload from existing XBRL instances
- Convenient message forwarding of XBRL messages to BaFin
- Data import from numerous sources - SimCorp Dimension, SAP BW, Excel, CSV, LucaNet, etc.
- Compliance with the Filename Conventions required by EBA/EIOPA
- Flexible taxonomy management - easy adding of taxonomies via the AMANA taxonomy cache
- Flexible user management with differentiated role allocation
- Automatic export to associated SQL Server databases
- Multi-User-Mode - parallel processing of an XBRL message
- Complete mapping of the internal workflow
- Differentiated entity management
Create Single Resolution Board reports with the XBRL Portal
The German Financial Supervisory Authority (BaFin) as the National Resolution Authority (NAB) in 2021 has committed exclusively to XBRL as the format for receiving the required information according to the EBA reporting forms.
With our XBRL portal, you can easily create any type of XBRL report and thus also the reporting requirements of resolution planning. The AMANA XBRL Engine, which is certified by XBRL International, ensures that all generated XBRL reports comply with the current XBRL standard and always meet the validation rules required by BaFin.
Use our XBRL portal to enter the data directly "at the source".
The integrated live validation saves valuable time and enables a speedy submission and completion of the process. Any queries to the authority are thus avoided in advance.
AMANA Conference 2023
To ensure that all our customers are well informed about product innovations, current regulations and future trends, we are offering an online conference with presentations in German and English on 10 & 11 May 23.
XBRL Portal
The diverse functions of our portal include the creation and management, visualisation and analysis of XBRL reports.
Single Resolution Board
SRB reports will only be accepted in XBRL format from 30.06.2021. More information on the change and the implementation can be found in our blog.
XBRL Webinars
Get more information on the features and benefits of the XBRL Tagger and XBRL Auditor in one of our live webinars.
ESEF Webinars
How to get ready for auditing the upcoming ESEF season
The 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.
In the webinar we explain how the XBRL Auditor can be used to face this challenge, and which new features have been implemented in the latest version to make the auditing process a lot easier.
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. Moreover, our software is already successfully used by numerous audit firms including Big Four firms. In our webinar, we will show you the features and benefits of the XBRL Auditor when auditing ESEF reports, as well as our experiences from the first years of ESEF.
Referent: Paul Beckmann, Holger Hinzberg
XBRL Basics
XBRL is the de facto standard for digital, structured, financial reporting. Whether it's ESEF, ESG, FINREP or investment firms, many companies use XBRL in one form or another because they have to. But why do we actually do it? In this talk, let's start from the beginning and explain the basics of XBRL, why this format is used and what the benefits are for everyone involved and where it is headed in the future.
Referent: Nomsa Chirwa and Sebastiano Mussi
XBRL Table Tagging
In the dynamic world of global finance, eXtensible Business Reporting Language (XBRL) has become an essential tool for the business community. XBRL provides a standardized method for tagging tables in financial statements, enhancing clarity, accessibility, and efficiency. Adhering to the European Single Electronic Format (ESEF) is not just a compliance requirement but a strategic move that promotes automation in financial reporting, minimizes errors, and allows for effective communication across various platforms.
In this webinar, you will learn:
1. How to use our XBRL Tagger to Tag Tables in Financial Statements into XBRL:
o A comprehensive demonstration of how our innovative solution facilitates the tagging of tables in financial statements into XBRL.
o Insight into our intuitive interface, designed for both novice and experienced users.
2. ]The Basic Tools That Make Tagging Tables Easier:
o ]Introduction to the essential tools within our solution that simplify the process of tagging tables in financial statements.
o Practical examples to highlight how these tools can be employed for swift and precise tagging.
Why Attend This Webinar?
Join our experts as they explore the world of XBRL tagging of tables in financial statements and reveal the capabilities of our specialized solutions. This webinar will provide you with the knowledge, tools, and techniques needed to excel in modern financial reporting.
Learn how to leverage XBRL and utilize our advanced technologies to meet ESEF's stringent demands. Register today to embark on a path toward more robust, compliant, and streamlined financial communication.
XBRL Text Block Tagging
In this webinar, we will explore the intricacies of Text block tagging, both for Word and PDF documents. What are the advantages and disadvantages of one source file over the other? How do I create content controls? How do I tag XHTML Table tags in PDF documents? These topics and more will be covered in our webinar. At the end of the session, there will also be time for Q&A and for further clarifications.
Referent: Nomsa Chirwa and Sebastiano Mussi
Success stories
FMA
The Financial Market Authority Liechtenstein collaborates with AMANA for many years. For us, AMANA is first and foremost an XBRL specialist with in-depth XBRL expertise and a global reach. This expertise, which is based on many years of XBRL experience, was crucial for us and the key factor for project success. Furthermore, AMANA is continuing to support us in projects implementing multiple requirements from European Authorities, for example MiFID II (Markets in Financial Instruments Directive II), AIFMD (Alternative Investment Fund Managers Directive) and others. AMANA supports us with the development of our national statutory reporting taxonomy as well.
HUK-COBURG and Stuttgarter Versicherung
"Both insurance companies are using the XBRL Portal to generate their Solvency II QRT reports. To facilitate the import of data from existing systems HUK COBURG uses a file upload to use data from IBM’s financial reporting tool TM1, while the Stuttgarter Versicherung imports data from SAP BW via RFC interface. All datapoints are be automatically mapped to the QRTs and validated according to the EIOPA taxonomy. The XBRL Portal can easily import new EIOPA taxonomies with the click of a button. Because of its generic approach no new tool version is required. The Portal reads all reporting templates and validations rules (DPM) automatically from any taxonomy. The Stuttgarter Versicherung uses the XBRL Portal in the Cloud, while HUK COBURG decided to run the application on premise on their own server infrastructure. QRT filings generated by HUK Coburg AG and Stuttgarter Versicherung were the first valid XBRL instances in Germany to be submitted to BaFin.