AMANA Italia - who we are
AMANA Italia is the Italian subsidiary of the German AMANA Consulting Group. We offer software solutions for reporting, ESEF, XBRL, Disclosure Management and IFRS 16. AMANA Italia is the direct interlocutor of our customers in Italy.
We offer you our support for an integratation of our software solutions into your business processes. We are also available to help you, answer your questions and welcome your suggestions.
AMANA was founded in 2011 as a spin-off from the financial consulting business of PwC Germany and has since successfully developed independently. The number of clients of the AMANA Group will reach 1,000 in 2021.
AMANA Italy is represented by Carlo De Sanctis, the Managing Director. Carlo has many years of professional experience both in the company and as a consultant, with projects in Italy, Sweden, Norway and Finland. Carlo is available as your direct contact.
AMANA Consulting is represented in Italy by Philipp Stampfuß. Philipp is one of the four founders of the AMANA Group in Germany.
Our software solutions
ESEF - iXBRL
With the introduction of the European Securities and Markets Authority's (ESMA) Single European Electronic Standard (ESEF), all listed companies must publish their Annual Financial Reports in XHTML format.
Consolidated Financial Statement schedules must be tagged as Inline XBRL (iXBRL) using the IFRS ratenomy.
For the first two years of application of the new regulation, only the main consolidated financial statements (balance sheet, income statement, statement of comprehensive income, statement of changes in equity and cash flow statement) must be tagged.
The Notes to the Consolidated Financial Statements must be tagged as "text blocks" from the third year of application of the regulation.
Taxonomy extensions must be created for Financial Statement items not present in the base ratenomy.
Extensions are only allowed if there are no items in the base rate that represent the concept expressed by the budget items.
Extensions should be "anchored" to the most similar conceptual element in the base 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.
- Stand-alone-solution
- PDF / Word / InDesign tagging
- No implementation project
- 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.
Layouts directly from SmartNotes:
IFRS 16 compliant with the GlobalLeaseCenter
You still balance leasing contracts with Excel? We have the safer and cost-efficient alternative!
Our web-based IFRS 16 software supports you not only in the calculation and booking of leasing contracts and the determination of notes, but also in the decentralised recording and administration of contracts.
The complexity of the new IFRS 16 regulations often presents leasing-intensive companies with problems. This has come to an end with AMANA! Our IFRS 16 leasing software integrates all requirements in our standard set, which guarantees a quick implementation! With GlobalLeaseCenter you are ready to go in just a few days!
More time for the core task with the XBRL Auditor
The new ESEF regulation has increased the complexity of auditing annual reports many times over. Our certified AMANA XBRL auditor ensures that you solve the complex requirements without any problems and that no time is wasted comparing XHTML and iXBRL. This gives you time for your actual main task, the verification of the tagging against your IFRS knowledge.
Based on our experience from numerous XBRL projects, we have implemented the listed features in a targeted manner and support you holistically throughout the entire validation process. Simplify the validation and audit of ESEF and iXBRL reports with us!
The AMANA XBRL Auditor supports you holistically:
- The automation of the technical validation in accordance with the ESMA validation rules.
- Checks the integrity of the machine- and human-readable document.
- Tagging of final tables can be ticked off and commented on line by line.
- Supports documentation with checklists
- Version control with intelligent change detection and comparison between changes in two versions
- Customer communication with comments
- Four-eyes principle and review function
XBRL Text Block Tagging
In this webinar, we will explore the intricacies of Text block tagging, both for Word document and for 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
Disclosure Management SmartNotes: End-to-end process to the ESEF and ESG annual report
Our Disclosure Management SmartNotes increases the efficiency in the creation of annual reports and iXBRL reports and helps you to implement the ESEF and ESG requirements. Work with SmartNotes from the first data import, through the input of corrections, to the publication of the annual report in a print-ready layout without media discontinuity. Our Disclosure Management System relieves you of the manual work steps so that you can concentrate on essential content.
Referents: Björn Bielesch
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ESG reporting with the AMANA XBRL Tagger
The European Commission has adopted the European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). It defines around 178 sector-agnostic disclosure requirements, sector specific disclosure requirements. 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.
Included are 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 focusing tagging of sustainability statements with the ESRS XBRL taxonomy.
We will show how our XBRL Tagger will make it possible to easily and simply perform the tagging process and the generation of an iXBRL report.
Referent: Catalina Ibanez
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ESG: quick and easy implementation with LucaNet Collecting, analyzing and reporting sustainability data
Companies must become greener, more sustainable and socially just. To prove this, they need to have ESG reporting in place; which will also apply to many medium-sized companies from 2024. The reason for this is the European Corporate Sustainability Reporting Directive (CSRD). Find out how LucaNet can help you.
The webinar is aimed at specialists and managers responsible for sustainability reporting in the company. In our webinar we will inform you compactly about the main contents and amendments to the Directive; if and when exactly your company is affected and how your ESG reporting can be made easy with LucaNet.
Referents: Björn Bielesch (AMANA) and Eva Renner (LucaNet)
XBRL Tagger 1.10 - The Next Step of Text Block Tagging
Text block tagging was never that easy: With our new features the Tagger is well equipped to go into the second year of text block tagging. Have a first look at our completely overhauled PDF roll forward process and many other new features supporting you in filing your report as smooth as possible:
- Completely overhauled PDF roll forward process
- Report comparer and other features helping with understanding the content of your current and former report
- Layer switching for text blocks and more features helping with text block tagging
- Many new usability features
Referents: Carina Tepper and Paul Beckmann
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: Catalina Ibanez 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.
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
Contact
- Carlo De Sanctis
- carlods@amana.lucanet.com
- +39 375 669 3605
- Carlo de Sanctis @ LinkedIn
- Anna Maria Bigoni
- annamariab@amana.lucanet.com
- +39 375 6632794
- Anna Maria Bigoni @ LinkedIn
Partners
Our client projects
Geberit
Geberit has been using SmartNotes for many years. Our online annual report has an interface with SmartNotes. The data is transferred from the financial report via interface to the online report. The interface processes not only the financial figures but also the formats, so that manual post-processing in the online report is largely eliminated. The manual steps that do not add value have thus been eliminated from the process.
Richemont
Richemont uses SmartNotes for external and internal reports. For us, the key advantages include saving time with automated numbers in tables and text as well as the roll-forward process, being able to work in parallel as SmartNotes allows several people to work on the same document at once and internal consistency within the reports and between the reports, for example between annual report and annual analyst presentation or interim report and interim analyst presentation. Smartnotes has also helped us to improve the efficiency of our internal reporting.
Glencore
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.Being a listed company on the London stock exchange we are using Smartnotes to prepare the ESEF report (European Single Electronic Format), with taggings of primary statements as well as notes to the financial statements. We performed the project with internal resources and the support from AMANA, using their competences in both areas XBRL technical and accounting. The integration of XBRL tagging into SmartNotes has allowed us to further enhance the automation in the report production process.
Duferco
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).
Caleffi S. p. A.
Amana: a safe and reliable partner for the preparation of consolidated financial statements according to the European single electronic standard (ESEF). I greatly appreciated the professional competence, precision and availability that the Amana team dedicated to the work of preparing the financial statements in XHTML format, using Amana's XBRL Tagger.
Restart S. p. A.
Amana: a safe and reliable partner for the preparation of consolidated financial statements according to the European single electronic standard (ESEF). I greatly appreciated the professional competence, precision and availability that the Amana team dedicated to the work of preparing the financial statements in XHTML format, using Amana's XBRL Tagger.
Primeo Energie
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.
Haniel
During our decision process for the best software solution to fulfill the IFRS 16 requirements, the GlobalLeaseCenter convinced us by the following competitive advantages: on the one hand, it is flexible and therefore easy to integrate into our IT environment and on the other hand, the project team from AMANA was highly competent in both areas in IFRS and in IT specific technical details.
Idorsia
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.
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.
CtrlPrint
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.
Arkk solutions
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.
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