XBRL Tagger

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Vendor Description

AMANA was founded as a spin-off from the global accounting consultancy, PricewaterhouseCoopers AG (PwC), in 2011. They have since established themselves as one of the market leaders in the sectors of software and consulting for taxes, Disclosure Management, XBRL and leasing. Combining their understanding of software solutions together with services for accounting, controlling and taxes, they have integrated sustainable software solutions for a range of businesses across a multitude of sectors from family-owned right the way through to listed corporations.

In addition to more than 600 successful implementations, more than two thirds of companies in the DAX stock exchange use AMANA products.

Vendor Capabilities

In addition to iXBRL reporting, AMANA provides a number of capabilities, including:

AMANA’s GlobalLeaseCenter is a web-based IFRS16 software that supports the calculation and booking of leasing contracts, the determination of notes, and the decentralised recording and administration of contracts.

AMANA’s end-to-end tax solutions, help shorten the preparation period by merging data from Excel spreadsheets and reduce complexity at the same time. Additional services cover all aspects of tax processes including annual financial statements through to declarations including:

  • GlobalTaxCenter Suite: Complete tax portal for the corporate tax department
  • VAT@GTC: VAT compliance and analysis across Europe
  • DAC 6: Europe’s mandatory disclosure regime for cross-border tax arrangements

AMANA’s SmartNotes software offers clients a rich disclosure management solution, complete with integration to upstream systems, a process dashboard and an integrated XBRL tagger.  Discover SmartNotes here.

XBRL Tagger

Amana XBRL Tagger

Key Features

Product Description

AMANA’s XBRL Tagger is a XBRL certified, multi-taxonomy and multi-lingual, implementation-free plug-and-play, XBRL tagging solution.

Working with XBRL tagger is easy – with a configuration wizard that will guide you through a document set-up process.

Users select a report, choose which taxonomy is to be used and input a handful of essential attributes, such as company name, reporting currency, number scaling and so on.

XBRL Tagger supports a range of document formats, including Word, PDF, and InDesign.

The document is displayed in the primary window, but an adjacent pane is also included, which displays the presentation linkbase for the chosen taxonomy.  The properties and attributes of any concept in the presentation linkbase can displayed in the properties pane.

It’s these two panes that essentially allow users to navigate, and even search, in the taxonomies.  As XBRL Tagger is multi-lingual, these taxonomies can even be displayed and used in a variety of different languages.

The tagging process itself couldn’t be easier.  For text tags, simply drag a concept from the presentation linkbase and drop it onto the desired text in the document. 

Tables, such as financial statements, are also quick and easy to tag, with drag and drop functionality.  XBRL Tagger’s table tagger allows users to tag elements in the financial statements manually, on a line-by-line and column-by-column basis.  But it also offers an auto-tagger that makes effective use of AI and short work of tables.  Users can run the tagger and then merely evaluate the auto-tagger results and confirm or reject them.

It’s easy and intuitive to create taxonomy extensions with AMANA’s XBRL Tagger for those business specific reports that require more detail than described in the taxonomy, such as for ESEF reporting. 

During report preparation, the software will parse the taxonomies calculation relationships and highlight figures that don’t add up according to these rules.  You can even define your own calculation relationships.

Some reports may include complex tables, where x and y-axes contain a blend of information.  XBRL tagger handles this easily as you can drag and drop tags onto any intersection of the table.  You can even copy mappings between tables. This is useful when similar, but complex, tables exist for the current and prior reporting period.

The validation rules defined by the chosen taxonomy are executed when you prepare the final document, which provides the opportunity to correct any issues before submitting the file to the regulator.

Validation errors and warnings are a direct reflection of the rules and messages defined by the actual taxonomies.  As such, you’ll need to clear all blocking errors.

In addition to the standard XHTML output, XBRL Tagger offers a range of useful outputs.  As you’d expect, it produces the final taxonomy which can be reused the next time the report is to be prepared.  The entire set of rules and tags can also be reviewed in a very comprehensive Excel log.

All of these great features are also available in AMANA’s complete Disclosure Management solution ‘SmartNotes’.   See more information on AMANA’s Disclosure Management solution here.

Product Snapshots

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