AMANA EUROFILER | Cloud

The XBRL language changes our regulatory and accounting world: the European COREP- and FINREP-, and also Solvency II-Reporting challenges the financial sector and insurance companies to transmit a great amount of reports in XBRL format to the national controlling authorities.

We “master” XBRL and offer an intelligent, user-friendly and efficient solution with the SmartNotes EUROFILER Module. As a result you gain more time for real challenges, such as enquiring reporting figures.

The SmartNotes EUROFILER Module allows downloading any XBRL taxonomy (such as FINREP/COREP/Solvency II) and creating reports, based on the taxonomy Table Linkbase’s. At the same time table views are not “hard coded”, rather the generic XBRL processor can adjust input templates and reports by simply adding a new XBRL taxonomy. The EUROFILER Module provides following functions:

Client/Server multi-user architecture for group-wide, parallel report creation.
Data import from any source-system [in particular dimensional databases]
Automated generation of report tables from the XBRL taxonomy (Data Point Model)
Automated update of table structures from the XBRL taxonomy in a new taxonomy version
Direct binding of table cells [Data Points] in report tables to pre-system
Automated data mapping from pre-systems in table cells, based on dimensional properties
Manual input of figures in tables
Versioning of all figure changes and/or modifications, such as roundings (who, what, when) for both mapped and manual figures, the entire “Audit Trail” persists
Validation of reports using validation rules, provided by the XBRL taxonomy
Status and authorisation concept to project quality assurance process on report and table levels. A “Workflow“ can be defined, so that separate report parts can be approved by freely configurable quality assurance managers
Updating of figures mapped to source-systems with a single click
Creating XBRL Instance and validation with a single click
Direct sending of XBRL Instance to regulators (e.g. Bundesbank, BaFin)
Different Excel reports (complete workbook, difference report previous year/current year, etc.)
Comment function to the documentation of changes [e.g. giving a reason for rounding/regrouping ]

The SmartNotes EUROFILER Module for FINREP/COREP and Solvency II can be integrated into existing installations.

The EUROFILER Module uses AMANA XBRL Processor, which is checked for correct operation by official XBRL Conformance Testsuites.