Reporting with an XBRL Engine

The XBRL format is playing an increasingly important role in the regulatory environment. More and more authorities are turning to ‘eXtensible Business Reporting Language’ to request financial data from various companies in electronic form. Prominent examples are the FINREP/COREP reports for banks and QRT Solvency II reports for insurance companies. Thousands of companies are also affected by ‘E-Bilanz’ in Germany.

These XBRL instances are based on taxonomies published periodically by regulators. Constant changes of taxonomies require new versions of programs offered by many providers and often result in time delays.

‘AMANA XBRL Engine’ saves your time and effort. We have developed a generic XBRL processor based on the XBRL specification. Thus new taxonomies can be processed on the day of publication without adjustments of the engine; no software updates are required. From our perspective, there is a difference between real and ‘hard-coded’ XBRL solutions. Our solution is always up-to-date and corresponds to the current XBRL taxonomy. Thanks to our XBRL Engine there is no need to adjust the programme to the constantly changing taxonomy requirements.

Using our XBRL solution new custom reporting scenarios can be implemented without changes to the system. To do this, generate reporting forms directly from the XBRL taxonomy with the push of a button. This is the only way to meet reporting requirements in time and with reasonable efforts.

Apart from that, the AMANA XBRL Engine supports the following specifications:

  • XBRL Specification 2.1
  • XBRL Dimension Specification 1.0
  • XBRL Formula Specification 1.0
  • XBRL Table Linkbase Specification 1.0
  • XBRL Taxonomy Packages 1.0

Furthermore, AMANA provides modules and API libraries that enable graphical representation, reports and taxonomy management. The Filing Rules of EBA, EIOPA and the Bundesbank can be validated with a module.

The AMANA XBRL engine is used by the following AMANA products:

Since November 2017, the AMANA XBRL Engine has successfully passed the audit of XBRL International, and is now officially considered as “XBRL Certified Software”. Thanks to the certification, users can now be sure that it is compliant and works correctly with any XBRL taxonomy. The AMANA XBRL Engine is one of the first certified software solutions worldwide.

Success stories

A major German bank

A major German bank uses the AMANA XBRL Engine to generate its FINREP/COREP reports. AMANA has developed a web service (‘XBRL Bridge’) that can import data from the ‘Financial Data Warehouse’ (Oracle database) in order to generate XBRL instances from them. In addition, the instances can be validated (XBRL Formula Validation + Custom Validation) and visualised (Excel reports). The XBRL Bridge of Deutsche Bank is accessed via a web-based interface (Java). Currently over 80 users work with our solution.

To date, hundreds of FINREP|COREP|AE instances have been transmitted using the XBRL Bridge by all European group entities. Among the recipients of the XBRL reports is the Bundesbank as well as the FCA in the UK, the Banco de Portugal and others.

Deutsche Bank was the first bank in Europe to submit the reports on time. We worked closely with the authorities to optimise the new process. The ECB referred explicitly to the largest XBRL report submitted by the Deutsche Bank in November 2014 – because it overtaxed the undersized systems of the ECB.

XBRL Engine implementation by PASS Consulting

MULTIBANK is a foreign banking system of the PASS Consulting Group; it is a user-oriented core banking system for private banks and foreign banks. Based on Microsoft Dynamics NAV®, it provides modular support for the specific requirements and complex processes of a bank. The AMANA XBRL Engine is used for FINREP|COREP reports.

By integrating the AMANA XBRL Engine ‘invisibly’ in the core banking software, PASS Consulting offers its clients a perfect ‘in-house’ solution. Over 20 banks have implemented the PASS core banking software today, using our processor to send their monthly and other required European XBRL reports.

We played a coaching role for the PASS Consulting employees responsible for the client implementations. Thanks to this multiplier effect our product was quickly adopted by many banks.

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Relevant issues

XBRL Parser, DOM, Validator, XBRL performance, XBRL programming API, SDK, XBRL .NET, Filing rules validator, XBRL webservice, XBRL Java, XBRL software, XBRL C#, XBRL formula specification, Ubmatrix XBRL, XBRL library, XBRL validation, XBRL editor, XBRL generator, XBRL conversion software, XBRL filing software, XBRL software vendors, XBRL conformance test suites, XBRL online, XBRL XML, XBRL processor, Taxonomy visualisation

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