Digitisation of Annual Reports also goes through the ESEF requirement

29 September 2021

MESSAGE and AMANA have signed a partnership that enables Italian listed companies to comply with ESEF regulations with a certified solution that is already widely used in the European listed company market.

The European Securities and Markets Authority (ESMA) has established that all listed companies (around 5,000 in Europe) must publish their Annual Financial Report in xHTML format. The requirement for Italy comes into force in 2022 for the fiscal year 2021 and makes it mandatory to tag Consolidated Annual Financial Reports in Inline XBRL (iXBRL) using the IFRS taxonomy. For the first year, the regulation applies only to the main Consolidated Financial Statements (Balance Sheet, Income Statement, Statement of Changes in Equity and Cash Flow Statement). In the following years, the requirement will be extended to the Notes to the Consolidated Financial Statements and also to the Sustainability Reports (ESG).

"AMANA XBRL Tagger" is a stand-alone solution for tagging Annual Financial Reports in iXBRL format according to the ESEF requirement. Any type of document (PDF, Word, InDesign, etc.) can be tagged without disrupting the work process. In a short time, an ESEF-compliant report can be created without any special technical  nowledge.

Dario Mezzaqui, Head of International Partnerships and co-founder of Message:


"We chose AMANA and the "AMANA XBRL Tagger"; tool, which is also certified by the XBRL International consortium, because of its comprehensive functionality and rapid mplementation, as well as the experience gained over the past year, since the solution has already been used in Europe by over 600 listed companies, including Bayer, Allianz, Daimler, Adidas, Volkswagen and Deutsche Bank.”
Dario Mezzaqui, Co-founder of Message
“The partnership with Message allows us to offer the Italian market a tool of immediate activation to be compliant with the ESEF regulation. An Italian language solution, supported by an entirely Italian working team, present on the national territory, but with many years of experience at international level in solutions dedicated to annual financial reporting.
Italian companies will be able to use the software starting from the Financial Statements from previous year in order to be ready for the tagging of data for the fiscal year 2021”.
Carlo De Sanctis, Managing Director of AMANA Italia


Did you like the article and want to get to know us better?
Contact us