AMANA Switzerland
AMANA Switzerland LLC, the foreign subsidiary of AMANA Consulting GmbH, offers software solutions in the areas of tax and financial processes, and is the direct contact for customers in Switzerland.
We support you on-site with a smooth integration of our software solutions into your processes. We are also available to help you, to answer any questions you may have, and we are happy to receive suggestions.
AMANA Schweiz introduces itself
AMANA Switzerland LLC is the first foreign subsidiary of AMANA Consulting GmbH Germany. Our number of customers has risen to 1000 since 2010. With our reference customers in Switzerland and Liechtenstein, we have been firmly established in the market for years.
AMANA emerged in 2011 from a spin-off of the accounting consultancy of PricewaterhouseCoopers AG WPG (PWC) and developed successfully. AMANA Switzerland LLC acts as the direct contact for customers in Switzerland.
AMANA Switzerland LLC is represented by Elena Serova who acts as the Managing Director. Elena has many years of professional experience as a consultant and most recently as an investor engagement leader at PwC Switzerland with projects in Switzerland, Germany, France, UK, Japan, and the USA. She is at your disposal as your direct contact.
AMANA Consulting GmbH in Switzerland is represented by Dr. Philipp Stampfuß and Thorsten Funke. Philipp and Thorsten have been two of four managing directors since the formation of AMANA Consulting GmbH in Germany.
Another expert is our XBRL product manager Richard Bössen. Richard is a member of the board of XBRL Switzerland association and is responsible for numerous projects in this area.
Our software solutions
Financial reports in XBRL
With the introduction of ESEF (European Single Electronic Standard) from ESMA (European Securities and Markets Authority), more and more companies will publish their data in XBRL format (eXtensible Business Reporting Language). In the future, analysts will increasingly use the data for XBRL reporting. At our last user conference in Essen, attended by around 400 clients every year, experienced analyst Marietta Miemietz from Primavenue Advisory Services Limited gave a presentation and pointed out the following aspects of XBRL: Cost efficiency, speed, accuracy, and the ability to design your own Alternative Performance Measurements (APMs).
In Switzerland, some companies are also affected by the ESEF requirement. As a proven XBRL expert with the most certifications from XBRL International, we are happy to support you in implementing this requirement. Firstly, with the help of SmartNotes and secondly, with the help of the XBRL Tagger. We would like to invite you to current webinars for SmartNotes and XBRL Tagger.
Our client projects
Swissquote Bank
"We are using SmartNotes for our Annual Report production process. All contents are maintained in SmartNotes in a ready-to-publish format from Word including the following parts: Financial Report, Remuneration Report, Corporate Governance Report as well as Sustainability Report. The numbers in the tables, charts and text are interconnected and connected to the source data, they are updated automatically for each data load throughout the report. SmartNotes has significantly helped us to automate the process and reduced the correction efforts."
TITAN Cement Group
"We have prepared our first ESEF audited report (European Single Electronic Format) with the help of AMANA and their solution XBRL Tagger. The project started with a full test on the financial report from the prior year which was reviewed afterwards. The production of the report at the end of 2020 went very smoothly despite a very short period for the year-end closing process. The support was excellent and the ESEF consulting competence was outstanding. We met our deadline and filed our ESEF report at the Belgian Officially Appointed Mechanism for ESEF reports FSMA (Financial Services and Markets Authority) in Brussels in English and French on the planned date."
Allianz Suisse
"What we appreciate about GTC are the automation possibilities for our processes as well as the specific cantonal requirements from Swiss tax law that are reflected in the software. We have been using GTC in the tax compliance area since 2014. In particular, the allocation of the taxable result according to Circular 23 for insurance companies (Kreisschreiben 23) at the cantonal and municipal level, as well as the processing of payments for the verification of tax assessments and the calculation of tax provisions are very beneficial for us. The GTC also convinced us with its flexibility in integrating different data sources."
EFG International
"We use SmartNotes for EFGI - Annual Report, Interim Report, Press Releases and for Pillar III report. We also use SmartNotes for various subsidiary annual reports including subsidiaries is Switzerland, UK and Luxembourg. All theses reports are produced with final layout in Word without use of InDesign. The highly sophisticated functionality for financials (roll-forward, validations, automated numbers in text, ect.) helps us significantly to automate the processes of report production and ensure alignment between annual reports and press releases. The implementation project was an excellent experience for all team members."
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."
HIAG
"We use SmartNotes in the Azure Microsoft cloud environment. SmartNotes significantly helps us to streamline the report production process. A direct interface to our consolidation system as well as a ready-to-print preparation of the reports without InDesign eliminate the manual steps and the risks of errors in the process. After a very good implementation project together with AMANA, we can independently expand the application areas of SmartNotes and implement further reports in SmartNotes."
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."
FMA
The Liechtenstein Financial Market Authority collaborates with AMANA in many areas. "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."
BEKB / BCBE
"We have been using SmartNotes for our financial reporting since 2012. The functionalities for financials in SmartNotes impressed us a lot from the beginning. SmartNotes is easy to use and we act independently when making report adjustments or creating new reports in SmartNotes. We use the tool for both external and internal reporting. For internal reporting, we have implemented our management reports in both Word and Power Point formats. The use of SmartNotes has significantly reduced the risk of errors. At the same time, efficiency has been increased thanks to the automation of routine work."
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."
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."
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."
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."
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)."
Covivio
"The introduction of the software was straightforward and simple. The introduction of VAT@GTC has made our reporting process much more efficient. Even complex VAT groups can be easily handled and consolidated with the AMANA software. Since using the software we have been saving a lot of time."
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.”
gategroup
"We use GlobalTaxCenter (GTC) for our group-wide tax reporting processes worldwide, for example in our units in Asia, Africa and the North America. The integrated link between actual and deferred taxes saves us a significant amount of time during the year end process. The automated tax rate reconciliation serves as an important input for the preparation of the notes in the financial report. The GTC meets our expectations for process digitisation in the area of tax reporting very well."
Our contact persons
- Dr. Philipp Stampfuß
- T +49 201 94 622 885
- philipp.stampfuss@amana.de
- Dr. Philipp Stampfuß @ LinkedIn
- Thorsten Funke
- T +49 201 94 622 877
- thorsten.funke@amana.de
- Thorsten Funke @ LinkedIn
- Richard Bössen
- T +41 61 333 2000
- richard.boessen@amana.de
- Richard Bössen @ LinkedIn
Our references
Webinars
Disclosure Management SmartNotes: End-to-end process to the 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 requirements. You 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 and Nina Schüller
ESEF Plug & Play with the
AMANA XBRL Tagger
In our webinar, we will present our solution outlining the simple handling of report production and the automated tagging support feature based on artificial intelligence (AI) developed by AMANA, which significantly simplifies the creation of ESEF reports.
Referents: Nina Schüller and Janis Steinmann
Go live in 4 days - IFRS 16 with the GlobalLeaseCenter
With the GlobalLeaseCenter you can implement a tested and regularly maintained IFRS 16 leasing tool in record time. The GlobalLeaseCenter is a comfortable standard solution of AMANA to effectively and efficiently account for leasing matters according to IFRS 16. Within a clear and well-structured process the GlobalLeaseCenter supports the user in data collection. Validations of the input data increase the data quality. Based on the entered contract data, the GlobalLeaseCenter intelligently recognises which IFRS 16 facts are present (new contract, modification; reassessment) and automatically carries out their evaluation. The generation of bookings, dicslosures and reports at company level or group level is one of the standard functionalities of our IFRS 16 system. More than just a software solution: our experienced consulting team will accompany and support you both in the project and, if required, in live operation.
Referents: Eva-Maria Kuhlmann and Matthias Sahm
Multi-Taxonomy tagging and further iXBRL features in the new AMANA XBRL Tagger
New XBRL Tagger version: With new XBRL requirements coming into force all over Europe and sustainable reporting on the horizon, iXBRL software needs to be more flexible to allow users to easily create valid reports. With the new Tagger version we offer another step in this direction, now with the ability to use multiple taxonomies in the same report as well as other improvements to create the iXBRL report you need. Not using the Tagger yet? No problem! Reusing tags and data from existing reports, even those created with other tools, is now easier than ever.
Referents: Nina Schüller and Janis Steinmann
Tips & Tricks for Word in combination with SmartNotes
Word in combination with SmartNotes offers a variety of possibilities to edit, automate and layout texts. In this workshop we will discuss typical stumbling blocks such as margins, table layouts, table of contents, we will give tips and reveal one or two tricks how you can optimally structure and edit your documents.
Referents: Tamino Kschischan and Thomas Lohrengel
Series for Users and Interested People: Planning in the light of IFRS 16 - challenges and approaches to solutions
IFRS 16 changes the requirements for planning under IFRS. In the past, the leasing standard IAS 17 often only influenced the planning of the income statement and cash flows. After adopting IFRS 16, lease contracts must also be taken into account in balance sheet planning. In addition, the accounting consequences of new contracts, contract amendments, and changes in estimates can have a greater impact on planning as a result of on-balance sheet accounting.
In our webinar, we would like to briefly outline the differences between planning in accordance with IAS 17 and planning in accordance with IFRS 16 in order to highlight the challenges. Furthermore, we will present different planning approaches from practice. These approaches differ in the level of detail.
We will show where software can support and where it reaches its limits. In addition, we will demonstrate different solutions preferred by our customers in the GLC. The GlobalLeaseCenter is a convenient standard solution from AMANA for effectively and efficiently accounting in accordance with IFRS 16. The software product is accompanied by a professional and technically experienced consulting team, in which the knowledge about the product and the processes surrounding the product are bundled and available to you.
Referents: Eva-Maria Kuhlmann and Matthias Sahm