Crossing the Euro rubicon [information systems]

Author

Grothenhuis, K.

Author_Institution

SAP AG, Minneapolis, MN

Volume

35

Issue

10

fYear

1998

fDate

10/1/1998 12:00:00 AM

Firstpage

30

Lastpage

33

Abstract

Readying information systems for the Euro, though technically no big deal, is a massive undertaking a company should begin sooner rather than later. The Euro will directly affect 370 million inhabitants that produce 27 percent of the worlds gross national product. Its impact will be greatest on banks and financial institutions, but the change will affect virtually every European business as well as any US businesses that have subsidiaries in, trade with, or invest in Europe. Companies affected will need to reevaluate every aspect of their business that involves money, including accounting procedures, legal and taxation issues, procurement, sales, and payroll

Keywords

accounts data processing; bank data processing; information systems; payroll data processing; tax preparation; Euro; European business; accounting procedures; banks; financial institutions; information systems; legal issues; payroll; procurement; sales; single European currency; taxation issues; Business communication; Companies; Costs; Europe; Financial management; Information systems; Management information systems; Marketing management; Project management; Switches;

fLanguage

English

Journal_Title

Spectrum, IEEE

Publisher

ieee

ISSN

0018-9235

Type

jour

DOI

10.1109/6.722318

Filename

722318