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Migrating to euro

Migrating to europdf Choose translations of the previous link 

Though it is generally accepted that the introduction of the euro is a business issue, its impact on information technology (IT) is tremendous. Since the mutual dependency of business and IT is crucial and undeniable, company management must consider both the business and IT aspects of euro implementation at every stage in planning a euro strategy.
This document is written primarily for IT managers. Its purpose is to provide European enterprises with recommendations for IT system strategies and best practices in order to:

  • Comply with business needs and with the legal framework surrounding European Economic and Monetary Union.
  • Rapidly and cost-effectively migrate their IT systems so that they offer euro functionality and can operate with the euro as their base currency.
  • Adapt their IT systems to provide optional functionality that allows their organisations to operate in both currency denominations (national currency unit and euro)
  • Avoid data errors and functional errors.

Rather than recommending a single solution, this document discusses relevant issues, design principles that are desirable, and trade-offs between different solution approaches. It suggests several relevant solution strategies and methodologies. Various tools that are useful for these different strategies are also mentioned; in some cases these tools are available from software vendors or services providers or may be developed by the IT user organisation itself. Since the intended audience is IT managers who will have to implement the euro, at times this document must address technical issues in detail.
Each IT user organisation must ultimately take the responsibility for making its own decisions regarding the selection of euro migration methodologies and tools to fit its own specific needs.
Although the contributions to this document have been provided by organisations that have considerable expertise in assisting enterprises in implementing the euro, this document attempts at all times to be completely non-commercial in nature.

(Euro Papers. 36. October 1999. Brussels. Tab. Ann. )

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