Slide 3 of 15
The problem with loose terms like "euro-compliance" is that there is no single standard with which to comply. IT people love standards, that's why we have so many - industry standards, national standards, accounting standards - all different. Is that so surprising? They are looking at different things
Some accounting software packages limit their “euro-compliance” to providing a pop-up calculator. Others provide a converter to convert inputs and outputs to the base currency, so it can appear to be dealing in euro while really accounting in the national currency. We shall show how that is a dangerous practive.
The most overlooked area is inescapable problem of what to do on E-day, when the final changeover cannot be put off any more.
We shall give some questions to ask vendors, depending on the degree of assurance that you want.