A leading industry body made a first attempt last week at filling the vacuum on information about the effect EMU will have on IT. The coming of European Monetary Union is expected by many analysts to have as great an impact on corporate IT as the year 2000 problem, but little attention has been devoted to the problem. The Computer Software and Services Association (CSSA) has stepped into the breach with the publication of a guide on how companies can start preparing for EMU now. The document, Practical first steps for companies concerned about the impact of the Euro, is available for free download at www.cssa.co.uk/cssa. It outlines the timetable for EMU, what is likely to happen at each stage, who should be concerned about the issue, and gives some advice on what research IT managers need to do to prepare for EMU. Lastly, the report lists a few recommendations for companies which have not yet considered the issue. The chief recommendations are that companies start a Euro Project at board level; that a budget should be allocated for dealing with the problem; that companies should ask their banks what effect EMU will have on payment systems and bank accounts; and that firms should ask their suppliers and customers how they are preparing for the change.
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