SAP is one of very few application software suppliers to have laid its cards on the table regarding European Monetary Union (EMU), with a pledge to support the Euro by the end of 1997.
The firm?s EMU programme was kicked off internally as much as a year ago, but support for currency changes will finally arrive with R/3 version 4.0 and R/2 version 5.0.
Steve Turner, SAP?s director of consulting, said: ?At the moment, we?re into designing the process of how conformance would take place. That is subject to variables depending on what comes out of the European Commission, but we?re coming up with standard routines that we?ll be able to change in line with the variables.?
SAP is currently focussing on three main areas of conformance. Although both of its applications suites can currently undertake dual currency reporting, an extra field will be created in the software to deal with the Euro.
This means users will be able to process their figures in the Euro as if it were a local currency, undertake transactions in the currency of their choice and display both currencies in parallel.
SAP also plans to automate the conversion of both local currency and transaction currencies into the Euro for all items.
The company is currently in the process of developing user conversion schemes with its consulting partners and the Big Six systems integrators. Such initiatives will include running programmes to undertake file conversions on user sites, training and documentation.
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