Currency Conversions Becomes IT Concern

Jan. 13, 2005
Information technology managers must deal with the upcoming conversion of European currencies to the euro, warns Dallas-based IMI Systems Inc., an international IT consulting firm. Companies must look at existing business systems that are coded to deal ...

Information technology managers must deal with the upcoming conversion of European currencies to the euro, warns Dallas-based IMI Systems Inc., an international IT consulting firm. Companies must look at existing business systems that are coded to deal with a broad spectrum of currencies and analyze how they can be adapted to the new monetary unit. Echoing the concern, the Gartner Group, a research firm, says that "certain U.S. and European enterprises are faced with an event that will likely affect every installed PC--and cost more than $1 billion to reprogram."

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