The EMU time bomb

Article Abstract:

The impending implementation of the Economic and Monetary Union (EMU) in European Union countries is expected to have an impact on companies that trade with or have branches or subsidiaries in this continent. Starting Jan 1999, the euro will become the sole reporting currency in Europe, which will compel changes in accounting procedures as well as in financial software development. Users of these programs, particularly management accountants and financial developers, will also be affected by this transition. If a US company has no subsidiary but trades with Europe, the appropriate strategy is to adjust its multicurrency software according to the new European requirements. However, if it has a European subsidiary, it is advised to revise its reporting currency during the three-and-a-half transition from the local currency to the euro in the country where the subsidiary is.

Software Publishers, Financial, Acctg Software Pkgs (Micro), Management, Economic aspects, Accounting and auditing, Financial software, International business enterprises, Multinational corporations, European Monetary System

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LAWSON INSIGHT - a world of difference for James River Corporation

Article Abstract:

The human resources department of James River Corp. can better serve its customers with the help of LAWSON INSIGHT Human Resources System from Lawson Software. This consumer products company has 27,000 employees distributed in 50 states and in Western Europe, and 18,000 retirees, which have to be served by the human resources staff. To improve its efficiency in addressing the needs of these groups, the human resources department introduced the Lawson software, which allows employees to automatically retrieve personal information and revise their own files using kiosks or intranet access. The event-driven, self-service functions of the software allows the company to increase efficiency through process-oriented applications and improve productivity via workflow.

PAPER AND ALLIED PRODUCTS, Paper & Allied Products, Paper Manufacturing, Business Software Pkgs NEC, Usage, Paper products industry, Information management, Paper industry, James River Corporation of Virginia, JR, Lawson Human Resources System (Human resources management software)

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