The century's time bomb
Article Abstract:
The end of the 20th century presents a problem to computer users whose software does not accommodate century dating. The 'year 2000 problem,' also known as Y2P, is the result of the practice of software programmers in the 1970s and the 1980s to save computing power by ignoring century notation and using only the last two digits of the year. Consequently, many microprocessors and computers will read the year 2000 as the year zero. This, in turn, will cause computers all over the world to malfunction because they are not programmed to accept 00 as a valid date. Some systems may crash totally, while others may refer the user to the year 1900 because of their 'greater is later' logic. Resolving this problem will be expensive, with some experts placing the cost at around $600 billion, but companies will have no choice but to adopt the necessary measures.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1995
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Don't be taken for a ride
Article Abstract:
An increasing number of business organizations are relying on expense management systems to reduce the cost of processing travel and entertainment (T&E) expenses. It has been estimated that an average company processes about 20,000 T&E reimbursements per $1 billion of revenue and that processing each can cost from under $10 to as much as $100. It has also been estimated that paperwork processing adds 5% to a company's T&E expenses budget. Expense management software enables firms to reduce their T&E costs easier and more efficiently. Further, it can enhance the quality of information and bolster employee morale. Among the products currently available in the market are Clandestine Software's Book IT, TeamWARE Group's TeamWARE Flow, Capture's Employee Payables and TravelCom's Empower 21.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1998
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Keep your eye on the target
Article Abstract:
Mercury Interactive began in 1989 as a high-tech start-up in Israel and was listed by Fortune magazine at 36 in the world's fastest-growing companies. By 1999, Mercury was the world's leading provider of automated software testing tools for NT, Unix, and other client-server systems.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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