The implementation of the Euro has been mapped out over a period of three years, with the final phasing out of member state currencies to be completed by December 31, 2001.

The Transition period requires that companies trading in Europe have the ability to process their transactions using the rules defined by the European Commission. These rules recommend that all transactions from/to a member currency must be converted using Triangulation.

Triangulation is the method defined by the European Commission, where all values must be translated via the Euro. The conversion of a base currency is a major event for a company and its database. The database contains significant amounts of information about the company, its performance, its customers and suppliers and its accounting information.

The first objective of EM4 is to allow a company to process European transactions correctly and under the guidelines defined by the European Commission without interfering with the current business process.

The second objective is to facilitate the change of a company's base and/or global currency and to provide properly converted views of the business and its performance in the new currency with a clear audit trail to the previous currency.

EM4 runs on AS/400 RPG applications with a full set of tools and modules to ensure total Euro compliance.

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