SAP EURO Conversion

Substantial legal concessions have facilitated the use of Euro in business dealings since 2010 in Hungary.

Converting the company’s basic currency to EUR or USD will simplify the company’s book-keeping and reporting and make these more efficient when using SAP. Our methodology built on SAP standard tools offers a simple and quick transition.

Benefits of the transition: In the present economic climate the volatile EUR/HUF exchange rate only adds to the risks and tasks deriving from competition, and business leaders require accurate and timely information about the company’s finances. They also require fewer conversion issues when reporting to the parent company. The SAP tools can handle:

• Exchange rate gains / losses
• Offset and transfer fees

The entire process from procurement through production to sales can be planned and evaluated in EUR. There is no need to report the results of exchange rate fluctuation when comparing plans and actual results to the parent company.

We have involved an international financial advisory agency to develop the methodology and the solution that can help our clients in a safe transition to EUR- or USD-based book-keeping.

This is what we can offer:

• Status- and impact assessment prior to transition.
• Professional and technical support during for the transition.
• Project management.
• Providing resources: accounting and SAP consulting professionals.
• Post-transition review, problem-solving consultancy.
• A planned and controlled process with guaranteed outcome.
• Compliance with the current legislation.