That says nothing of mission-critical systems outside of the finance department that could fail. And rest assured, they will fail. According to the Gartner Group, other than Singapore, South Korea, and Taiwan, all other countries in Asia can expect at least half of their companies to experience Y2K-induced mission critical failures. Some finance managers, however, seem blissfully unaware of the problem. Others know the problem exists, but refuse to disclose the fact.
Nobody wants to talk about it.
Some CFOs in Asia are talking. But what they're saying is not encouraging. Take the case of Maria Eugenie, the finance manager at Alumindo Perkasa, a small, publicly listed producer of aluminum products based in Indonesia. The company has seen its monthly sales volume fall from 350 tons to 80 tons since the economic crisis began. This company hasn't yet set up a program to audit for the year 2000.