A successful euro changeover will ensure customer satisfaction and should aim at improving the company's market share. However, co-ordination within the industry is essential to facilitate the smoothest possible transition to the euro, especially considering the broad diversity of the tourism industry. One key element for the early adoption of the euro by consumers is the capacity of financial institutions to adapt their products and services. In order to reap the full benefits of the euro, companies need to carefully plan their changeover as a global corporate project. Since 1999, a business customer can ask for an invoice in euros and request to pay in euros using a credit card, cheques or travellers' cheques.
Suppliers can also start making quotations or sending invoices in euros.
This guide is aimed at assisting enterprises with their preparations. It recommends a practical methodology to launch the euro project in your company, along with illustrations of possible impacts of the euro on the various areas of your company.