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17 Dec 2002
The whistle-blowing former EU chief accountant was suspended from her post earlier this year after she claimed that accounting systems were open to fraud.
But today Michaele Schreyer, the EU budget commissioner, will say the current accounting system cannot cope with new financial regulations, according to a report in the Financial Times.
Andreasen was told at the time, by former budget director-general Jean-Paul Mingasson, that her preferred technology choice, SAP, would be too expensive and that, he did not want it.
But Schreyer' overhaul of the current Sincom 2 system is extremely likely to involve SAP technology. 'If this is correct, then the arguments I was making earlier in the year have been vindicated,' said Andreasen.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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