Bulgaria is moving closer to joining the eurozone after two convergence reports – from the European Commission and the ECB – published on June 4 confirmed that our country meets all the criteria for joining on January 1, 2026.

This development requires that any software system that accounts for funds in Bulgarian levs be redesigned when switching to the euro as the main currency.

Enterprise resource planning (ERP) software will be affected by the introduction of the euro in Bulgaria and will require mandatory reconfiguration.

The extent of the change depends on how integrated a system is into business process management.

Approaches to adaptation in Oracle NetSuite

The Balkan Services team, with extensive experience and expertise in implementing the Oracle NetSuite cloud ERP solution, has developed a systematic and practical approach to supporting its customers throughout the software adaptation process, including the upcoming transition to the euro in Bulgaria.

Our specialists rigorously analyse the specifics of each company, such as company structure, organisational processes, reporting requirements, and accounting standards applied, to offer the most appropriate solution for euro conversion within the NetSuite cloud ERP system.

Depending on the specific business organisation and accounting policies used, we have identified two main approaches for implementing the conversion to the euro in NetSuite:

  • Creating a new accounting book

  • Creating new companies in the system

Both approaches ensure a smooth transition to the euro, with complete preservation of historical information in the system and the ability to perform comparative analysis of data with previous periods.

This enables companies to perform queries, analyses and data consolidation for both current and previous periods without compromising the accuracy or integrity of the information.

‘Our goal is not just the technical implementation of the euro conversion, but to provide comprehensive support tailored to the specific functionalities of each of our customers,’ summarised Mariana Koleva, Head of NetSuite ERP and Partner at Balkan Services.

Ready for the next step

While the software industry is busy preparing for the transition to the euro, Balkan Services is already one step ahead. Our team has the necessary experience and solutions not only for this transition, but also for comprehensive ERP implementations that respond to the dynamics of the business environment.

The company works with organisations seeking sustainable growth and digital transformation in line with new regulatory and economic realities.

If you plan to adopt the euro with Oracle NetSuite, please contact us to discuss how we can assist you.