The migration of the existing legacy payments infrastructure is a difficult task for both banks and corporates, but good preparation and thorough execution of the migration project will enable corporates to greatly benefit from SEPA.
As well as being essential, SEPA will improve German corporates efficiency, lower costs and allow easier access to new markets by lowering barriers.
Banks such as Societe Generale have a major role to play in facilitating the upcoming SEPA transformation; however, the bank is also undertaking an internal transformation which will enhance its ability to meet the pan-European needs of its customers.
To what extent are companies able to leverage SEPA, and which major areas require attention for a successful SEPA project? The Editor speaks to several experts and corporates in search of an answer.
Many treasurers will read another article about SEPA and wonder “why do we need to be told so many times?” The reason is that not everyone has heard, and even fewer have listened.
By February 2014, organisations in the Eurozone will need to have migrated from existing payment instruments to SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD). Consequently, theoretical discussions must now be transformed into practical projects: the issue is no longer when to migrate to …
The use of direct debits is a fundamental part of UTA's business model, and a uniform B2B direct debit scheme across the entire SEPA area will open up brand new opportunities for the company.