SEPA: Are You Ready for the Opportunities?

Tue, 01/29/2013

With the 1 February 2014 deadline for single euro payments area (SEPA) adoption by European organisations now just one year away, this article looks at the strategic advantages and process improvements that can be realised by those that move to SEPA.

Adoption of SEPA offers a number of immediate opportunities for enterprises, but firms must move now to achieve them as the 1 February 2014 migration date approaches. For corporate treasurers, the primary short-term benefits will be a reduction in the volume of administration required to manage multiple payment types and formats, as well as the standardisation of customer and supplier payment data brought about by the harmonised single euro payments area (SEPA).

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