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Practical consequences of SEPA - for corporates

Practical consequences of SEPA - for corporates. Increase STP level and eliminate manual services (cheques, faxes etc) Update account payable and account receivable ledgers with correct IBAN and BIC for all suppliers and customers (payments subject for non-STP as of Jan 1, 2007)

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Practical consequences of SEPA - for corporates

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  1. Practical consequences of SEPA- for corporates Increase STP level and eliminate manual services (cheques, faxes etc) Update account payable and account receivable ledgers with correct IBAN and BIC for all suppliers and customers (payments subject for non-STP as of Jan 1, 2007) Potential to prepare the systems in order to use the ”EU Payment-method” (IBAN, BIC, fee type ”share”) Request that customers pay in, using European standards (SEPA payment instruments as opposed to domestic instruments) Continue close dialogue with by system supplier regarding systems support related to the new European payment methods 1

  2. Will SEPA affect YOU? • Being active in the European market, handling payments and collections in EUR, SEK, NOK, GBP…. • YES!!!

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