SEPA Plan C: drive centralised receivables across the region
by Kylene Casanova
We are starting to see many more articles on how go beyond just SEPA compliance. There are great riches from moving to SEPA, if you can release them.
In an article in gtnews (13 October 2013) Citi’s EMEA Payments and Receivables Market Manager - Carin Ly, showed how SEPA can be a catalyst for re-engineering cash management structures and using strategically centralised receivables management to make significant efficiency improvements.
It will be possible to move from in-country to multi-country solutions because there will be a single SDD solution which will, eventually, be the same across 33 countries. She argues that SEPA represents an opportunity to change collection practices and move to the ‘right framework for AR centralisation’. Ly urges that corporates to use SEPA as an opportunity to drive centralised receivables in the SEPA region.
Read more in the full article - recommended - here.
Centralisation is one of the big ‘C’s in exploiting SEPA after 1 February 2013.
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