Treasury News Network

Learn & Share the latest News & Analysis in Corporate Treasury

  1. Home
  2. Payments - Receipts
  3. SEPA Payment Structure & Services

SEPA - the 4C Plan for after February 1st, 2014

After things have settled down after 1st February 2014, and your collections and payments are compliant and running smoothly (it will take a while), what do you do next to fully exploit the strategic opportunities presented by SEPA? Ideas from Eurofinance Barcelona included developing a step-by-step 4C Plan to:

  • centralised your payments and collections wherever possible into a single Shared Service Centre 
  • continue to standardise and adopt the ISO 20022 XML standards and move to e-mandates when and where you can
  • consolidate bank accounts and bank relationships, aiming for the nirvana of one or two across the SEPA region
  • control improvements need to include more cash visibility, removal of local units control over the payment and collection process. 

SEPA is a revolution about to happen.

Like this item? Get our Weekly Update newsletter. Subscribe today

Add a comment

New comment submissions are moderated.