Put SEPA to work for your organisation
In terms of rationalisation and centralisation, SEPA has in effect become a great enabler. Many businesses are reviewing their account structures and considering what operational gains can be put in place. Companies have for some time been able to globally, regionally and domestically centralise their liquidity using a wide range of tools, such as zero-balancing and cross border sweeping. But what SEPA, and the XML data format in particular, has brought is standardisation. This gives corporates the opportunity to more readily explore the centralising, rationalising and streamlining of their accounts payable (AP) and accounts receivable (AR) processes – even combining these with their existing liquidity structure.