European Payments & Collections
Mapping the next steps for change
The SEPA compliance process has forced companies to create a definitive list of all their Eurozone payment and collection processes and the counterparties involved, probably for the first time. They now have a centralised record of all their banks, bank accounts and customer data. They have had to upgrade their ERP systems to store this information and use it in the more efficient SEPA environment. And in being forced to use best practice standards and protocols to overcome the many issues created by country-specific difference, they have seen how to streamline their operations and improve their systems.
Many treasurers are still too busy ironing out problems to see the bigger picture. But this data aggregation is the seed of a profound and wide-ranging rationalisation of IT, banking, dispersed treasury infrastructure, staffing and processes. It reveals the inefficiencies in basic processes, in banking, in liquidity management and AP/AR that treasurers have been able to patch up and work around for years.
As SEPA implementations are fine-tuned, the huge post-migration opportunities will become clearer and more urgent. Treasurers, even those who have only had to deal with SEPA from outside the Eurozone, will look back on it as the trigger for the reforms that they may have been putting off for years.
So what are those improvements? What are their costs and benefits? And how should treasurers prioritise them? At this event we will focus on the practical details of maximising the benefits of existing SEPA compliance, the additional strategic opportunities that treasurers must take advantage of and the steps they need to take to prepare for the next wave of SEPA initiatives.
The agenda is built upon the ongoing research we are undertaking within our European Payments peer group and this will ensure that the topics covered are both relevant and timely.
- Improving the basic SEPA processes
- Overcoming the problems that remain
- Payment/collection factories, SSCs and outsourcing
- SEPA – catalyst for the Cloud
- Tough choices in bank rationalisation
- SEPA goes global: XML, CGI, e-mandates
- Virtual accounting makes a comeback
- Next hurdles: Niche waivers, credit cards, real-time payments
Who should attend?
Members of corporate SEPA and payments teams from treasury, cash management, accounts payable, accounts receivable, finance and IT.
European payments solution providers who want to meet with and better understand the needs of corporate treasurers.