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SEPA Why Offer (Bank Rationalisation (Disparate Systems & Processes…
SEPA Why Offer
Bank Rationalisation
Disparate Systems & Processes
Utilisation Of Tech & ERP Investment
Standardisation Of Processes & Partners
Lack Of Visibility Of Cash Flow
Simplified Treasury Management
Complex routing & Approval process
Cost Reduction via few relationship & A/Cs
Consolidated reporting
Lack Of Standardisation
Enhanced Visibility Across AP & AR
Security & Audit Compliance
Enhanced Control
Account Centralisation
Local Process Requirement (file generation/local accounting)
Tax Authority processes
Relationship with buyers and suppliers
Local Instrument Usage (Cheque/cash)
Non resident setup
Account Consolidation
Legal & Tax Implication
Setup requirement (In-house bank/tech/accounting)
Process Sophistication - Recon Complexity