Dec 17, 2013

Why you are not worried about SEPA and IBANs

I have been scratching my head about the concerns of the upcoming SEPA and IBAN conversion deadline. Although the deadline, February 1st, 2014, is quickly approaching, a large number of attendees to a recent Winshuttle Webinar  revealed that they have yet to put their final SEPA and IBAN conversion in place for use with SAP. The reality is that for the majority of European businesses this is a non-issue, because they simply still don’t use electronic banking transfers often or have already made the switch. In previous posts about readiness and how to cope,  I highlighted that there were a… Read more

Feb 8, 2013

SEPA, SAP and Winshuttle

Companies in the Euro zone will soon be hitting the EU regulatory D-Day of the Single Euro Payments Area (SEPA). If you’re an existing SAP and possibly Winshuttle customer, you are likely wondering how you’ll meet the deadline in time. Where do you start with your effort and what can you do about making payments after 01 February 2014 if your SEPA initiative is incomplete? First off, you’ll need to understand that SEPA is not an IT project. It has much deeper ramifications for your finance department, cash flow and relations with your business partners. From a pure banking perspective… Read more