BankersAccuity to attend EuroFinance to help corporates better prepare for SEPA implementation as deadline looms
BankersAccuity, the global standard for payment efficiency and compliance solutions, today announced their attendance at the EuroFinance Countdown to SEPA event in Frankfurt.
With 327 days until SEPA comes into effect, the conference will bring together treasury management, finance, IT experts, corporate treasurers and service providers to share experiences and solutions as the 2014 deadline approaches. This conference will help project teams better understand the needs of corporate clients, discover how to overcome complex issues such as direct debits, XML, and data and system changes, and meet with SEPA solution providers.
Malcolm Taylor, Global Head of Corporate Development, said: “SEPA compliant standards involve the decommissioning of 17 existing national payment systems to create one European-wide ACH system for euro transfers. While the February 2014 deadline may seem a long way off, SEPA project teams should be committing now to do the work necessary to become compliant in time, in order to avoid the expensive pain of increased costs and payment delays. The current speed of corporates to migrate to SEPA is proving slow, with only 6% fully migrated and almost 49% of professionals not started. Our solution is a one-stop solution to become SEPA compliant.”
BankersAccuity’s solution, IBAN Complete is uniquely able to deliver high-quality data for banks and corporates to ensure the accuracy of the IBAN conversion and validation process. As banks and corporate customers continue to prepare for SEPA, BankersAccuity’s solution will continue to address IBAN payment and SEPA compliance issues.