Treasurers who do business in Europe must be aware that the deadline for compliance with Single Euro Payments Area (SEPA) regulations is fast approaching. What may be less obvious, however, is that the changes SEPA requires in a company's handling of credit transfers and direct debits present an excellent opportunity to improve processes throughout the accounts receivable (A/R) function. Some Eurozone businesses that handle a large number of transactions are leveraging SEPA compliance activities to achieve big boosts in efficiency.
One company taking this approach is Carphone Warehouse, Europe's largest mobile phone retailer, which has more than 2,000 stores and millions of mobile service subscribers. As part of its SEPA compliance activities, Carphone Warehouse has completely automated direct-debit management and streamlined much of the back-end processing of information going into and coming out of its core enterprise resource planning (ERP) systems. Treasury & Risk spoke with Kerry Lebel, senior director of product marketing for Automic, who helped the mobile phone retailer automate its payment-collection processes.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
