SEPA is also about Corporate-To-Bank (C2B)

In the financial institution space SEPA schemas and ISO20022 are already known and widely implemented. But SEPA is not only about bank-to-bank transactions, corporates also have to comply.
In fact looking back to the starting point of the SEPA initiative in 2004, SEPA was referring to the entire life-cycle from ordering customer to beneficiary: “An area where citizens, companies and others will be able to make and receive payments in euro, within Europe, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of their location.” - European Payments Council Roadmap.

Having these facts on the table, the race to reach SEPA compliance is on, yet many companies/corporates have barely begun, never mind having fully SEPA-compliant payments in place, for corporate-to-bank connectivity. Migrating to SEPA brings many different challenges for a corporate. Supporting the right data formats is one. Corporates need to check whether their systems are capable of processing the necessary SEPA formats (cash management - CAMT and payments initiation - PAIN messages).

Allevo offers the solution to help you reach the SEPA deadline, no matter if you are a corporate or a bank. It helps you accommodate the market regulations and standards as fast and efficient as possible, so act now!