âHow to benefit from SEPA: A practical guideâ provides banks and their corporate customers with an accessible reference tool to aid SEPA planning and decision-making. âFor banks and corporates the SEPA initiative will present both opportunities and threatsâ, advise Eiger Systems, the authors. âFor example, there will be opportunities to improve end-to-end (E2E) Straight Through Processing (STP), reduce processing and transaction costs and expand markets. At the same time, system changes are likely to require considerable investment, which must be factored into the decision making process.â
âHow to benefit from SEPA: A practical guideâ begins with a step-by-step guide to evaluating the SEPA initiative. It explains the mandatory changes required by SEPA and considers the potential benefits to be gained by exceeding these requirements.
Next comes a clear and detailed explanation of how to achieve âtrue STPâ in which the authors discuss the business issues affecting the payments process and provide a strong argument for data accuracy at each stage of the payments chain. The guide concludes by providing a useful checklist of ânext stepâ actions.