Our client, an international company, was spending too much time manually transacting Single Euro Payments Area (SEPA) payments within their SAP environment. SEPA was introduced globally in 2006 to reduce the cost of intra-Euro payments.
Our consultant configured vendor master records for French and Italian vendors with updated payments to reflect the SEPA standards (e.g., in-house credit transfers). Each internal house bank for the EURO countries was tested to ensure payments were applied properly with complete audit trails.
The client now uses any payment method available from SEPA resulting in a significant reduction in manual labor.
