On Tuesday June 19, 2012 the 13^th edition of the congress ‘Future of Payments’ took place. Double Effect was one of the sponsoring partners of this largest payments event in the Netherlands. Also, Dennis Versteeg facilitated a break-out session specifically aimed at corporates who have just started (or are about to start) their SEPA-project, on the following topic: ‘SEPA, driver for cost savings’. 

A short summary:

SEPA requires a substantial investment from both the supply-side and the demand-side of payment products. In 2012 Double Effect interviewed a number of large payers and collectors to determine which, if any, advantages can be achieved from SEPA as well. Furthermore, their experiences with the SEPA-implementation were noted.

Currently, the market is headed for a negative cost scenario of -€42 billion due to the implementation of SEPA. To avoid this negative outlook, corporate organisations need to be far more involved in the development of new SEPA-products and services. For individual companies the advice is to start with SEPA as soon as possible, taking into account the mentioned possibilities for cost savings and the lessons learned/pitfalls experienced by the early adopters. Do make use of the experiences available in the market on SEPA-implementations instead of re-inventing the wheel!

For information on SEPA please download our SEPA brochure or contact Dennis Versteeg or Ashwin Kartaram.

SEPA, the new European standard for all payment transactions in Euro, will become mandatory in the Eurozone on February 1^st 2014. This means that all market parties must have migrated to SEPA at that date; parties not finished yet with their migration will not be able to initiate or receive payments and direct debits in Euro.

SEPA’s impact on corporates is significant and goes much further than ‘only’ the IT-aspects like IBAN and ISO20022. Furthermore SEPA also offers new cost saving possibilities to corporates.

Double Effect has extensive knowledge with executing projects in the areas of payments, cash management and treasury. We are specialised in realising the savings potential offered by SEPA for your organisation.

In this brochure you can read more about our approach to SEPA for corporates and about SEPA’s savings potential.

On June 19 the 13th edition of the annual seminar “Future of Payments” will take place in Amsterdam; for the 3^rd year in row Double Effect is one of the sponsors of this seminar.

This year Double Effect will also host a break-out session: Senior Consultant Dennis Versteeg will facilitate a session focusing on the theme “SEPA, driver for cost savings”. Most corporates view SEPA as a cost driver – is this a valid assumption? Using project experiences by corporates from several sectors this question will be answered.

As one of the sponsors of the seminar, we can provide our relations with a discount on the ticket prices.

Interested? Please contact Dennis Versteeg or Ashwin Kartaram.