The SEPA regulation issued by the European Union (EU) ensures that the business partner data of SAP Business One has to lend a hand.
In the recent past, there was still a threat on the horizon that SEPA adjustments would have to be made manually in SAP Business One, but now it looks as if the all-clear can be given. The following should be completed by 01 February 2014.
- Adaptation of SAP Business One and your payment transaction applications to the new SEPA payment schemes
- Change the details on your business documents to include your IBAN and BIC
- Entry of IBAN and BIC of your customers and business partners in your accounting system
- Use of SEPA direct debit mandates instead of the previous direct debit authorisation
It is expected that next week the topic of IBAN a solution.
There are a number of places on the Internet where you can find out what else is involved in the SEPA changeover, regardless of SAP Business One.
© 2013 | Versino Projects GmbH
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