SEPA Converter
Many mid-sized companies are challenged by a difficulty in standardizing their payments, as they are reliant on in-house systems that do not inherently offer the flexibility to easily make alterations as industry standards evolve. Furthermore, they may not have a payment factory, which can facilitate them in meeting evolving requirements.
The AvantGard SEPA Converter is a Web-based utility offered as a Software as a Service (SaaS) model that companies can utilize when cross border payments conversion is required. Using the SEPA Converter, companies can quickly transform cross border Euro payments into cheaper SEPA payments, as needed, helping to reduce bank charges and fees related to international payments.
Features:
- Downloadable payment files and reporting
- Complete workflow for converting cross border Euro payments into SEPA compliant payments
- BBAN/IBAN & BIC validation
- SEPA validation
Benefits:
- Eliminates need to upgrade ERP systems
- Reduced costs related to converting cross border transactions to SEPA
- Conversion of varying payment derivatives for increasing straight-through processing (STP)
- Eliminates need to outsource conversion work to a bank, reducing bank fees
- Decreases risk around payment rejects, reducing bank fees
Video Presentations
-
Andrew Owens, managing director, global payments, SunGard's AvantGard discusses the benefits of the AvantGard SEPA Converter, a software as a service (Saas) based solution for cross border payments conversion.
[Total time 1:47]