Use the opportunities of the SEPA payment system:

• Update the data for your business partners in Europe with their IBAN (International Bank Account Number) and BIC (Bank Identifier Code). Support is offered by the IBAN-Tool from SIX Interbank-Clearing.
• Make sure that the IBAN and BIC appear on your invoice.
• Find out from your software provider how it will be affected by the changes for SEPA.
• Work out if there are areas where you can enhance efficiency and check how the reference field and structured details of reason for payment can be used for all stages from invoice issuing through to account reconciliation.
• Check whether you can consolidate all your account management activities for your euro payments in one account.