Most companies have not been capturing and validating BIC and IBAN details for their suppliers in Europe.
Bottomline will clean up and, where required, populate your vendor database so you can start afresh knowing that you have the right data records for STP payments in SEPA.
Provide us with the existing details you have for your current European vendors or other payment beneficiaries. We will check your records and validate any existing BIC or IBAN fields. For the records that are missing or incorrect we will contact the beneficiary and confirm their BIC and IBAN details, validate them and then provide you a completed and accurate database. Let our multilingual contacts team chase down the right information.
- Deliver the benefits of SEPA faster than by updating records when used
- Correct data at its source, before the point at which it is used
- Update records more cost-effectively than after a failed payment
- Allow treasury and payables teams to focus on their value adding activities
- Remove requirement for additional internal resources to action
- Overcome language problems in updating an organisation’s records
- Update records database just once
- Eliminate the need for re-keying
- Enjoy a visible ROI and manage change simply
- Kick starts your SEPA compliance and saving
Click here to request more information
