Sentenial and SunGard have developed a SEPA Direct Debit
solution that can centralise direct debit and payment processes
across a corporate’s eurozone network.

Sean Fitzgerald, CEO of Sentenial, said:

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

 “The move to combine SunGard’s AvantGard with Sentenial’s
Origix Corporate is reflective of the increased industry demand for
solutions that completely address the SEPA end-date challenge.”

The two vendors have also investigated the impact that SEPA will
have on corporates’ IT systems and identified the top 10 IT trends
and challenges.

These include the adoption of SEPA Direct Debits, which “could
be an unexpectedly large project for many corporations due to the
many variables involved with implementing and integrating a SEPA
solution with a variety of back-office accounting and CRM
systems.”

Other trends identified by Sentenial and SunGard include a lack
of a dedicated budget for SEPA projects because some corporate do
not realise how complex a migration will be; migrating customer
records to IBAN and sustaining a uniformity in CRM systems, as well
as:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
  • Massive CRM and ERP databases of large creditors. These
    creditors may face challenges in migrating to SEPA due to the bulk
    of data.

    Treasurers’ requirement for a complete mandate management system,
    including one that contains relevant mandate data every time a
    payment needs to be collected.

  • A rising interest in integrated collection and payment hubs
    among corporates to benefit from a single payment standard by
    reducing IT costs and other resources.
  • Using “a small number of cash management banks” to process euro
    transactions and using ISO 20022 messages for automated
    reconciliation.