Last week, PwC released an update to the “SEPA Readiness Thermometer” that it originally developed in January 2013. The first report suggested that 55 percent of companies were at risk of missing the February 1, 2014, deadline for clearing euro-denominated credit transfers and direct debits through Single Euro Payments Area (SEPA)-compliant systems. This time around, PwC surveyed 150 organizations about the state of their readiness for SEPA and found that although some companies are making progress, many are still lagging.082213-PwC-Figure 1

The survey found that 26 percent of respondents do not have in place a project plan for SEPA readiness; that number has not decreased since January. “This number is significant,” states the PwC report, “given the incomplete understanding of what SEPA readiness entails. We observe a widespread inconsistency in scope definition—in particular, for companies that have not planned their readiness activities.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.