CGI SEPA Services - One Time Migration

Mandate migration as part of preparations for 1st February 2014 SEPA deadline represents a significant challenge for businesses despite implementing SEPA upgrades to their ERP systems.

You will need to convert your legacy mandates into SEPA compliant mandates, including mandatory data elements and use of BIC/IBAN. Failure to comply risks failed collections, penalties, reputational damage and loss of market share.

SEPA migration is complicated and time consuming. ERP vendor upgrades for SEPA are typically not localised for all SEPA countries and do not provide support for BIC/IBAN conversion or services to upload paper mandates. Many corporates do not have access to the relevant SEPA expertise or the in-house IT resources to deal with challenges such as:

• Complex local migration requirements
• BIC and IBAN conversion (and access to up-to-date bank account information)
• Creation of SEPA Unique Mandate References
• Migration of legacy mandates (be it paper or electronic)
• Notifying customers of the move to SEPA and printing SEPA mandate packs.

CGI's One-Time Migration, offers a simple 3-step process that removes the risk of non-compliant data, while our printing and scanning services solve the paper mandate migration challenges.

One-Time Migration – 3 steps to SEPA compliance

One-TimeMigration is easy, simple and quick. It is an automatedmigration process which converts all your legacy direct debit mandates (whether they are paper or electronic) into SEPA compliant direct debit mandates and provides them back to you in an electronic format. Our service offersmore than just a simple BIC/ IBAN conversion; it fully enriches your mandates so you can be confident you are completely SEPA compliant.

Enrichment includes:

• Compliance with local countrymigration specifics across all SEPA countries
• BBAN to IBAN and BIC conversion and validation checks
• Creation of SEPA Unique Mandate Reference (UMR) via a number of options
• Full SEPA Reachability Check: peace of mind through a comprehensive reachability and validation check.We confirm that the debtor bank is a member of the SEPA scheme and you avoid rejected collections and associated bank charges.

One-timemigration is a simple to use file based service. Once your organisation has been configured by our on-boarding team, we follow a simple 3-step process to ensure you are fully SEPA compliant.We also provide solutions to reduce your work load through cost-effective scanning, printing and archiving solutions to reduce your costs of paper migration.

Key Benefits:

• Complements ERP SEPA upgrades
• Fast – 5 day process
• Conversion and enrichment of data from national formats to SEPA format
• BIC/IBAN conversion & validation
• SEPA reachability check
• UMR generation
• Mandate scanning, printing and archiving