Activate SEPA Payments in the Dutch Version

To submit vendor payments electronically in Single Euro Payments Area (SEPA) ISO 20022 payment format, you must set up prerequisites for enabling SEPA payments in your company.

The following procedures describe how to set up SEPA payments, including how to modify the setup for specific vendors.

To enable countries/regions for SEPA

Choose the icon, enter Countries/Regions, and then choose the related link.
Choose the Edit List action.
Select the SEPA Allowed check box for each country or region that you want to enable for SEPA.
Choose the OK button.

To enable bank accounts for SEPA

Choose the icon, enter Bank Accounts, and then choose the related link.
Select the bank account that you want to enable for SEPA, and then choose the Edit action.
On the General FastTab, in the Country/Region Code field, select the appropriate code.

Note

The specified country/region code must be enabled for SEPA as described in the previous procedure.
Enter a value in the Min. Balance field.
On the Transfer FastTab, in the SWIFT Code field, enter a code.
Choose the OK button.

To set up a SEPA ISO 20022 export protocol

Choose the icon, enter Export Protocols, and then choose the related link.
On the Export Protocols page, choose the New action.
Fill in the fields. Hover over a field to read a short description.
Choose the OK button.

To set up vendor bank accounts for SEPA

Choose the icon, enter Vendors, and then choose the related link.
Select the relevant vendor, and then choose the Bank Accounts action.
Select the vendor bank account to set up for SEPA, and then choose the Edit action.
On the Transfer FastTab, in the IBAN and SWIFT Code fields, enter the international bank identifier code of the bank where the vendor has the account.
Choose the OK button.

To enable transaction modes for SEPA

Choose the icon, enter Transaction Modes, and then choose the related link.
Select the transaction mode that you want to enable for SEPA, and then choose the Edit action.
On the Transaction Mode Card page, on the Paym. Proposal FastTab, in the Export Protocol field, select the SEPA export protocol that you have created, such as SEPA ISO20022.
Choose the OK button.

To verify vendor payment transaction modes for SEPA

Choose the icon, enter Vendors, and then choose the related link.
Select the vendor that you want to verify the transaction mode for, and then choose the View action.
On the Payments FastTab, in the Transaction Mode Code field, verify that the vendor payment transaction mode is one that has been enabled for SEPA.
Choose the OK button.