by Gilbert Labbe, President of the SEPA Commission, AFTE, and Head of the Treasury and Subsidiaries Financing Department, EDF, and Willem Dokkum, Global Head of Sales Payments & Cash Management, ING
Electricité de France (EDF) was an early adopter of SEPA Credit Transfers (SCT), having made the decision to migrate in 2008. This article explores EDF’s migration experiences, project outcomes and gives advice to corporates that are planning their migration.
The decision to migrate
The decision to migrate was not a difficult one for us at EDF, as we recognised the value of harmonisation and standardisation, and by reducing costs and streamlining processes, we could become more competitive. Furthermore, as President of the SEPA commission of the AFTE (French Association of Corporate Treasurers), I wanted EDF to be a pioneer for SEPA in France and set a good example.