On the 1st of February 2014 the next stage of the Single Euro Payments Area (SEPA 2014) process will come into effect, creating a common method of processing electronic credit transfers, payments and direct debits in 27 EU member states and Monaco, Switzerland, Liechtenstein, Iceland and Norway.
Payment costs will reduce and there will be greater certainty about the timing and delivery of payments, making it easier for companies in Europe to trade across the continent. e-Payment and e-invoicing developments such as this, and the growing popularity of procurement cards, all contribute to the migration online of procurement and sourcing.
Read more:
Trends in eSourcing I: Easy does it with usability and user adoption
Trends in eSourcing II: Project management empowering modern procurement professionals
Trends in e-Sourcing III: Plugging the hole of indirect spend
Trends in eSourcing IV: Affordability – making your time and money count
