SEPA Request-to-Pay (SRTP) offers a comprehensive approach to streamline and secure the invoicing process across the SEPA region.

Key Benefits of SEPA Request-to-Pay Invoicing:

• Versatile Invoicing Solutions: SRTP handles both one-off and recurring invoices without the need for a mandate process. It converts traditional paper and email invoices into efficient e-invoices, simplifying the invoicing workflow.
• Enhanced Fraud Control: By requiring all invoice senders to pass through a rigorous Know Your Customer (KYC) process, SRTP significantly reduces the risk of invoice fraud, ensuring a secure transaction environment.
• Unified B2C and B2B Invoicing: SRTP provides a unified solution for both Business-to-Consumer (B2C) and Business-to-Business (B2B) invoicing, operating seamlessly across borders within the SEPA region.
• Real-Time Invoice Status Information: The system offers real-time status updates on invoice delivery and approval, enabling businesses to automate and optimize their invoice processing.
• Automated Payment Reconciliation: SRTP supports fully automated payment reconciliation, including cross-border transactions, ensuring accuracy and efficiency in financial management.
• New Revenue Opportunities: By offering due date extension services, businesses can generate new revenue streams while strengthening relationships with corporate customers through improved working capital management.

Embrace the future of invoicing with Pinecone’s SEPA Request-to-Pay solution, and experience the benefits of streamlined processes, enhanced security, and increased revenue potential. We have also proposed a scheme change to incorporate structured invoice and receipt data in PEPPOL format, enhancing data consistency and interoperability.