Shireburn releases SEPA compliant Payroll

Following rigorous testing in collaboration with local banks, Shireburn was last week given the green light to release the update with the new SEPA compliant features.

SEPA is the European standard for electronic payments and the Shireburn Payroll System (SPS) is now able to effect payments to employees, both locally and internationally, using this format.  Automated SEPA payments have just started being accepted by local banks and all electronic payments across the Euro area must conform to the SEPA format as from February 2014.

This is also the format that is required for new bank customers processing payments electronically.

"Shireburn Payroll's SEPA compliance is yet another example of how responsive and timely Shireburn is in ensuring local businesses can meet evolving business needs and is in line with Shireburn's strategy to lead the market and always provide clients with the best solutions," said John de Giorgio, Managing Director of Shireburn Software. "Thousands of employees are paid using the Shireburn Payroll System and they can rest assured that their employers will be set up to ensure no interruption."

Mr de Giorgio stressed the importance for businesses to begin talks with their respective banks prior to activating the SEPA function in the Shireburn Payroll System, so that they may ensure that all will be in order come the final deadline in February 2014.

The Shireburn Payroll solution forms part of the Shireburn Business Suite (SBS), a robust and integrated business solution encompassing payroll and HR, accounting, inventory, retail, e-commerce, BI and document management solutions amongst others.

More information regarding SEPA can be obtained from:  http://ec.europa.eu/internal_market/payments/sepa/

For more information about the Shireburn Payroll and HR System or other business solutions, contact Shireburn Software on +356 2131 9977 or [email protected].