ZLM Insurance has hired CGI in the Netherlands to deliver support in transiting to Single Euro Payment Area (SEPA). The ICT advisory firm helps the insurance company with the migration to the new SEPA standard and also with the implementation of the new way of working.
Insurance company ZLM has approximate 200,000 customers and a €90 million a year. Around 190 employees are actively working at ZLM Insurance.
CGI is one of the leading management consulting and IT firms in the area of SEPA. It considers itself as a “one-stop-shop for SEPA”, combining a technical SEPA platform for payments and consultancy services. In particular in the area of Direct Debit transactions it has a strong position – CGI technology is used in over 15% of European Direct Debit transactions.
“With the SEPA deadline less than a year away (February 2014, red.), we realised that we needed to act swiftly to ensure that we could migrate all of our Direct Debits and Credit Transfers to SEPA,” says Jan-Kees Adriaanse, Finance Director of ZLM Insurances. “Doing everything in-house was not an option for us. We chose CGI as a partner based on its industry expertise and the ability to provide a comprehensive SEPA platform”.
Garry Young at CGI confirms the partnership between the parties: “We are working with ZLM Insurance to ensure they are ready for SEPA well ahead of the end-date so that they can continue to operate ‘business-as-usual’ post SEPA”. Apart from this, he also warns other financial service providers: “Currently, in the Netherlands only 2.53% of credit transfer transactions have migrated to SEPA. It is clear that the time is ticking and that many institutions run the risk of not being compliant in time”.