EZYcount ISO 20022 Ready – all you need to know

The payment system is changing in Switzerland. The new regulation "ISO 20022" is pushed forward by all the banks. In this article, we will look at what does this mean to you and what you need to do to have a smooth transition with your accounting system.

EZYcount is ready for the new Swiss payment system or technically : ISO 20022 Ready

We are happy to announce that EZYcount and EZYinvoice are both ISO 20022 ready or simply said ready for the new payment system.

In this article you will find:
1) Informations about the new Swiss payment system
2) Changes on my IT and way of working
3) What you need to do if you are a customer of EZYcount or EZYinvoice

Informations : Changes to the new Swiss payment system

The Swiss interbank system is migrating to the new norms ISO 20022 - an international norm. It define how banks talk to each others. For example, when you send money from your Postfinance account to your BCVs account, Postfinance send this information to BCVs in a specific way or language. The current migration evolves all Swiss bank to the new norm (grammar) ISO 20022.

The issue is that if your accounting programm is not ready for the new norm, it will not be able to communicate efficiently with the bank after the migration.

Do not hesitate to contact the team, who develop your accounting system and ask them if you need to do something. Your bank can also support you during that process.

Changes on my IT and way of working

All communication between bank such as payment information and account statement are changing to the new norm ISO 20022. All these document will be newly XML document with more data.

If you currently use DTA files or MT940 files, you need to change and start using PAIN and CAMT files.

Daily use should stay exactly the same as before the migration if you have a good system.

What you need to do if you are a customer of EZYcount and EZYinvoice

For EZYcount and EZYinvoice customers, your solutions are already ISO 20022 ready. They also accept the "old" files.

You can simply contact your bank and ask them to send you the new files instead of the old ones.

You don't need to do anything to accept the new format. EZYcount and EZYinvoice are already up-to-date. Easy, no?

Do you want to know more about EZYcount and EZYinvoice

EZYcount is the easiest Swiss online accounting solution. Have the possibility to link your bank account to your accounting so that transactions find their way to your accounting quickly. To save time now, go to  https://app.ezycount.ch

EZYinvoice is the fastest Swiss online invoicing system. In a couple of minutes, you create professional and beautiful invoices, which you can send per email with ISR (BVR). Try now https://www.ezyfacture.ch

Move to the next level with EZYcount and EZYinvoice.

You want to know more about EZYcount, EZYinvoice or our premier support? Contact Vivien per email : vivien@ezycount.ch

Vivien Fuhrer

Vivien is EZYcount and EZYinvoice co-founder. He has many years of experience in accounting as financial director. Vivien is passionate about new technologies and how these can simplify our lives. He also enjoys hiking and surfing🏄.