Wednesday 17th June, 2020
Coupa has announced that it has acquired BELLIN Group a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN’s cloud-based TMS platform improves visibility and control over cash and optimises treasury processes.
Based in Ettenheim, Germany, with offices in London, Vancouver, Cambridge, Mass., and Karlsruhe, Germany, BELLIN’s innovative solutions for cash and liquidity management, payments, and financial instruments are used by large and mid-sized organisations globally.
The addition of deep treasury management capabilities to Coupa’s portfolio will enable businesses to gain visibility into, fully manage, and reduce risk across a unified set of spend and liquidity information.
"Treasury can no longer operate as a siloed function as it is an integral part of a company’s spend management strategy," said Rob Bernshteyn, chairman and CEO at Coupa. "The acquisition of BELLIN extends the strategy we’ve already embarked on, to provide financial leaders with a comprehensive view of company spend, company liquidity, and the risks associated with both. I am pleased to welcome Martin Bellin and the BELLIN team to Coupa and look forward to furthering our joint mission of empowering businesses with the visibility and control they need to spend smarter."
"As a corporate treasurer early in my career, I found that the solutions available to treasury professionals were wholly inadequate and not user-friendly. I founded BELLIN to empower financial executives with best-in-class tools to comprehensively manage cash with visibility, control, and agility, and I am proud of what we have achieved so far," said Martin Bellin, chief executive officer at BELLIN Group. "Joining Coupa gives our team the ability to invest further in driving value for Treasury teams, while at the same time, partnering to break down the organisational silos that exist between Treasury and other Finance teams."
BELLIN has received a number of recent accolades, including Treasury Management International’s Innovation and Excellence Award: "Solution Innovation – Fighting Fraud", as well as the Business Worldwide Global Corporate Excellence Award: "Best Treasury Management System for Cross-Border Payments."