Business spend management (BSM) firm Coupa Software has announced that it has acquired Bellin Group, a provider of treasury management software (TMS). With a long history in treasury, Bellin’s cloud-based TMS platform is designed to improve visibility and control over cash, and optimise treasury processes. The acquisition will extend Coupa’s value within treasury, payments, and working capital processes, strengthening Coupa’s position as a platform for managing business spend.
"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."
On the Coupa platform, Bellin is to be positioned as Coupa Treasury Management. The solution will offer businesses:
- Full cash and liquidity management and forecasting.
- Payments capabilities.
- Management of cash and liquidity risks and exposures.
- Intercompany netting.
Coupa says that these core treasury capabilities will benefit from access to spend transactions on its platform, opening up more working capital optimisation opportunities and broadening the view of risk across the platform.
"As a corporate treasurer early in my career, I found that the solutions available to treasury professionals were wholly inadequate and not user-friendly," said Martin Bellin, chief executive officer at Bellin Group. "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. 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."
Like this item? Get our Weekly Update newsletter. Subscribe today