BELLIN, a supplier of web-based treasury software and services for multinational corporations, banks and the financial sector, has announced that they will be working closely with Kantox, a multinational Fintech company offering foreign currency and risk management solutions, in supporting medium-sized companies in the process of expanding internationally.
SME requirements and solutions
When medium-sized companies move into new markets, they face the challenge of coping with new and increased requirements on their financial dealings and of managing their foreign currency needs. Kantox, Europe’s number foreign currency exchange and FX hedging solutions provider for medium-sized companies, allows CFOs and Treasurers to automate the FX risk management as well as their international payments in a straightforward, secure and affordable manner. BELLIN targets medium-sized companies of all sizes with their Treasury as a Service (TaaS) offering that delivers professional financial management as an outsourced service. With TaaS, medium-sized companies gain access to their worldwide financial status and can outsource group-wide liquidity planning, international payments, account balancing across banks, countries and currencies (cash pooling), or the reconciliation and settlement of intercompany receivables (netting). By combining the BELLIN TaaS offering and the Kantox FX solutions as well as the expertise of two global players in the finance industry, they believe that new opportunities are opened up for medium-sized companies:
- “By teaming up with Kantox, we can now complement our TaaS offering with FX management and hedging,” Martin Bellin, Founder and CEO of BELLIN, explains. “This enables us to provide corporates of all sizes with all the crucial financial data they need as well as financial instruments as a service.”
- Philippe Gelis, Kantox CEO, adds, “By collaborating with BELLIN, we aim to offer medium-sized companies a solution that simplifies the day-to-day work in their finance departments considerably. BELLIN’s TaaS offering supports our customers, as it covers all the different aspects of treasury and gives them access to things normally only large corporations would be able to afford.”
CTMfile take: TMS are increasingly the glue that brings the corporate treasury department operations together both internally and externally.
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