Coupa Software, a leader in Business Spend Management (BSM), 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 optimizes treasury processes. The acquisition will extend Coupa’s value within treasury, payments, and working capital processes, strengthening Coupa’s position as a comprehensive and indispensable platform for managing business spend.
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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 organizations 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.”
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