Why Coupa Software (COUP) Is Buying Treasury Management Company BELLIN Group

By Amit Chowdhry ● June 16, 2020
  • Business spend management giant Coupa Software Inc (NASDAQ: COUP) recently announced it is buying BELLIN Group. These are the details.

Business spend management giant Coupa Software Inc (NASDAQ: COUP) recently announced it is buying BELLIN Group. What is BELLIN Group? It is a leading provider of treasury management software (TMS).

BELLIN’s cloud-based TMS platform is known for improving the visibility and control over cash and optimizes treasury processes. And this acquisition will extend Coupa’s value within treasury, payments, and working capital processes. Plus this will strengthen Coupa’s position as a comprehensive and indispensable platform for managing business spend.

Based out of Ettenheim, Germany and with offices in London, Vancouver, Cambridge, Mass., and Karlsruhe, Germany, BELLIN’s solutions for cash and liquidity management, payments, and financial instruments are used by large and mid-sized organizations around the world. And 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.”

By integrating with the Coupa platform, BELLIN will offer businesses full cash and liquidity management and forecasting. And it will also offer advanced payments capabilities and management of cash and liquidity risks and exposures. Plus it will also offer sophisticated intercompany netting. And these core treasury capabilities will benefit from access to spend transactions in Coupa, opening up more working capital optimization opportunities, and broadening the view of risk across the platform.

Key Quotes:

“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. 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 organizational silos that exist between Treasury and other Finance teams.”

– Martin Bellin, chief executive officer at BELLIN Group

“In today’s economic environment, getting Procurement, Accounts Payable, and Treasury teams to share a unified view of spend and liquidity is a top agenda item for finance leaders. With this acquisition, Coupa continues to bring innovation and synergies across all areas of its Business Spend Management platform to control spend, optimize cash, maximize working capital, reduce risk, and remove functional silos within companies.”

– Kevin Permenter, research manager at IDC