SAN MATEO, Calif., June 12, 2020 /PRNewswire/ -- Coupa Software
(NASDAQ: COUP), a leader in Business Spend Management (BSM), today
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.
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."
As an integral part of the Coupa platform and positioned as
Coupa Treasury Management, BELLIN will offer businesses:
- Full cash and liquidity management and forecasting
- Advanced payments capabilities
- Management of cash and liquidity risks and exposures
- Sophisticated intercompany netting
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.
"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 organizational 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."
"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," said
Kevin Permenter, research manager at
IDC. "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."
To learn more about the Coupa BSM Platform, which empowers the
world's most successful organizations with the visibility and
control they need to manage all their spend in one place, visit
https://www.coupa.com/.
About Coupa Software
Coupa empowers companies around the world with the visibility
and control they need to spend smarter and safer. To learn more
about how Coupa can help you spend smarter, visit www.coupa.com.
Read more on the Coupa Blog or follow @Coupa on
Twitter.
Forward-Looking Statements
This release includes forward-looking statements. All statements
other than statements of historical facts, including the proposed
benefits of the acquisition and statements regarding the
capabilities of Coupa and BELLIN following the acquisition, are
forward-looking statements. These forward-looking statements are
based on Coupa's current expectations and projections about future
events and trends that Coupa believes may affect its financial
condition, results of operations, strategy, short- and long-term
business operations and objectives, and financial needs.
These forward-looking statements are subject to a number of
risks, uncertainties and assumptions that may cause actual results
to differ materially, including difficulties with the integration
process or the realization of the benefits of the acquisition.
These and other risks and uncertainties that could affect Coupa's
future results are included under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations," in Coupa's most recently filed Form 10-K or
10-Q filed with the SEC, which is available at investors.coupa.com
and on the SEC's website at www.sec.gov. Further information on
potential risks that could affect actual results will be included
in other filings Coupa makes with the SEC from time to time.
The forward-looking statements in this release reflect Coupa's
expectations as of the date hereof. Coupa undertakes no obligation
to update publicly any forward-looking statements for any reason
after the date of this release to conform these statements to
actual results or to changes in our expectations.
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SOURCE Coupa Software