Coupa Software (NASDAQ: COUP), a San Mateo, Calif.-based Business Spend Management (BSM) company, acquired Bellin Group, a Ettenheim, Germany-based provider of treasury management software (TMS).
The amount of the deal was not disclosed.
The acquisition will extend Coupa’s value within treasury, payments, and working capital processes, strengthening its position as a comprehensive platform for managing business spend.
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.
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
– Intercompany netting
Led by Martin Bellin, chief executive officer, Bellin provides a cloud-based TMS platform that improves visibility and control over cash and optimizes treasury processes. Its solutions for cash and liquidity management, payments, and financial instruments are used by large and mid-sized organizations globally. The company also has offices in London, Vancouver, Cambridge, Mass., and Karlsruhe, Germany.