Coupa Software has acquired BELLIN Group, with its cloud-based treasury management system (TMS). In a statement, Coupa said the acquisition will ‘extend Coupa’s value within treasury, payments, and working capital processes.’

“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.”