Since two weeks CORE Process is a member of a new exciting community: The California-based business spend management platform provider Coupa Software.
No, we have not been acquired. But Coupa Software announced on the 12th of June that they had acquired BELLIN Group – of which CORE Process is the Nordic distributor. BELLIN’s Treasury Management System tm5 is an award-winning and innovative TMS used by mid-sized and large organisations globally. Being a part of Coupa Software definitely opens up new doors and possibilities, not least for our users.
Coupa Software who?
You might not have heard of Coupa, as it is not a giant of Microsoft’s magnitude. But they do have muscles. Its total revenues 2020 were near 400 million dollars. Above all, they have a very interesting platform within source-to-pay and spend management. By adding the most dynamic, transparent and user-friendly treasury management system, tm5, to their offer, we will be able to break down the organisational silos that exists between treasury and other finance teams.
Positive for the Nordic market
This is very exciting, as the need for this is urgent and will be very beneficial and profitable for business – not least in the Nordic markets where, by my opinion, these silos still are numerous and strong. So, I am convinced that the Coupa acquisition of BELLIN is very positive for the Nordic market. Coupa acquired BELLIN with the ambition to develop, integrate and broaden their offer and to open up more possibilities for their users. In the end it is you as a user and treasurer that will benefit of this.
A strong business
I am happy to represent such a strong business as BELLIN. Being a part of Coupa Software BELLIN will strengthen its position on the market even further. I firmly believe that BELLIN, as a business unit within Coupa, will soon be the world leading TMS-provider for mid-sized and large international corporates. And that is good news for all users of BELLIN tm5.
With this brilliant news I wish you a wonderful and recovering summer vacation. Take care and keep physical (but not social) distance!