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10.10.2016

Bank Austria is supplying corporate customers with the world's leading web-based treasury software

  • Bank Austria becomes a sales partner of BELLIN, the world's leading supplier of web-based treasury software, with effect from October 2016
  • The tm5 system facilitates global treasury networking, thus substantially reducing the costs for internationally operating companies
  • This includes liquidity management, interest, FX- and commodities business, intercompany reconciliation and netting, as well as proactive receivables management in a web-based system
  • BELLIN, a FinTech start-up, is growing annually by 20 per cent and already has 370 groups worldwide as customers - from the USA to Japan and from Sweden to South Africa

"As the clear market leader in supporting multinational companies in Austria, we also believe it is our task to offer our customers innovative solutions which make it easier for them to conduct their business more effectively in a global competitive Environment", says Dieter Hengl, Member of the Management Board for Corporate & Investment Banking at Bank Austria. "I am therefore delighted that we can offer our customers the innovative treasury systems from BELLIN for the first time."

tm5 system – worldwide web-based treasury networking
The tm5 web-based system from BELLIN enables internationally operating companies to globally network the treasury and thereby substantially reduce the expense involved in data recording. Especially for multinational groups, efficient management of their liquidity is extremely important. Once it has been purchased, tm5 enables all group companies to make full use of the system without any additional costs.

In addition to cash management, tm5 can handle interest, FX- and commodity transactions, as well as guarantees and letters of credit in order to optimise the risk management strategy of an entire group of companies. tm5 can also automatically reconcile intercompany invoices and therefore condense every invoice from every company into one payment per company in order to significantly reduce the costs and complexity of intercompany transactions.

Finally, tm5 enables companies to collect and optimise all receivables more quickly throughout the group.

Austria a core market for BELLIN
Austria has been a core market since the establishment of BELLIN and will also continue to play a very important role in the future. “Austria is both a core market and a future market for BELLIN. We have acquired a strong partner in Bank Austria. We will jointly implement our strategy in order to gain new customers not only in Austria, but also throughout the entire region”, says Michael Juen, Managing Director of BELLIN.

About BELLIN
BELLIN is a world leading supplier of web-based treasury software and services for multinational enterprises. Founded by a treasurer and based on the know-how of more than 135 treasury experts, BELLIN has continually been thinking outside the box since 1998.
The tm5 software, winner of the FinTech Innovation Award in 2015 as the best treasury management system, covers every functionality in corporate treasury and provides an overview of group finances - both on a mobile basis and in real time - at the click of a mouse. More than 15,000 companies with 25,000 users in 150 countries are now already greatly impressed by BELLIN solutions for liquidity, financial risks, worldwide payments, netting and risk management, as well as the integrated BELLIN SWIFT service, SaaS/hosting or Treasury as a Service (TaaS).

 Tables (PDF; 96 KB)

Enquiries: UniCredit Bank Austria Press Office
Volker Moser, Tel.: +43 (0) 5 05 05-52854;
E-mail: volker.moser@unicreditgroup.at