Interview with founder and CEO Martin Bellin

Written by Online editor on . Posted in Treasury & Tax Management

CEO Insight: How does BELLIN champion innovation in treasury? Why is this such a key value to you?

Martin Bellin: BELLIN is not a software company in the traditional sense. We’re first and foremost treasury experts who try to find solutions for treasurers based on our knowledge of treasury and the market. We’re essentially a treasury company who can also do IT. This in turn means that we always keep pace with the latest developments and trends so we can anticipate what customers need even before they are aware of it. Market conditions can change quickly, so we champion a responsive culture; we stay open-minded and flexible and therefore always ahead of the curve.

We’re not satisfied until we have produced and delivered what our clients need. Imagine for example banks would suddenly decide to harmonise all global payments. We would be in a position to quickly offer a plug and play solution as our software is already standardised and will be ready to go before the market picks up the trend. The world of treasury is complex. The world of finance is complex. And the world in general is complex. Our aim is to reduce this complexity as much as possible for the benefit of our client base. To achieve that we need to think differently and always look for new ways to enhance treasury. We need to find solutions to problems before they occur. 

New Avenues for the Future of Treasury

Written by Martin Bellin on . Posted in Treasury & Tax Management

The world of business is expanding, corporations of all sizes are becoming more international and treasury is playing an increasing role in corporate finance. Much of this newly-gained clout is owed to the way in which corporate treasurers’ core responsibilities have been at the heart of many global developments in the last few decades, including globalisation and the resulting international trade relationships. Not to forget the financial crises that put the spotlight on things like liquidity and risk – essentially the bread and butter of any treasurer’s daily business.

The treasury function ensures that a business has sufficient liquidity to meet its obligations and manages payments, receipts and financial risks. Treasurers today are strategic business partners across all business areas, adding value to the operating divisions. So while treasurers are more valuable assets to their companies than ever before, it would be a mistake to rest on these laurels and to neglect anticipating what is to come. Corporate treasury is sure to face new challenges in the next few decades, and the way to tackle them is to always remain one step ahead. At BELLIN, we are dedicated and motivated to building revolutionary treasury solutions and we are committed to being leaders, to remaining curious and flexible. Our Avant-garde approach has led us to succeed at being at the forefront of treasury advancement and efficiency. But where are we headed now? Where is treasury headed? 

The Rise of Tax Technology: How Tax Can Optimise its Investment in Cloud Solutions

Written by Jennifer Kurtz, Chief Technology Officer, Vertex Inc on . Posted in Treasury & Tax Management

As new tax rules proliferate and governments call on companies to demonstrate greater tax transparency, corporate tax functions need to strengthen their tax determination, tax data management and tax reporting capabilities. This need drives more chief tax officers to weigh investments in cloud-based tax technology solutions. Getting the highest returns on cloud tax technology requires mutual understanding between information technology (IT) and tax, a strong business case and a careful approach to evaluating vendors. When it comes to investing in cloud technology, it’s time for tax professionals to understand the value these solutions can provide to their organisations.

In recent years, automation software and related applications have gobbled up a growing portion of enterprise cloud technology investments. However, increasing tax compliance complexity along with a growing global demand for higher levels of tax transparency are driving the need for more sophisticated, cloud-based technology within tax functions. As tax ascends the technology investment pecking order, it is important for chief tax officers (CTOs), chief information officers (CIOs) and other organisational leaders to recognise what drives the need for more robust tax technology and how tax and IT should collaborate to make the best investment decision.

The Price of Decoupling: An Initial Look at Brexit’s Potential Tax Implication

Written by George L. Salis on . Posted in Treasury & Tax Management

Anxious hand-wringing over the future of international trade has been rampant since the United Kingdom voted in June 2016 to leave the European Union. Although at this point it appears the UK will not abandon its international obligations, it will need to amend its tax laws to avoid exposing UK-headquartered multinational enterprises (MNEs) to competitive disadvantages. While it’s no secret that British Prime Minister Theresa May did not support the Leave Campaign, she intends to follow through with voters’ demands to leave the EU — “Brexit means Brexit,” she has said. Because there is no model for a member state to leave the EU, uncertainty prevails over when and how that will occur.

Brexit is Just a Notice to Quit — For Now
The process to exit the EU won’t begin until the British government initiates the process under Article 50 of the Treaty on European Union (TEU). Article 50(1) does not specify conditions for a withdrawal, but it does note that, if a negotiated move does not take place within two years, EU membership ceases automatically for the departing member state. Many experts believe it will take much longer and require highly complicated regional (supra-national) and international multi-layered economic and legal deliberations.

Sustainable Treasury Thanks to kpis

Written by Nancy Bredin on . Posted in Treasury & Tax Management

Treasury management system implementations introduce efficiencies to your organisation’s treasury operations and encourage your team to think proactively about future improvements that can be made. At the moment, you may be at the beginning, in the middle, or already at the end of your treasury system implementation. Whatever stage you are at, the implementation can re-shape your treasury department moving forward. Apart from the obvious operational changes that a treasury system brings, participating in a treasury system implementation should be an empowering experience for your treasury team.

After all, moving from a manual Excel-based workflow to a treasury management system that centralises data, Load Balances work and introduces automation, is an impressive achievement. Importantly, the benefits gained from implementing a treasury system do not need to end after the implementation is completed. Rather, significant insights from the treasury system only become available after the implementation is complete. Formalised workflows performed in the treasury management system increase transparency on treasury’s responsibilities. Transparent treasury operations coupled with the information collected within the treasury management system, allow the tracking of Key Performance Indicators (KPIs), which provide direct feedback on treasury’s performance. Results from KPI analysis then drive key strategic decisions that further improve treasury’s performance.

BELLIN: Two-Fold Approach to Strategic Treasury

Written by Beate Haumesser on . Posted in Treasury & Tax Management

Founded by a treasurer and built on the expertise of over 100 experts, BELLIN has been exceeding expectations since 1998, always thinking one step ahead. In a rapidly evolving regulatory and political environment, a solid working capital management strategy as well as technology and advisory partners that add significant value and flexibility are critical to those treasury offices that add value to other parts of the business. BELLIN aims to make a fundamental difference in the world of corporate finance and searches for the next great idea and the next great technology to delight multinational organizations.  With the fully integrated, web-based software tm5 as the centerpiece, BELLIN offers solutions for all corporate treasury requirements: be it in-house banking, global payments, cash management; netting, risk and receivables management or trade finance, topped off by services such as Treasury as a Service (TaaS), BELLIN SWIFT Service or BELLIN Matching Service. 

 

 


The Perfect Storm Around Global Tax Planning Risk:

Written by Henry Martin on . Posted in Treasury & Tax Management

How the Right Technology and Effective Planning Can Keep You Afloat

Global tax planning has never been smooth sailing, but it is arguably one of the most value-added functions performed by tax departments in multinational enterprises (MNEs). Recent shifts in international fiscal and tax policy, such as Brexit, EU State Aid investigations, and the OECD Base Erosion and Profit Shifting (BEPS) Actions, will have potentially long-lasting impacts on the global economy and trade. Each one of these on its own is momentous enough to have a profound effect on foreign direct investment, trade, banking, corporate taxation, and the exchange of tax information between jurisdictions; considered together, however, their impact is exponentially greater.

Vertex Inc. The leader in global tax technology.

Written by Tricia Schafer-Petrecz from Vertex on . Posted in Treasury & Tax Management

Vertex is the leading and most trusted provider of comprehensive, integrated tax technology solutions for corporations worldwide. 

From producing tax reference manuals in 1978 to the introduction of Vertex® Enterprise—the industry's first true comprehensive tax management platform—Vertex has always maintained an unwavering commitment to advance the capabilities of the tax function through technology. Vertex is the only tax technology vendor that is solely focused on developing the strategic capabilities of tax for large multinationals—with a clear vision to remain the worldwide provider and partner of choice in the tax technology industry.

Since 1978, more than 10,000 companies and 50 percent of the Fortune 500 have relied on Vertex for innovative tax management solutions. Today the company combines advanced technology and services with an exceptional team of experienced professionals to help our customers unlock huge process and productivity gains, limit risk, and make tax a more integral, strategic contributor to business success.

Tax Matters

Written by Henry Martin on . Posted in Treasury & Tax Management

Founded in 1998 in Germany, Bellin today consists of over 120 employees focused on creating solutions that reflect a pragmatic approach to solving treasury problems. Bellin‘s solutions are designed to be easy to use by both treasurers and non-treasurers and permit as many users as the treasury has need of, at no extra cost. This increases involvement of subsidiaries with the treasury, automates global data collection, enforces groupwide rules and compliance and enhances transparency. The company’s tm5 software solution is a zero-user-fee platform that encourages the distribution of workload, so that the central treasury gets better numbers, faster.

CEO: Can you outline the essentials of treasury management and how these have evolved in recent years?

Martin Bellin: Treasury management refers to the management of a company’s financial holdings with the goal of optimizing liquidity and mitigating financial and operational risks. This means administering financial assets, making sound investments and reducing or entering into hedges. Priorities within this framework have been shifting over the years but the overall principle has stayed the same. However, what has changed dramatically is the way treasurers work to achieve these goals. From using Excel spreadsheets they moved to local workstations; and from there to powerful Treasury Management Systems (TMS) and again to global and web-based platforms. This also mirrors a clear shift from data recording to data processing and thus to strategic decision-making.

PWC Sweden: Top Tax Advice

Written by Henry Martin - Interview with Jörgen Haglund PwC | TAX Services | Partner on . Posted in Treasury & Tax Management

 

 

 

 

 

 

 

 

 

The increasing tax burden is one of the most important concerns of CEOs, driving the adoption of proper internal controls and robust financial reporting processes to satisfy tax authorities, regulators and other stakeholders. At the same time, tax authorities worldwide are concerned with ensuring both increased compliance amongst taxpayers and that their fiscal policies are not overtaken by global business and economic developments. The international tax system is changing rapidly as a result of coordinated actions by governments and unilateral measures designed by individual countries, both intended to tackle concerns over base erosion and profit shifting (BEPS) and perceived international tax avoidance techniques of high-profile multinationals. PwC Sweden is a leading provider of tax services, combining a strong understanding of business and economic environments with specialist tax knowledge. In the following interview, PwC describes the main tax issues of the day.

Congratulations on making top spot in our Top 5 tax advisers in Europe report, can you tell us the main areas/sectors of growth your business has seen in the last 12 months? 

Obviously, the BEPS project and the release of the final reports last year has had great impact on many businesses seeking our advice in various fields, like international taxation, transfer pricing, indirect taxes. There is an urgent need for businesses and other stakeholders to monitor the development and outcome from the BEPS project and legislative changes around the world that follows rapidly in different areas of taxation.