Germanyâs treasury solutions provider, Bellin GMBH Finanzdienste has chosen Vancouver to open its North American sales office because of its proximity to not only the North American market, but also to the rapidly expanding Asian market. Vancouver is one of only two Canadian cities designated as an International Financial Centre.
The new company, Bellin Treasury Services Ltd. will support Bellinâs existing clients in the Americas and the Pacific Rim and it will also perform sales and marketing duties for the North American market. "We already service 100âs of existing subsidiaries in the region and it was just a natural progression for us to start marketing to the head offices of North American and Asian companies" says Rick Beecroft, President of Bellin Treasury Services. "Our typical customers have annual sales of between US$100 million and US$5 Billion so there is a larger market in the US than in the companyâs home market of Germany".
Bellin develops and sells an online treasury management system in use by 3,000 companies in 60 countries. The TREASURYDATABASEÂ® seamlessly integrates cash flow forecasts, liquidity planning data, treasury instruments, multi-lateral inter-company netting and reconciliation amounts and provides the central treasury and subsidiaries with a real time financial status. Subsidiaries work in their own currency and language and the central treasury never consolidates another spreadsheet.