Bellin is offering free licenses for its tm5 software to charitable and social institutions pursuing humanitarian or social objectives. The application enables nonprofit organisations to manage their assets and payments, helping them receive an overview of their current liquidity and a transparent overview of all cash flows in the organisation. Reports, which are frequently required as proof by supporting organisations and sponsors, can be easily generated in the system.
To be eligible for Bellin support, organisations need to be recognised as nonprofit organisations pursuing objectives such as improving child and youth welfare, providing relief to the poor, advancing education, environmental and nature preservation or other charitable causes. Sponsorship is available not only for German institutions but also for NGOs recognised as charitable organisations in their respective countries.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
While corporates have more choice when it comes to choosing financial services, the core relationship between banks and businesses hasn't changed, argues Michael Cummins, head of treasury solutions at Citizens Bank.
A poll by MarketInvoice also found that relatively few business leaders would consider speaking directly to a bank.
Trade credit insurer Atradius expects the country to emerge from recession this year, but warns that weak confidence will continue to keep growth subdued.