Jun 2012

Adam Smith Awards: Lindner Receives Award for BELLIN Treasury Solution


At the Adam Smith Awards 2012 in London, BELLIN GmbH was represented with a case study of Lindner Finanz GmbH. The specialized treasury management software and consulting company from Ettenheim, Germany, participates in the prestigious event for the third consecutive time. Treasury solutions by BELLIN already won awards in 2010 and 2011.

The Adam Smith Awards are hosted by the Treasury Today magazine since 2008. Distinctions are awarded to companies that successfully use innovative treasury solutions. The prizes are divided into several categories, including "First Class Bank Relationship Management", "Best Cash Management Solution", "Best Risk Management Solution" and "Best Financing Solution". In 2012, a total of 229 companies from 24 countries applied for the awards.

Lindner Finanz GmbH is this year's winner of the distinction "Highly Commended" in the category "Best Process Re-engineering Solution". Since its creation in late 2009, the subsidiary of the global Lindner Group has taken over all financial and treasury activities, in particular the management of interest, financing, liquidities, currencies and commodities. Only a few months passed between the establishment of the in-house bank and commencement of operations in April 2010. "We not only intended to relocate the corporate treasury into a separate company, but also meant to create an independent group bank that makes independent decisions," Peter Schädelbauer, board member of the Lindner Finanz GmbH, explains.

A key success factor was the use of tm5, the web-based BELLIN treasury management system. "The software deals with all aspects of treasury," says Martin Bellin, founder and Managing Director of BELLIN GmbH. "Our consultants actively supported the project from planning to implementation." Their efforts were crowned with success: Interest and cash pools now allow the Lindner Group to control its liquidity perfectly. The reduction in refinancing costs and the optimization of net interest income are also due to the innovative treasury solution.

The award ceremony of the Adam Smith Awards 2012 takes place on 14 June in the Plaisterers' Hall in London.