Basware expands cooperation with health care company in Denmark and provides accounts payable, e-invoicing and financing services

Monday, 11 April, 2016
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Basware Corporation, stock exchange release, April 11, 2016 at 10:00

Basware expands cooperation with health care company in Denmark and provides accounts payable, e-invoicing and financing services

Basware has expanded its cooperation with a health care company in Denmark and signed an agreement on the delivery of accounts payable automation, e-invoicing and financing services. The agreement also covers travel & expense management services. With the new agreement, the customer will be using the services on Basware's flexible cloud-based Alusta platform. New financing services include Basware Pay, a global e-payment solution, and Basware Discount to enable buyer-funded supplier financing. The value of the agreement is EUR 950,000 over four years. The services will be implemented globally.

"We are very pleased to expand our cooperation with this significant customer. As a strategic partner, we can continuously develop and enhance our customer's financial processes. Moving to cloud-based services provides the customer with agility and flexibility, enabling business growth. Flexible financing options on our network enable closer buyer-supplier relationships, boost cash flows and improve working capital positions for both parties. With Basware Discount the customer can capture discounts with early payments," says Esa Tihilä, CEO, Basware Corporation.

For more information, please contact:

Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation
Tel. +358 50 557 3822

Distribution:
Nasdaq Helsinki
Key media
www.basware.com/investors

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware's commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com/investors.

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