Basware expands cooperation with major Finnish corporation in the energy and ICT industry by delivering source-to-pay and e-invoicing services

Monday, 31 August, 2015
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Basware Corporation, stock exchange release, August 31, 2015 at 10:00

Basware expands cooperation with major Finnish corporation in the energy and ICT industry by delivering source-to-pay and e-invoicing services

Basware has signed an agreement on the delivery of source-to-pay and e-invoicing services to a Finnish multinational corporation in the energy and ICT industry. The customer is currently using license-based invoice automation solutions. The new agreement includes a comprehensive source-to-pay solution and inbound e-invoicing. In addition, Basware will deliver a contract management solution, supplier services and the Basware Analytics reporting solution. The new services will be deployed in five countries. The value of the three-year agreement is approximately EUR 450,000.

"We are very pleased to offer new comprehensive services to enhance the entire purchasing process of our customer. With Basware's services, our customer will automate the entire process from sourcing to payment, thereby facilitating business growth. Basware Analytics provides detailed and real-time data which will improve the source-to-pay process as a whole, helping to make better decisions", says Esa Tihilä, CEO, Basware Corporation.

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

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NASDAQ OMX Helsinki Ltd
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www.basware.com