Basware expands cooperation with major Finnish forest industry group by offering accounts payable automation and e-invoicing services

Thursday, 12 November, 2015
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Basware Corporation, stock exchange release, November 12, 2015 at 13:30

Basware expands cooperation with major Finnish forest industry group by offering accounts payable automation and e-invoicing services

Basware has signed an agreement on the delivery of accounts payable automation and e-invoicing services to a major forest industry group in Finland. With the new agreement, the customer will be using the accounts payable automation and e-invoicing services on Basware's flexible cloud-based Alusta platform. The value of the five-year agreement exceeds EUR 1.3 million. The new services will be deployed globally.

"We are very pleased to offer solutions to develop and enhance the financial processes of our long-term customer. The customer will be able to receive 100% of their 500,000 annual invoices as e-invoices via the open Basware Network. Automated invoice processing significantly improves the transparency and productivity of financial administration while cutting costs", 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