Basware expands cooperation with major Finnish media group by offering source-to-pay and e-invoicing services

Wednesday, 01 July, 2015
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Basware Corporation, stock exchange release, July 1, 2015 at 10:00

Basware expands cooperation with major Finnish media group by offering source-to-pay and e-invoicing services

Basware has signed an agreement with a major Finnish media group for the delivery of source-to-pay and e-invoicing services powered by Basware's flexible cloud-based Alusta platform. The customer currently uses license-based source-to-pay and e-invoicing solutions. The new agreement includes a comprehensive source-to-pay solution, inbound e-invoicing and the transmission of purchase orders. In addition, Basware will deliver a contract management solution, supplier services and the Basware Analytics reporting solution. The new services will be deployed in four countries. The value of the five-year agreement is approximately EUR 2 million.

"More and more companies understand the benefits from automating the procurement process. With Basware's services, our customer will automate the entire process from sourcing to payment, thereby significantly streamlining operations. Basware Analytics guarantees visibility across the purchase-to-pay process, helping the customer make better decisions. Networked purchase-to-pay empowers them with financial agility and enables deep collaboration between finance, accounts payable, procurement, treasury and trading partners", 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