Basware expands cooperation with major hotel chain in Sweden by providing purchase to pay services

Thursday, 12 January, 2017
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Basware Corporation, stock exchange release, January 12, 2017 at 13:00

Basware expands cooperation with major hotel chain in Sweden by providing purchase to pay services

Basware has expanded its cooperation with a major hotel chain in Sweden and signed an agreement on the delivery of purchase to pay services. With the new agreement, the customer will be using the services on Basware's flexible cloud-based Alusta platform and expands the use into new countries. The value of the agreement is EUR 1.4 million over four years.

"We are very pleased to expand our cooperation with this significant long-term customer. Moving to cloud-based services provides the customer with agility and flexibility, enabling business growth. The customer can easily and securely receive 100% of their invoices as e-invoices via Basware's network and benefit from networked purchase to pay which enables deep collaboration between finance, accounts payable, procurement, treasury and trading partners", says Vesa Tykkyläinen, 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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