Basware expands relationship with Hankkija delivering accounts payable automation and e-invoicing services in Finland

Monday, 22 December, 2014
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Basware Corporation, stock exchange release, December 22, 2014 at 16:30

Basware expands relationship with Hankkija delivering accounts payable automation and e-invoicing services in Finland

Basware has expanded relationship with Hankkija and signed an agreement on the delivery of accounts payable automation and e-invoicing services in Finland. The services are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes invoice automation, inbound e-invoicing and scanning services. In addition, the agreement covers the Basware Analytics for gaining immediate insight into financial performance, and mobile solution, which enables reviewing and approving purchase invoices regardless of time and place. The value of the agreement is approximately EUR 700,000 over four years. The customer already has Basware's travel and expense management solution in use.

"We are happy that we can continue our cooperation with Hankkija. With our services, the customer can receive all invoices as e-invoices and streamline and automate their processing. Visual reports offer visibility to expenses and help to make better decisions. E-invoicing is a key enabler in improving financial administration processes and transparency, achieving significant cost savings, and strengthening supplier-buyer relationships," says Esa Tihilä, CEO, Basware Corporation.

Hankkija Oy is owned by Danish Agro (60 %) and SOK (40 %) and it operates in the agricultural sector.

For more information, please contact:

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

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www.basware.com