Basware renews purchase to pay (P2P) service agreement with ICT corporation in Finland

Wednesday, 31 December, 2014
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Basware Corporation, stock exchange release, December 31, 2014 at 14:00

Basware renews purchase to pay (P2P) service agreement with ICT corporation in Finland

Basware has renewed an agreement on the delivery of purchase to pay (P2P) services with an ICT corporation in Finland. The agreement covers purchasing and accounts payable automation as well as 100% inbound e-invoicing. The customer is also using Basware's outbound e-invoicing services enabling e-invoice sending to both private and corporate customers. The value of the agreement is approximately EUR 1.4 million over three years.

"We are very pleased to continue our relationship with this significant customer and provide services that enhance their operations and cut costs. Basware's P2P services empower the customer to streamline their operations and manage financial and procurement processes more effectively. In addition, the customer is able to receive all supplier invoices as e-invoices. Deeper collaboration between finance, accounts payable and procurement enables real-time cash flow visibility and better buying 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