Basware renews service agreement on procurement solution with the Finnish State Treasury

Monday, 08 September, 2014
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Basware Corporation, stock exchange release, September 8, 2014 at 10:00

Basware renews service agreement on procurement solution with the Finnish State Treasury

Basware has renewed the service agreement regarding its procurement solution with the Finnish State Treasury. The contract also covers the management of catalog content and exchange of purchase messages via the Basware Portal. The value of the agreement is approximately EUR 2 million over the next two years.

"We are happy that we can continue our long-term relationship with the State Treasury. The customer aims to streamline the purchasing process, achieve significant cost-savings and improve productivity. The State Treasury automates the purchasing process with the Basware solution and obtains transparency to the entire organization's purchasing operations, as well as increase the efficiency of supplier cooperation with electronic purchase messages. Pre-defined product catalogs make purchasing easy and user-friendly," says Esa Tihilä, CEO, Basware Corporation.

The State Treasury is a Finnish central agency operating under the supervision of the Ministry of Finance. It provides central government organizations with internal services. In this role, its essential strategic objective is to enable savings and growth in productivity in government agencies and institutions. The State Treasury also provides services to private citizens and businesses.

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