Basware signs accounts payable and e-invoicing agreement with major industrial corporation in France

Friday, 03 June, 2016
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Basware Corporation, stock exchange release, June 3, 2016 at 11:00

Basware signs accounts payable and e-invoicing agreement with major industrial corporation in France


Basware has signed an agreement for the delivery of accounts payable and e-invoicing services with a major industrial corporation in France. The solutions are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes accounts payable automation with 100% inbound e-invoicing and scanning services for paper invoices in several countries. The value of the agreement exceeds EUR 2.3 million over five years.

"The customer has launched a significant transformation project to increase efficiency in their financial processes. Basware's services enable the customer to create paperless and highly automated processes globally which forms the core of the transformation. Switching to e-invoicing will deliver significant cost and process benefits," says Esa Tihilä, CEO, Basware Corporation. "We are excited to establish a strategic partnership with this major customer and provide services that take their invoice handing process to a completely new level."

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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