Basware signs accounts payable automation and e-invoicing agreement with leading hotel operator in Germany

Friday, 10 April, 2015
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Basware Corporation, stock exchange release, April 10, 2015 at 13:00

Basware signs accounts payable automation and e-invoicing agreement with leading hotel operator in Germany

Basware has signed an agreement for the delivery of accounts payable automation and e-invoicing services with a globally leading hotel operator in Germany. The services are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes invoice automation and 100% inbound e-invoicing with scanning services in Germany and Austria. The value of the agreement exceeds EUR 900,000 over three years.

"The adoption of e-invoicing is an important step for this customer in improving business processes. The customer is able to automate and streamline the processing of all the inbound invoices for over 250 hotels in the region. By joining the Basware Network, they can collaborate, trade and achieve closer relations with their business partners," says Esa Tihilä, CEO, Basware Corporation. "We are very happy to see our footprint strengthening further in the hospitality industry and in one of our key markets."

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