Basware signs accounts payable automation and e-invoicing agreement with a global engineering group in Sweden

Monday, 26 January, 2015
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Basware Corporation, stock exchange release, January 26, 2015 at 15:00

Basware signs accounts payable automation and e-invoicing agreement with a global engineering group in Sweden

Basware has signed an agreement for the delivery of accounts payable automation and e-invoicing services with a global engineering group in Sweden. The solutions and 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. Basware is also providing Basware Analytics for gaining immediate insight into financial performance, and a mobile solution enabling the customer to review and approve purchase invoices regardless of time and place. The value of the agreement exceeds EUR 1.6 million over five years.

"Basware services enable our new customer to receive all their 700,000 annual invoices electronically. Automated processes will empower them to streamline operations and cut costs while achieving new levels of spend control, efficiency and closer relations with their suppliers. At the same time our customer can experience the true benefit of connected global commerce via the Basware Network, an open network that allows buyers and suppliers of all sizes to collaborate and trade", 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