Basware signs accounts payable automation and e-invoicing agreement with information services company in North America

Thursday, 09 October, 2014
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Basware Corporation, stock exchange release, October 9, 2014 at 15:00

Basware signs accounts payable automation and e-invoicing agreement with information services company in North America

Basware has signed an agreement for the delivery of accounts payable automation and e-invoicing services with an information services company in North America. 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 supplier activation services. Basware is also providing Basware Analytics for gaining immediate insight into their financial performance and a mobile solution for processing e-invoices. The value of the agreement is EUR 300,000 over three years.

"The customer aims to standardize and automate their accounts payable process and eliminate all paper handling during the process. These services enable the customer to achieve their objectives, cut costs and complexity and quickly switch to 100% paperless invoicing. They will achieve spending transparency and harness the power of easy visualization technologies to make better financial decisions. We will also help their suppliers to adopt and reap the benefits of e-invoicing quickly and easily and generate more value through their participation across the Basware Network to drive efficiency, scale and help strengthen all important supplier-buyer relationships", says Esa Tihilä, CEO, Basware Corporation.

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

Distribution:
NASDAQ OMX Helsinki Ltd
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www.basware.com