Basware signs purchase-to-pay and e-invoicing services agreement with major restaurant chain in France

Monday, 21 March, 2016
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Basware Corporation, stock exchange release, March 21, 2016 at 10:00

Basware signs purchase-to-pay and e-invoicing services agreement with major restaurant chain in France

Basware has signed an agreement for the delivery of purchase-to-pay and e-invoicing services with a major restaurant chain, a new customer in France. The solutions are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes purchase-to-pay process automation and 100% inbound e-invoicing with scanning services. The value of the agreement is EUR 1.2 million over five years.

"Basware's globally scalable services to the entire purchase-to-pay cycle enables our customer to transform their procurement and accounts payables processes. This will drive enhanced cash flows and new ways to manage working capital. The customer can easily and securely receive 100% of their invoices as e-invoices via Basware's network and benefit from networked purchase-to-pay which empowers them with financial agility and enables deep collaboration between finance, accounts payable, procurement, treasury and trading partners", says Esa Tihilä, CEO, Basware Corporation.

For more information, please contact:

Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation
Tel. +358 50 557 3822

Distribution:
Nasdaq Helsinki
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www.basware.com/investors

About Basware for investors:
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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