Basware signs purchase-to-pay automation and e-invoicing agreement with major financial institution in New Zealand

Tuesday, 29 December, 2015
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Basware Corporation, stock exchange release, December 29, 2015 at 10:00

Basware signs purchase-to-pay automation and e-invoicing agreement with major financial institution in New Zealand

Basware has signed an agreement for the delivery of purchase-to-pay automation and e-invoicing services with a major financial institution in New Zealand. The solutions are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes purchase-to-pay automation and 100% inbound e-invoicing. Basware is also providing Basware Analytics for gaining immediate insight into their financial performance. The value of the agreement exceeds EUR 1 million over five years.

"Basware's globally scalable services to the entire purchase-to-pay cycle enables our customer to transform their procurement and AP processes and provide visibility they need to make better financial decisions. They can easily and securely receive 100% of their invoices as e-invoices via the open Basware 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:

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

Distribution:
Nasdaq Helsinki
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www.basware.com/investors