Basware signs purchase-to-pay automation and e-invoicing agreement with a leading rental services provider in the European construction industry

Wednesday, 10 June, 2015
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Basware Corporation, stock exchange release, June 10, 2015 at 13:30

Basware signs purchase-to-pay automation and e-invoicing agreement with a leading rental services provider in the European construction industry

Basware has signed an agreement for the delivery of purchase-to-pay automation and e-invoicing services with a leading rental services provider in the construction industry. The services will be implemented group-wide in the Nordic countries and Europe. 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 650,000 over five years.

"Basware's globally scalable services to the entire purchase-to-pay cycle enables our customer to transform their procurement and AP process and provide visibility they need to make better financial decisions. Networked purchase-to-pay empowers them with financial agility and enables deep collaboration between finance, accounts payable, procurement, treasury and trading partners", says Esa Tihilä, CEO, Basware Corporation. "A switch to e-invoicing will significantly enhance the processing of this customer's 500,000 annual invoices and lead to better working capital management."

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