BasWare eInvoices and Itella Information Logistics agree on international electronic invoice service

Two notable European electronic invoice service providers, BasWare eInvoices Ltd and Itella Information Logistics Oy, will expand their cooperation internationally. This agreement will enable Itella and BasWare customers to send and receive electronic invoices across borders.

Itella’s customer base for its electronic invoice service consists mainly of large corporations that send invoices. Software vendor BasWare Oyj is a market leader in providing purchase invoice handling systems. Its subsidiary, BasWare eInvoices Ltd, acts as an operator and has a key role in delivering electronic purchase invoices.

Electronic invoicing is experiencing strong growth in Northern Europe. Both Itella and BasWare have a strong presence in the Northern European markets. In Finland, up to one third of invoicing in large corporations is handled in electronic format. It is estimated that about 10% of all business to business invoices are electronic.

- Manual processes are expensive and time consuming, and switching from paper to electronic invoicing has indisputable benefits. Electronic invoicing is at its most useful when invoices are both sent and received in electronic format. Few companies are aware of just how beneficial electronic invoicing can be in financial terms. We would also like to see this issue discussed at national level, says BasWare eInvoices Ltd Managing Director, Petri Karjalainen.

Many companies that send and receive invoices are already advanced in their electronic services. In large organisations even one third of invoices are electronic.

Itella’s and BasWare’s services actively support the switch from paper to electronic format. Itella is developing a service where customer’s paper invoice would automatically be replaced with electronic invoice if that is possible between sender and receiver.

- Good cooperation between various operators is important nationally and internationally, so that electronic invoicing can reach all users. Large corporations want to use unified solutions in all market areas and we aim to meet this need by forming effective partnerships, says Managing Director, Vuokko Skyttä, of Itella Information Logistics Oy.

For further information, please contact:
Managing Director Petri Karjalainen, BasWare EInvoices Ltd, tel. +358 40 741 6041.
Managing Director Vuokko Skyttä, Itella Information Logistics Oy, tel . +358 40 501 8675.

BasWare eInvoices Ltd
BasWare eInvoices Ltd, subsidiary of BasWare Corporation, focuses on producing electronic invoices and promoting eInvoicing and similar exchange of information. BasWare eInvoices Ltd develops software and services for eInvoicing and distributes them internationally to end-users, partners and other eInvoicing operators. BasWare Business Transactions has transmitted eInvoices since the year 2000 and it has a clientele of over 1,600 organisations.

Itella Information Logistics
Finland Post Group’s Itella Information Logistics business group provides customer-focused solutions for digital communications. These solutions boost the efficiency of invoicing, payroll management, business communication, data collection and archiving in corporations and other organisations. Itella Information Logistics operates in eight countries, employing 1,540 staff. In 2006, its turnover amounted to €200 million. Itella Information Logistics Oy, a subsidiary of the business group in Finland posted a turnover of €91 million in 2006, with 650 staff.