Espoo, Finland, January 25, 2018 — Basware, the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services solutions, and QAD Inc. a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, have today announced that they have signed a partnership to provide QAD customers with access to the world’s largest electronic invoicing (e-invoicing) open network.

 “We are equally excited about this strategic partnership and see that QAD is showing the way to the entire ERP industry by embedding Basware Network as integral part of their offering. We are confident that e-invoicing will provide significant efficiencies and advantages to QAD’s vast global customer base,” says Mikko Pilkama, Senior Vice President of Basware Network and Financing Services.

“QAD customers can enjoy a totally seamless integration of their ERP system and Basware Network service using the latest state of the art REST API technology and get access to over a million companies across 100+ countries, and link themselves with more than 250 interoperability partners across the globe.”

Basware brings 32 years of e-invoicing experience to the partnership. The Basware solution features high levels of automation in electronic invoice processing and is completely integrated with QAD Cloud ERP.

"This strategic partnership with Basware will allow QAD to provide its customers with access to a best-of-breed solution to exchange electronic invoices with their customers and suppliers,” said QAD Chief of Global Field Operations, Anton Chilton.

“I am very excited about the value our customers will receive combining Basware's over 30 years of experience in electronic invoicing and QAD's expertise in system integration. An increasing number of companies globally are implementing e-invoicing initiatives and regulations. We view the rise of e-invoicing as an opportunity for global manufacturers to achieve higher levels of automation and an opportunity for QAD to help our customers with their journey toward the Effective Enterprise."

QAD works with its partners to better service companies across the world. The QAD Global Partner Network includes over 100 partners including hardware platform manufacturers, operating system vendors, software and database developers, solution resellers, system integrators and service organizations. QAD partners provide breadth, depth and reach, strategically extending QAD’s capabilities, functional expertise and global presence.

About Basware

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

Follow Basware on Twitter: @Basware, join the discussion on the Basware LinkedIn, Basware Facebook and Basware Blog.

About QAD – The Effective Enterprise

QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB) is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Cloud ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD’s portfolio includes related solutions for quality management software, supply chain management software, transportation management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.

To learn more, visit http://www.qad.com or call +1 805-566-6000.

"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.