Outsourcing of Basware Scan & Capture Production Operations to Xerox closed

Tuesday, October 16, 2018

Outsourcing of Basware Scan & Capture Production Operations to Xerox closed

Espoo, Finland, 16 October 2018 – Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has closed and transitioned its global managed service deal with Xerox.

“With this partnership, we have simplified our operations and increased focus in line with our strategy. Now we are in a better position to accelerate our cloud growth, build a scalable global business and strong partner ecosystem around Basware,” said Vesa Tykkyläinen, Chief Executive Officer at Basware.

“This partnership is a natural and strategic match. Our main business is in e-invoicing, while Xerox has best in class scan and capture global capability. Simply put, this partnership allows both parties to use their strengths and create more value together,” continued Tykkyläinen.

Xerox manages Basware’s scan and capture services operation across 28+ countries, providing a quick and cost-effective solution for hundreds of global Basware customers needing to process paper and e-mail invoices as they move towards digitisation.