Basware signs significant invoice automation solution agreement with German multinational engineering and electronics conglomerate company

Basware Corporation, stock exchange release, December 30, 2013 at 09:45

Basware signs significant invoice automation solution agreement with German
multinational engineering and electronics conglomerate company

The agreement will provide for the customer invoice automation solution as well
as scanning and e-invoicing services. The services will be used in three
continents and includes users in the UK, the United States, and Australia. The
value of the agreement is approximately EUR 350.000 over three years. The
solution will be deployed in early 2014 as Software as a Service (SaaS).

"Basware's invoice automation solutions bring robust automation to the accounts
payable invoice handling process. With the agreement, our customer can automate
their invoice processing and quickly benefit from lower costs per invoice.
Accordingly, we can support the customer with their entire workflow
consolidation and scanning strategy and help them with new business
integration", says Esa Tihilä, CEO, Basware Corporation. "This agreement
strengthens our relationship with the customer as well as our geographical
spread of both our SaaS and network contracts and ultimately increase the amount
of transactions within the Basware Commerce Network. The customer can also
benefit from the full scalability of our solution which can be easily extended
to even more countries and global operations."

For more information, please contact:

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

Distribution:
NASDAQ OMX Helsinki Ltd
Key media
www.basware.com

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