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 [HUG#1752157]
Basware signs significant invoice automation solution agreement with German multinational engineering and electronics conglomerate company
| Source: BasWare