Basware signs accounts payable automation and e-invoicing on Alusta agreement with leading hospitality retail provider in the UK

Basware Corporation, stock exchange release, April 3, 2014 at 14:00

Basware signs accounts payable automation and e-invoicing on Alusta agreement
with leading hospitality retail provider in the UK

Basware has signed an agreement for the delivery of accounts payable automation
and e-invoicing services with one of the UK's largest hospitality retail
providers. The services are powered by Alusta, Basware's unified cloud-based
platform for purchase-to-pay. The agreement includes invoice automation and
100% inbound e-invoicing services. Basware is also providing a reporting
solution, Basware Analytics, for improving accounts payable data visibility and
a mobile solution for processing e-invoices. The services will be implemented in
the UK. The value of the agreement exceeds EUR 700,000 over three years.

"We are pleased to start the cooperation with this new major customer in one of
our key markets, and to add value to their financial operations by simplifying
and streamlining key financial processes", says Esa Tihilä, CEO, Basware
Corporation. "We have continued to expand our business in the hospitality retail
space with several significant customers over the last 18 months. They are all
able to easily collaborate across the Basware Commerce Network, the largest open
business network in the world, while improving efficiency and supplier-buyer
relationships."

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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