Basware signs accounts payable automation and e-invoicing agreement with a global engineering group in Sweden

Basware Corporation, stock exchange release, January 26, 2015 at 15:00

Basware signs accounts payable automation and e-invoicing agreement with a
global engineering group in Sweden

Basware has signed an agreement for the delivery of accounts payable automation
and e-invoicing services with a global engineering group in Sweden. The
solutions and 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 with scanning services. Basware is also providing
Basware Analytics for gaining immediate insight into financial performance, and
a mobile solution enabling the customer to review and approve purchase invoices
regardless of time and place. The value of the agreement exceeds EUR 1.6 million
over five years.

"Basware services enable our new customer to receive all their 700,000 annual
invoices electronically. Automated processes will empower them to streamline
operations and cut costs while achieving new levels of spend control, efficiency
and closer relations with their suppliers. At the same time our customer can
experience the true benefit of connected global commerce via the Basware
Commerce Network, an open network that allows buyers and suppliers of all sizes
to collaborate and trade", says Esa Tihilä, CEO, Basware Corporation.

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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