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Basware Renews e-Invoicing Services Agreement with Major Telecommunications Operator in Belgium

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Basware Corporation
Linnoitustie 2, Building Cello
Espoo, FIN-02601
Finland



Press release date: April 1, 2014

Basware has renewed the agreement to provide its e-invoicing services to one of the largest telecommunications operators in Belgium. The services enable the customer to send all their invoices electronically. The value of the renewed agreement exceeds EUR 1 million over three years.

"The customer processes nearly 600,000 e-invoices annually today with volume expected to grow significantly over the next 12 months. By increasing the percentage of e-invoices from all invoices sent, they are able to experience the true benefit of connected commerce across 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. "As a market leader in the Benelux region, we are pleased to continue our cooperation with this major customer and provide services that empower their e-invoicing adoption. E-invoicing is a key enabler in simplifying connections, improving processes, making significant cost savings and strengthening buyer-supplier 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

About Basware
Basware provides open, secure, cloud-based purchase-to-pay and e-invoicing solutions to organizations of all sizes, resulting in greater efficiencies in procurement, accounts payable and accounts receivable.

Companies across all industries, from small businesses to corporate giants use Basware solutions to drive sustainable cost savings, proactive insight to cash flows and improved buyer-supplier relationships. The Basware Commerce Network is founded on the principles of openness, where all types of organizations can collaborate and trade, making it the largest in the world. Today we connect millions of business users in 900,000 companies across over 100 countries.

Basware is the global leader in providing solutions for better buying, better selling and connected commerce. Find out how Basware boosts financial performance and profitability at www.basware.com.

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