Basware Has Signed a Software as a Service Deal in North America


Basware Inc. has signed a Software as a Service deal with a large manufacturing company of industrial batteries. Basware will deliver invoice processing, scan & capture, supplier portal, e-Invoicing and service for sending procurement messages. The value of the deal is approximately EUR 400 000.

The customer company's manufacturing plants are scattered around North America and now Basware's solutions enable the customer company to shift towards a shared service center function mode.

"Basware's Software as a Service solutions respond to the clear demand on the markets for services automating financial processes. Basware Invoice Processing solution together with other solutions to be delivered comprise a strong service for automating the customer's processes and generating clear savings," says Esa Tihilä, CEO Basware Corporation.

Basware Corporation

More information:

Esa Tihilä, CEO, Basware Corporation

Tel. +358 40 480 7098

www.basware.com

Distribution

NASDAQ OMX Helsinki Ltd

Basware is the global leader in Purchase to Pay (P2P) solutions and aims to become the leading e-invoice supplier in the world. Founded in 1985, Basware Corporation is listed on the NASDAQ OMX Helsinki Ltd. Headquartered in Finland, Basware has a total of 20 offices in Europe, United States and in Asia Pacific. Net sales in 2010 amounted to EUR 103 million and number of employees was over 900.

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