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 Tihil, CEO, Basware Corporation.



For more information, please contact:



Esa Tihil

CEO, Basware Corporation

Tel. +358 40 480 7098



Distribution:

NASDAQ OMX Helsinki Ltd



Key media

www.basware.com



About Basware

Basware is the global leader in providing purchase-to-pay and e-invoicing solutions in the world of commerce. We empower companies to unlock value across their financial operations by simplifying and streamlining key financial processes. Our Basware Commerce Network, the largest open business network in the world, connects 1 million companies across 100 countries and enables easy collaboration between buyers and suppliers of all sizes. Through this network, leading companies around the world achieve new levels of spend control, efficiency and closer relations with their suppliers. With Basware, businesses can introduce completely new ways of buying and selling to achieve significant cost savings and boost their cash flow. Find out how Basware helps money move more easily and lets commerce flow at www.basware.com.



Basware (BAS1V) has been listed on the Helsinki Stock Exchange since 2000. Find out more at www.basware.com/investors.



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