Basware Signs Agreement on Invoice Automation Solutions Powered by Alusta with a Major Broadcasting Company in North America

Basware Corporation, stock exchange release, April 5, 2013 at 13:00

Basware signs agreement on Invoice Automation solutions powered by Alusta with a major broadcasting company in North America

Basware will deliver Invoice Automation solutions to one of the largest broadcasting companies in North America. The services that the customer is using are powered by Alusta, the unified cloud-based platform for Purchase-to-Pay. The specific services to be delivered include Basware Invoice Automation along with Basware Match Plans, Match Orders and online shopping functionality for e-procurement as well as Basware Mobile, Scan Capture and Supplier Portal. The value of the service agreement is approximately EUR 900,000 over the next three years.

"We are very happy to see the use of Basware's Alusta technology, which is an essential part of company's strategic change and transition to service-oriented business, expanding also in North America, one of our key markets. The customer handles close to 200 000 invoices annually and benefits from the centralized access to all our services via Basware Commerce Network which is founded on the principles of openness, where all types of organization can collaborate and trade, making it the largest in the world ", says Esa Tihilä, CEO, Basware Corporation. "The latest release of Alusta brings new functionalities and additional control for the customer over the entire accounts payable process", Tihilä continues.

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation

Tel. +358 40 480 7098


NASDAQ OMX Helsinki Ltd

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About Basware

Basware is the global leader in cloud based e-invoicing and purchase-to-pay solutions with more than 1,000,000 users in over 60 countries. Basware’s B2B Cloud solutions and services provide an open, secure and global ecosystem for buyer and supplier collaboration, connecting more than 1.9 million buyers and suppliers globally. The solutions are architected to meet the needs of SMEs and global enterprises and are built upon Basware’s deep knowledge and experience of B2B financial processes, coupled with intelligent cloud connectivity and the Open Network. With Basware, organizations benefit from more efficient procurement, accounts payable and accounts receivable processes, sustainable cost savings, better insight to cash flows and improved buyer-supplier relationships. The solutions are available via the cloud, on-premise or through business process outsourcing in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners. Basware Corporation is listed on the NASDAQ OMX Helsinki Ltd.

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