Ramirent Group Adopts Basware's Transactions Service Solution Powered by Alusta for Processing e-invoices in the Nordic Countries, the Baltic Countries, and Poland


Ramirent Group adopts Basware's Transactions Service solution powered by Alusta for processing e-invoices in the Nordic countries, the Baltic countries, and Poland

Basware will provide Ramirent Group with a comprehensive e-invoice and invoice processing solution in the Nordic countries, the Baltic countries, and Poland. Ramirent will migrate current generation Invoice Processing, Scan & Capture and e-invoicing solutions and services on to Basware's new Alusta platform. The contract consists of both licenses and services and the value of the multi-year deal is significant for Basware. The delivery of the solution will begin in the fall.

"The Alusta platform combines all of Basware's knowledge of financial processes, which ensures smooth electronic transactions for organizations of all sizes," says Esa Tihilä, CEO, Basware Corporation. "By using Alusta, Ramirent will make its internal invoicing processes even easier and faster, and they will benefit from a fully electronic, smooth, and automated e-invoice process," Tihilä continues.

Ramirent is a leading equipment rental group delivering Dynamic Rental Solutions that simplify business. Ramirents serves a broad range of customers, including construction and process industries, shipyards, the public sector and households. In 2011, Group sales totalled EUR 650 million. The Group has some 3,200 employees at 406 locations in 13 countries in Northern, Central and Eastern Europe.

Basware's new Alusta technology, cloud-based B2B platform for electronic transactions across the Open Network, was launched in February and it is a milestone in Basware's strategic transition and shift towards a service-oriented business model. It provides an open, secure, and global electronic commerce ecosystem that streamlines the purchase-to-pay and invoicing processes of all business partners.

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation

Tel. +358 40 480 7098

Distribution:

NASDAQ OMX Helsinki Ltd

Key media

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.

www.basware.com

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