Basware signs significant e-invoicing services and invoice automation agreement, powered by Alusta, with a leading media and entertainment company in the U.S.
Basware Corporation, stock exchange release, April 25, 2013 at 10:30
Basware signs significant e-invoicing services and invoice automation agreement,
powered by Alusta, with a leading media and entertainment company in the U.S.
Basware has signed a significant agreement for the delivery of e-invoicing
services and invoice automation to one of the world's largest media and
entertainment companies. The e-invoicing services and invoice automation are
powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay.
The value of the agreement is approximately EUR 2.1 million over the next four
"Basware's e-invoicing services will enable the customer to receive all their
invoices electronically via the Basware Commerce Network from their suppliers.
The customer currently receives and processes approximately 750,000 invoices
annually. Besides significant improvements in the customer's entire purchase-to-
pay process and standardization in invoicing through a global platform, the
customer will also gain vastly improved vendor relationships through online
collaboration, and improved quality and accelerated processing of invoices. With
automation, the customer will benefit from lower costs per invoice throughout
its operations globally", says Esa Tihilä, CEO, Basware Corporation. "This is a
significant agreement for Basware in the U.S. where we see continued growth
across all market segments including the media and entertainment industry. Most
importantly, we are pleased to see positive customer momentum developing in our
key markets to Basware's Alusta platform, a key element in our company's
transition to a service-oriented business."
For more information, please contact:
Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098
NASDAQ OMX Helsinki Ltd