Basware delivers invoice automation solution to a worldwide leading supplier of pipe systems as SaaS

Basware delivers invoice automation solution to a worldwide leading supplier of
pipe systems as SaaS
Basware Corporation Stock Exchange Release, September  5, 2011 at 15:15

Basware will deliver Invoice Automation as a Service, together with Basware
Connectivity services including Scan & Capture, Supplier Portal and e-invoicing
to a worldwide leading supplier of pipe systems.  The value of the deal over the
contract period of 3 years is approximately EUR 650.000.

"We are happy to see that our solutions are more and more being delivered as a
service.  In addition Basware Connectivity services make invoice processing more
efficient and lower costs. Our solutions also scale up easily when the
customer's volumes grow," says Ilkka Sihvo, CEO, Basware Corporation.

Basware's e-invoicing services enable automation of purchase and sales invoices
as well as allow organizations to immediately shift to 100 percent electronic
invoicing. The services include the transaction of e-invoices, data recognition
services for scanned invoices, a printing service, supplier portal as well as
supplier and customer activation. The service sends invoices in electronic
format from the invoicing solution, transfers the documents to the desired
format and transmits them to the buyer's invoice processing solution or printing
service, depending on the preferred solution. Additionally Basware activates
suppliers to start using e-invoicing.

BASWARE CORPORATION
Ilkka Sihvo

For more information, please contact:

CEO Ilkka Sihvo, Basware Corporation
Tel. +358 40 501 8251

Distribution
NASDAQ OMX Helsinki Ltd
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