Basware expands accounts payable and e-invoicing cooperation with major retail group in Finland

Basware Corporation, stock exchange release, December 23, 2015 at 10:00

Basware expands accounts payable and e-invoicing cooperation with major retail group in Finland

Basware has signed an agreement on the delivery of accounts payable automation and e-invoicing services to a major retail group in Finland. With the new agreement, the customer will be using the accounts payable automation and e-invoicing services on Basware's flexible cloud-based Alusta platform. Basware is also providing Basware Analytics for gaining immediate insight into their financial performance and a mobile solution, which gives access to financial processes regardless of time and place. The value of the agreement exceeds EUR 600,000 over five years.

"As a strategic partner, we can continuously develop and enhance the customer's financial processes. The customer benefits from significant cost savings while strengthening and improving relations with suppliers, who can easily transact globally via the open Basware Commerce Network. Visual reports will help the management to make better decisions, while mobility benefits end-users who can review and approve invoices on the move," says Esa Tihilä, CEO, Basware Corporation.

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

Distribution:
Nasdaq Helsinki
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