Basware expands cooperation with ISS Palvelut Oy to cover the entire Purchase-to-Pay (P2P) process in Finland, Sweden, and Norway

Basware Corporation, stock exchange release, May 2, 2013, at 11:45
Basware expands cooperation with ISS Palvelut Oy to cover the entire Purchase-
to-Pay (P2P) process in Finland, Sweden, and Norway

Basware has signed an extensive agreement to deliver an end-to-end Purchase-to-
Pay (P2P) solution to ISS Palvelut Oy across its operations in Finland, Sweden,
and Norway. ISS Palvelut has already been using Basware Invoice Automation
solutions, and the cooperation will now be expanded to cover the procurement
process as well. The agreement includes e-procurement, invoice matching,
services for managing catalogs and exchanging procurement messages, validation
services for incoming invoices, mobile use of the solutions, and supplier and
customer activation services. The three-year agreement is of significant value
to Basware and includes both licenses and services.

"By automating the entire purchase-to-pay process, ISS Palvelut will achieve
significant cost and process benefits. With this new agreement, Basware will
provide a shared procurement system for three countries, providing control and
transparency to the procurement process of ISS Palvelut, which processes several
millions of transactions per year," says Esa Tihilä, CEO, Basware Corporation.
"We are pleased to be extending our relationship with ISS Palvelut in helping
them become even more efficient across their business operations."

ISS Palvelut Oy is the third largest private employer in Finland, and a leading
real estate and business facilities company. Its services cover all of the
maintenance and support services needed by property owners and users. In 2012
the company's turnover was EUR 555 million, and it employed 12,000 people. ISS
Palvelut is part of the international ISS Group which operates in more than 50
countries and has approximately 530,000 employees worldwide.

For more information, please contact:

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

Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.basware.com

  

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