Basware expands cooperation with large Danish financial institution by offering purchase-to-pay and e-invoicing services

Basware Corporation, stock exchange release, October 7, 2015 at 10:30

Basware expands cooperation with large Danish financial institution by offering purchase-to-pay and e-invoicing services

Basware has signed an agreement with a large financial institution in Denmark for the delivery of purchase-to-pay and e-invoicing services. With the new agreement, the customer will be using the purchase-to-pay and e-invoicing services on Basware's flexible cloud-based Alusta platform. The agreement also includes a travel and expense management solution. The value of the three-year agreement is approximately EUR 1 million.

"With Basware's services, this long-term customer has automated their entire purchase-to-pay process, which enables an easier and faster procurement process enhancing the visibility and productivity of financial operations", says Esa Tihilä, CEO, Basware Corporation. "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."

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