Basware expands cooperation with major Swedish automotive manufacturer to provide catalog management and supplier onboarding services

Basware Corporation, stock exchange release, November 1, 2013 at 12:30

Basware expands cooperation with major Swedish automotive manufacturer to
provide catalog management and supplier onboarding services

Basware has expanded its cooperation with a major Swedish automotive
manufacturer to provide catalog management services across more than 20 European
countries. The services to be delivered include Basware Catalogs, portal
services enabling suppliers to deliver their catalogs and supplier onboarding
services for catalog creation. The value of the deal exceeds EUR 900,000 over
three years. Implementation starts this quarter.

The customer has already deployed Basware's accounts payable and procurement
solutions. Basware is running e-invoicing activation services for onboarding
suppliers in the same countries where the new catalog services will now be
implemented.

"The customer's vision is to activate over 1000 of their suppliers across Europe
to provide product catalogs via Basware's service enabling these suppliers to
also provide catalogs to their buyers via Basware's procurement solution.
Basware's catalog management service will enable the customer to utilize
electronic catalogs that cover both direct and indirect purchases. This service
integrates to any ERP backend to provide a first class catalog import service
that supports driving purchase process compliance and ensures negotiated savings
against preferred supplier contracts are able to be realized", says Esa Tihilä,
CEO, Basware Corporation. "This is another strategically important agreement
strengthening our position in the global automotive industry", Tihilä continues.


For more information, please contact:

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

Distribution:
NASDAQ OMX Helsinki Ltd
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