Basware expands cooperation with the largest invoice sender in Finland by delivering e-invoicing service to cover all of their outbound invoicing

Basware Corporation Stock Exchange Release, December 19, 2013 at 16:50

Basware expands cooperation with the largest invoice sender in Finland by
delivering e-invoicing service to cover all of their outbound invoicing

Basware is expanding cooperation with its customer by delivering an outbound e-
invoicing service. The customer's invoice sending volumes are the highest in
Finland. The service will allow the customer to send electronic invoices to both
private and corporate customers. They are already using Basware's purchase-to-
pay and e-invoicing for receiving solutions as a service. The open-ended
agreement is of significant value to Basware. The service will be rolled out in
phases to private and corporate customers during the spring.

"We are extremely pleased to be able to provide our customer with services that
will increase the efficiency of their operations, and deepen our partnership.
The customer sends up to 250,000 invoices a day and 8 million annual e-invoices
to private and corporate customers. Corporate customers will receive e-invoices
directly into their systems which enables automated invoice processing. Private
customers will receive e-invoices in their online banking services. The volume
of e-invoices will increase with the adoption of SEPA: as e-invoices replace
current direct debiting. The customer will achieve significant process and cost
benefits and a possibility to use all of our services through the Basware
Commerce Network. Our network is constantly growing as companies strive to
increase the proportion of invoices sent as e-invoices. Businesses are also
working to activate their suppliers and customers to adopt e-invoicing," says
Esa Tihilä, CEO, Basware Corporation.

For more information, please contact

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

Distribution:
NASDAQ OMX Helsinki Ltd
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