Basware renews e-invoicing services agreement with major automotive company in Germany

Basware Corporation, stock exchange release, November 6, 2013 at 14:30

Basware renews e-invoicing services agreement with major automotive company in
Germany

Basware has renewed the original agreement to provide its e-invoicing services
to one of the world's largest automotive companies in Germany. The services
enable the customer to receive electronic invoices. The value of the renewed
agreement exceeds EUR 350,000 over three years.

The cooperation between Basware and the customer has been extended three times
this year. Extensions have covered e-invoicing services in the Asia Pacific
region and China. Renewing this original agreement is the next step on a long-
term roadmap towards full scale e-invoicing and strategic, global cooperation
between Basware and the customer.

"Basware has been selected as the global provider of e-invoicing services as the
customer continues on its journey towards 100% e-invoicing. They currently
process 1.3 million invoices in Basware systems and the volume is expected to
grow as the strategic partnership continues. They have been able to experience
true benefit of connected global commerce via the Basware Commerce Network, an
open network that allows buyers and suppliers of all sizes to collaborate and
trade", says Esa Tihilä, CEO, Basware Corporation. "Basware is uniquely
positioned to recognize the challenges in the automotive industry's complex
financial environment. E-invoicing is a key enabler in simplifying connections,
improving processes, making significant cost savings and strengthening buyer-
supplier relationships", Tihilä continues.


For more information, please contact:

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

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