Basware signs accounts payable automation and e-invoicing agreement with a major retail company in Sweden

Basware Corporation, stock exchange release, November 16, 2015 at 12:30

Basware signs accounts payable automation and e-invoicing agreement with a major retail company in Sweden

Basware has signed an agreement for the delivery of comprehensive accounts payable and e-invoicing services with a major retail company in Sweden. The solutions are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes accounts payable automation and 100% inbound e-invoicing with scanning services. Basware is also providing Basware Analytics for gaining immediate insight into performance and a mobile solution, which gives access to financial processes regardless of time and place. The value of the agreement is EUR 1.1 million over three years.

"We are excited to form a strategic partnership with this customer and provide comprehensive services that enhance their financial operations and provide visibility they need to make better financial decisions. Mobility benefits end-users who can review and approve invoices on the move. With Basware services, the customer can easily and securely receive 100% of their hundreds of thousands of annual invoices as e-invoices via the open Basware Commerce Network. Basware will also support the customer in activating their suppliers who send paper invoices to send true e-invoices", 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
Key media
www.basware.com