Basware signs accounts payable automation on Alusta agreement with leading transport and logistics company in the Netherlands

Basware Corporation, stock exchange release, May 4, 2015 at 12:15

Basware signs accounts payable automation on Alusta agreement with leading transport and logistics company in the Netherlands

Basware has signed an agreement for the delivery of accounts payable automation services with a leading transport and logistics company in the Netherlands. The services are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes invoice automation and 100% inbound e-invoicing with scanning services. Basware is also providing Basware Analytics for gaining immediate insight into financial performance, and a mobile solution enabling the customer to review and approve purchase invoices regardless of time and place. The value of the agreement is EUR 1.3 million over five years.

"We have been building strong relationships with this customer's subsidiaries and are now extending the cooperation to cover the Group's accounts payable process. Basware services will empower the customer to streamline their new financial shared service center operations and cut costs while achieving new levels of spend control, efficiency and closer relations with their suppliers. With Basware Analytics, the customer will achieve spending transparency and harness the power of easy visualization technologies to make better financial decisions", 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