Basware signs significant accounts payable automation and e-invoicing agreement with a major North American manufacturing company

Basware Corporation, stock exchange release, September 1, 2015 at 12:30

Basware signs significant accounts payable automation and e-invoicing agreement with a major North American manufacturing company

Basware has signed an agreement for the delivery of comprehensive accounts payable and e-invoicing services with a major North American manufacturing company. 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. Basware is also providing Basware Analytics for gaining immediate insight into their financial performance and Basware Discount to enable buyer-funded supplier financing. The value of the agreement exceeds EUR 3.3 million over four years. The services will be implemented in six countries globally.

"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. With Basware services, they can easily and securely receive 100% of their over 1.5 million annual invoices as e-invoices via the open Basware Commerce Network. Additionally, they will be using Basware Discount - the latest addition to Basware's Financing Services portfolio - which will enable them to leverage dynamic discounting and enable  closer buyer-supplier relationships by improving working capital positions for both parties", 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