BasWare to deliver an Invoice Automation solution to ADT
BASWARE CORP. STOCK EXCHANGE RELEASE APRIL 18, 2007
BasWare Corporation will provide security service company ADT, a division of
Tyco, with BasWare Invoice Processing and matching solutions as well as the
BasWare KPI Reporting Tool. The value of the order is approximately EUR 280
thousand.
BasWare's solutions will be implemented in ADT's locations in the UK and will
have a total of 1,200 end-users. The solutions are used to process approximately
500,000 purchase invoices annually and will be tightly integrated with ADT's two
ERP systems. The BasWare KPI Reporting Tool extracts data from the BasWare
solutions to provide ADT with comprehensive information on their purchase to pay
process efficiency. Based on specific metrics selected by ADT, the company can
continuously monitor and improve their processes.
BasWare Invoice Processing, BasWare Contract Matching and BasWare Order Matching
as well as the BasWare KPI Reporting Tool are part of the company's Enterprise
Purchase to Pay solution suite. BasWare Invoice Processing eliminates manual
processing of purchase invoices, enabling electronic workflow, revision, cost
allocation and approval of invoices, as well as transfer to the company's
accounts payable system. BasWare Contract Matching enables the automatic
identification and approval of recurring invoices according to defined approval
rules. BasWare Order Matching automatically matches purchase invoices with
approved purchase orders.
For more information, please contact
CEO Ilkka Sihvo, BasWare Corp.
Tel. +358 9 8791 7251 or +358 40 501 8251
Distribution
Helsinki Stock Exchange
Key media
www.basware.com