Outsourcing of Basware Scan & Capture Production Operations to Xerox closed

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Espoo, Finland, 16 October 2018 – Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has closed and transitioned its global managed service deal with Xerox.

“With this partnership, we have simplified our operations and increased focus in line with our strategy. Now we are in a better position to accelerate our cloud growth, build a scalable global business and strong partner ecosystem around Basware,” said Vesa Tykkyläinen, Chief Executive Officer at Basware.

“This partnership is a natural and strategic match. Our main business is in e-invoicing, while Xerox has best in class scan and capture global capability. Simply put, this partnership allows both parties to use their strengths and create more value together,” continued Tykkyläinen.

Xerox manages Basware’s scan and capture services operation across 28+ countries, providing a quick and cost-effective solution for hundreds of global Basware customers needing to process paper and e-mail invoices as they move towards digitisation.

Contact:
Press@basware.com

About Basware
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware's commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com.

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