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Refinements to Basware’s strategy targets and strategic focus areas

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Basware Corporation, stock exchange release, February 2, 2018 at 08:40am

Refinements to Basware’s strategy targets and strategic focus areas

Basware is the global leader in providing networked source-to-pay, e-invoicing and value-added services. Basware’s key strategic priority for the strategy period 2017-2020 is cloud revenue growth. The company continues to strengthen its leading market position in order to grow cloud revenue.

Vision and mission

Basware’s vision is to deliver the best global solution for purchasing, invoicing and paying. Our mission is to help customers simplify operations and spend smarter.

Cloud revenue growth is Basware’s primary objective and where long-term value in the business will be created. Cloud revenues are comprised of revenues from SaaS, other subscriptions, network transactions and financing services. The company’s main focus is organic growth, supported by a disciplined acquisition strategy.

Strategic focus areas

Basware has defined four strategic focus areas that guide our strategy implementation:

  • Customer value beyond expectations: Customer-centricity is key. We provide customers maximum value across the full customer journey
  • Number 1 networked source-to-pay offering: We have the market-leading, cloud-based, innovative networked source-to-pay solution
  • Largest and smartest commerce network: We have the largest open commerce network in the world and provide our customers with innovative value-added services
  • Undisputed market leader: Position Basware as THE thought leader by promoting innovations, unleashing customer advocacy and growing market share

Refinements to strategy targets

During the current strategy period, the company focuses on scalable Cloud revenue growth. We have two targets:

  • Cloud revenue growth: Cloud revenues to increase by more than 20% CAGR on an organic basis
  • Scalability: Cost of goods sold and operating expenses to grow at a lower rate than cloud revenues on an organic basis.

These refined targets provide clarity of focus to Basware in those areas of the business where we believe most value will be created for the company and its shareholders.

With these actions, Basware aims to further strengthen its global leadership position in networked source-to-pay business and to drive cloud revenue growth.

  
For more information, please contact:

Ben Selby, Head of Investor Relations, Basware Corporation
Tel. +358 50 305 8077, ben.selby@basware.com

  
Distribution:
Nasdaq Helsinki
Key media
www.basware.com/investors

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked source-to-pay solutions, e-invoicing and value-added 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 http://investors.basware.com/en.

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