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2015-10-07

Basware: Basware expands cooperation with large Danish financial institution by offering purchase-to-pay and e-invoicing services

Basware Corporation, stock exchange release, October 7, 2015 at 10:30
Basware expands cooperation with large Danish financial institution by
offering purchase-to-pay and e-invoicing services
Basware has signed an agreement with a large financial institution in Denmark
for the delivery of purchase-to-pay and e-invoicing services. With the new
agreement, the customer will be using the purchase-to-pay and e-invoicing
services on Basware's flexible cloud-based Alusta platform. The agreement
also includes a travel and expense management solution. The value of the
three-year agreement is approximately EUR 1 million.

"With Basware's services, this long-term customer has automated their entire
purchase-to-pay process, which enables an easier and faster procurement
process enhancing the visibility and productivity of financial operations",
says Esa Tihilä, CEO, Basware Corporation. "As a strategic partner, we can
continuously develop and enhance the customer's financial processes. The
customer benefits from significant cost savings while strengthening and
improving relations with suppliers, who can easily transact globally via the
open Basware Commerce Network."

For more information, please contact:
Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

Distribution:

NASDAQ OMX Helsinki Ltd
Main media
www.basware.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Basware via Globenewswire

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