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2016-01-25

Basware: Basware named Best Provider of Working Capital Management Solutions and Accounts Payable by Global Finance

Basware named Best Provider of Working Capital Management Solutions and
Accounts Payable by Global Finance

Ranking recognizes Basware for helping companies optimize cash, working
capital through AP automation, Basware Commerce Network

STAMFORD, Conn., Jan. 25, 2016 -Basware, the leading provider
ofe-invoicingandpurchase-to-paysolutions, today announced that it has been
selected as the best provider of treasury management systems and services
byGlobal Finance magazinewithin two key categories: Best Provider of AP
Solutions, and Best Provider of Integrated Working Capital Management
Solutions. The full report of this survey will be published in the March
2016 issue of the magazine.
"We're honored to once again be recognized by Global Finance for our
leadership in delivering innovative solutions and financial services that not
only empower the buyer supplier relationship, but that also help create about
a new era in B2B commerce," said Bob Cohen, vice president, North America of
Basware. "Through our AP solutions, as well as new financing services powered
by the Basware Commerce Network, we're enabling new opportunities for
strategic invoice payment, as well as other financing options. This will help
transform buyer-supplier commerce in the $100 trillion B2B trade market, and
improve the financial health and cash flow of enterprises, small businesses
and governments around the world."

Basware was recognized by Global Finance for its innovative leadership in
cloud-based accounts payable, e-invoicing and financing solutions and
services, including the following:

* Basware Invoice Automation, the company's flagship product, which expedites
invoice processing and provides enhanced visibility and control of cash,
spend and working capital.
* Basware's e-invoicing solutions, which enable companies to create, send,
receive and archive invoices at a fraction of the time and cost of
traditional methods. By conducting e-invoicing over the Basware Commerce
Network--the largest open B2B network in the world that connects one
million companies across 100 countries - buyers and suppliers can
seamlessly collaborate.
* The company's new Financing Service business offer multiple options for
companies designing a payment strategy including: a global e-Payment
solution (Basware Pay); dynamic discounting (Basware Discount) and an
e-invoicing based, supplier driven, invoice financing service (Basware
Advance). These options enable suppliers and buyers to boost their working
capital and receive funding of their payables or receivables online, and
payment within days, regardless of payment schedules.

In selecting the best providers for its annual Best Treasury&Cash Management
Providers ranking, Global Finance used a multi-tiered assessment
process-which included a readers' poll, input from industry analysts,
corporate executives, technology experts and independent research. A variety
of subjective and objective criteria were considered, including:
profitability, market share and reach, customer service, competitive pricing,
product innovation and the extent to which treasury and cash management
providers have successfully differentiated themselves from their competitors
around core service provision.
"The World of Treasury and Cash Management is evolving. Big banks are focusing
on core clients, and regional and domestic banks are building market share
around that. Plus, nonbank providers continue to offer increasing competition
in a range of product areas," said Joseph D. Giarraputo, publisher and
editorial director of Global Finance. "The winners of Global Finance's
Treasury&Cash Management Awards reflect that changing landscape. These
providers work hard to offer their clients sophisticated, best-of-breed
solutions."

About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in
163 countries. Its circulation is audited by BPA. Global Finance's audience
includes chairmen, presidents, CEOs, CFOs, treasurers and other senior
financial officers responsible for making investment and strategic decisions
at multinational companies and financial institutions. Global Finance also
targets the 8,000 international portfolio investors responsible for more than
80% of all global assets under professional management. Its website --
GFmag.com -- offers analysis and articles that are the heritage of 27 years
of experience in international financial markets, and provides a valuable
source of data on 192 countries. Headquartered in New York, with offices in
London and Milan.

About Basware
Basware is the global leader in providing purchase-to-pay and e-invoicing
solutions in the world of commerce. We empower companies to unlock value
across their financial operations by simplifying and streamlining key
financial processes. We help our customers to succeed and create added value
to their business through better financial management. Our Basware Commerce
Network, the largest open business network in the world, connects 1 million
companies across 100 countries and enables easy collaboration between buyers
and suppliers of all sizes. Through this network, leading companies around
the world achieve new levels of spend control, efficiency, and closer
relations with their suppliers. With Basware, businesses can introduce
completely new ways of buying and selling to achieve significant cost savings
and boost their cash flow. The company's U.S. business, Basware, Inc., is
headquartered in Stamford, Conn.

Find out how Basware helps money move more easily and lets commerce flow
atwww.basware.com.
www.twitter.com/basware

www.facebook.com/BaswareCorporation

www.linkedin.com/company/basware

COMPANY CONTACT:
Robert Cohen
Basware, Inc.
robert.cohen[at]basware.com

203-487-7905

MEDIA CONTACT :
Diane Pardes
Pardes Communications, LLC
dpardes[at]pardescommunications.com

781-652-8059

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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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