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Basware: Basware signs accounts payable and e-invoicing agreement with GKN Driveline in the US

Basware Corporation, stock exchange release, February 9, 2016 at 12:00

Basware signs accounts payable and e-invoicing agreement with GKN Driveline in
the US

Basware has signed an agreement for the delivery of accounts payable and
e-invoicing services with GKN Driveline North America, Inc. ("GKN
Driveline"), a new customer in the US. The solutions are powered by Alusta,
Basware's unified cloud-based platform for purchase-to-pay. The agreement
includes accounts payable automation with 100% inbound e-invoicing and
supplier activation services. Basware is also providing Basware Analytics for
gaining immediate insight into financial performance and a mobile solution,
which gives access to financial processes regardless of time and place. The
value of the agreement exceeds EUR 1.1 million over five years.

"We are excited to form a strategic partnership with this new major customer
and provide services that enhance their financial operations and boost the
e-invoice adoption significantly among their suppliers. GKN Driveline can
easily and securely receive 100% of their invoices as e-invoices via the open
Basware Commerce Network. Visual reports will help the management to make
better decisions, while mobility benefits end-users who can review and
approve invoices on the move", says Esa Tihilä, CEO, Basware Corporation.

About GKN Driveline
GKN Driveline is the world's leading supplier of automotive driveline
components and systems. As a global company serving the world's leading
vehicle manufacturers, GKN Driveline develops, builds and supplies an
extensive range of automotive driveline components - for use in the smallest
ultra low-cost car to the most sophisticated premium vehicle demanding the
most complex driving dynamics. GKN Driveline is a leading global producer of
CVJ Systems, AWD Systems, Trans Axle Solutions and eDrive Systems and
operates in 22 countries at 45 locations employing approximately 26,500

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


Nasdaq Helsinki
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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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