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Basware: Basware signs accounts payable and e-invoicing agreement with major industrial corporation in France

Basware Corporation, stock exchange release, June 3, 2016 at 11:00
Basware signs accounts payable and e-invoicing agreement with major industrial
corporation in France
Basware has signed an agreement for the delivery of accounts payable and
e-invoicing services with a major industrial corporation in France. 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 scanning services for paper invoices in several
countries. The value of the agreement exceeds EUR 2.3 million over five

"The customer has launched a significant transformation project to increase
efficiency in their financial processes. Basware's services enable the
customer to create paperless and highly automated processes globally which
forms the core of the transformation. Switching to e-invoicing will deliver
significant cost and process benefits," says Esa Tihilä, CEO, Basware
Corporation. "We are excited to establish a strategic partnership with this
major customer and provide services that take their invoice handing process
to a completely new level."

For more information, please contact:
Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation
Tel. +358 50 557 3822


Nasdaq Helsinki
Key media

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
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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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