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2015-04-10

Basware: Basware signs accounts payable automation and e-invoicing agreement with leading hotel operator in Germany

Basware Corporation, stock exchange release, April 10, 2015 at 13:00
Basware signs accounts payable automation and e-invoicing agreement with
leading hotel operator in Germany

Basware has signed an agreement for the delivery of accounts payable
automation and e-invoicing services with a globally leading hotel operator in
Germany. The services are powered by Alusta, Basware's unified cloud-based
platform for purchase-to-pay. The agreement includes invoice automation and
100% inbound e-invoicing with scanning services in Germany and Austria. The
value of the agreement exceeds EUR 900,000 over three years.

"The adoption of e-invoicing is an important step for this customer in
improving business processes. The customer is able to automate and streamline
the processing of all the inbound invoices for over 250 hotels in the region.
By joining the Basware Commerce Network, they can collaborate, trade and
achieve closer relations with their business partners," says Esa Tihilä, CEO,
Basware Corporation. "We are very happy to see our footprint strengthening
further in the hospitality industry and in one of our key markets."

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

Distribution:
NASDAQ OMX Helsinki Ltd
Key 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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