BasWare - Company Announcement

Basware expands cooperation to cover the entire purchase to pay (P2P) process with a Finnish housing services provider

Basware Corporation, stock exchange release, December 30, 2014 at 14:00

Basware expands cooperation to cover the entire purchase to pay (P2P) process
with a Finnish housing services provider

Basware has expanded its cooperation with a Finnish provider of housing services
and signed an agreement on the delivery of comprehensive purchase to pay (P2P)
services. The services are powered by Alusta, Basware's unified cloud-based
platform for purchase to pay. The customer is already using Basware's accounts
payable solution, and the cooperation will be expanded to cover the entire
purchasing process, catalog services, and inbound and outbound e-invoicing with
supplier activation services. In addition, the agreement covers the Basware
Analytics for gaining real-time visibility to purchasing and financial
indicators, and mobile solution, which enables reviewing and approving purchase
orders and invoices regardless of time and place. The value of the agreement
exceeds EUR 350,000 over five years."Automating the entire purchase to pay process will empower the customer to
streamline operations, increase control and cut costs. Basware's scalable P2P
services support the customer's strong growth strategy, and visual reports
provide insights to the entire purchasing process, helping to make better
decisions. Expanding the use of e-invoicing services will decrease costs,
increase efficiency, and enhance the predictability of cash flows," says Esa
Tihilä, CEO, Basware Corporation. "We are pleased to continue our relationship
with our customer and to further expand support to their purchasing and
financial operations and continue to improve their core financial processes."

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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