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2009-04-02 14:06:35 CEST 2009-04-02 14:07:09 CEST REGULATED INFORMATION BasWare - Corporate ActionBasware to deliver Enterprise Purchase to Pay (EPP) solution to DNA GroupBasware to deliver Enterprise Purchase to Pay (EPP) solution to DNA Group Basware Stock Exchange Release, April 3, 2009 A Finnish data communication group DNA has made a decision to take into use the Basware Enterprise Purchase to Pay (EPP) solution in the entire corporation. The value of the agreement exceeds EUR 300 000. In addition, DNA Group extends its present use of SEPA solution complying with the Single European Payment Area. The implementation of the EPP solution will be started immediately. Basware Enterprise Purchase to Pay (EPP) suite includes also the Basware Contract Lifecycle Management (CLM) solution launched in 2008. CLM supports all corporate contract types. It delivers value through its integrated purchase to pay process automation that includes automated handling of contract-based invoices, contract-based self-billing and automatic handling of purchase orders based on contract definitions."This is an important agreement for us and it proves that companies are investing in automation of financial processes and seek for cost savings also during economic recession. Basware Enterprise Purchase to Pay solution enables companies to concentrate on their core business and achieve a fast return on investment," says Ilkka Sihvo, CEO at Basware Corporation."We wanted to develop our purchase and order processes and simultaneously seek for cost savings. Basware Enterprise Purchase to Pay solution meets perfectly our needs," says Mr. Simo Mustila, CFO at DNA Group. DNA Ltd is a Finnish telecommunications company providing high-quality, state-of-the-art voice, data and mobile communications and TV services to private customers, organisations and corporations. DNA Group's turnover was EUR 647 million and profit EUR 69 million in 2008. DNA has more than 2.3 million customers. Basware Enterprise Purchase to Pay solution automates three key support processes: procurement, accounts payable, and travel & expense management. BASWARE CORP. Ilkka Sihvo For more information, please contact CEO Ilkka Sihvo, Basware Corp. Tel. +358 9 8791 7251 or +358 40 501 8251 Simo Mustila, CFO, DNA Oy Tel. +358 44 2203 300 Distribution OMX Nordic Exchange Helsinki Key media |
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