BasWare - Company Announcement

Basware expands cooperation with large Danish financial institution by offering purchase-to-pay and e-invoicing services

Basware Corporation, stock exchange release, October 7, 2015 at 10:30

Basware expands cooperation with large Danish financial institution by offering
purchase-to-pay and e-invoicing services

Basware has signed an agreement with a large financial institution in Denmark
for the delivery of purchase-to-pay and e-invoicing services. With the new
agreement, the customer will be using the purchase-to-pay and e-invoicing
services on Basware's flexible cloud-based Alusta platform. The agreement also
includes a travel and expense management solution. The value of the three-year
agreement is approximately EUR 1 million."With Basware's services, this long-term customer has automated their entire
purchase-to-pay process, which enables an easier and faster procurement process
enhancing the visibility and productivity of financial operations", says Esa
Tihilä, CEO, Basware Corporation. "As a strategic partner, we can continuously
develop and enhance the customer's financial processes. The customer benefits
from significant cost savings while strengthening and improving relations with
suppliers, who can easily transact globally via the open Basware Commerce
Network."

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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