BasWare - Company Announcement

Basware signs accounts payable automation and e-invoicing agreement with information services company in North America

Basware Corporation, stock exchange release, October 9, 2014 at 15:00

Basware signs accounts payable automation and e-invoicing agreement with
information services company in North America

Basware has signed an agreement for the delivery of accounts payable automation
and e-invoicing services with an information services company in North America.
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 supplier activation services. Basware is also providing Basware
Analytics for gaining immediate insight into their financial performance and a
mobile solution for processing e-invoices. The value of the agreement is EUR
300,000 over three years."The customer aims to standardize and automate their accounts payable process
and eliminate all paper handling during the process. These services enable the
customer to achieve their objectives, cut costs and complexity and quickly
switch to 100% paperless invoicing. They will achieve spending transparency and
harness the power of easy visualization technologies to make better financial
decisions. We will also help their suppliers to adopt and reap the benefits of
e-invoicing quickly and easily and generate more value through their
participation across the Basware Commerce Network to drive efficiency, scale and
help strengthen all important supplier-buyer relationships", says Esa Tihilä,
CEO, Basware Corporation.

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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