BasWare - Company Announcement

Basware expands cooperation with Danish jewelry company by delivering accounts payable automation services powered by Alusta

Basware Corporation, stock exchange release, December 19, 2013 at 13:30

Basware expands cooperation with Danish jewelry company by delivering accounts
payable automation services powered by Alusta

Basware will deliver accounts payable automation services to a Danish jewelry
manufacturer and retailer with global operations. The services are powered by
Alusta, Basware's unified cloud-based platform for Purchase-to-Pay. The specific
services to be delivered include invoice automation, receiving of e-invoices and
the scanning service for paper invoices. The value of the agreement is
approximately EUR 700,000 over three years. The services will be implemented
globally."We are pleased to support our customer's global expansion by delivering
scalable services for automating their entire accounts payable process and
enabling 100% of their invoices to be received as e-invoices. This customer is
currently using Basware InvoiceReady(TM), an ideal solution for the needs of
SMB's. As they are now expanding globally, they need a more comprehensive and
globally scalable solution to support their operations. Basware's Alusta
technology offers them an agile platform for purchase-to-pay solutions making it
easy to scale up as their business requirements demand", 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

[HUG#1751165]