BasWare - Company Announcement

Basware delivers comprehensive Purchase to Pay and electronic invoicing services to major insurer in the Nordic region

Basware Corporation, stock exchange release, December 21, 2012 at 14:30

Basware delivers comprehensive Purchase to Pay and electronic invoicing services
to major insurer in the Nordic region

Basware has signed a contract to provide its Purchase to Pay (P2P) and
electronic invoicing services to one of the leading insurers in the Nordic
countries. The contract covers the majority of Basware P2P solutions, e-Invoice
and Basware Scan & Capture Service, in addition to the Basware Travel, Basware
Expense and Basware Mobile solutions. The solutions will be deployed using the
Software as a Service (SaaS) delivery method. The value of the three-year
contract is considerable for Basware. The project to deliver the services will
begin in January 2013."It is evident that organizations are increasingly becoming aware of the
improvements that electronic processing of organizational purchasing brings to
the process and cost efficiency," says Esa Tihilä, CEO Basware Corporation."With this comprehensive selection of solutions and services, the customer will
gain great visibility, accuracy and agility by utilizing a high level of
automation."

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#1667043]