BasWare - Company Announcement

Basware signs e-invoicing services agreement in Belgium, The Netherlands, Germany and France

Basware Corporation, Stock Exchange Release, July 2, 2013 at 17:40

Basware signs e-invoicing services agreement in Belgium, The Netherlands,
Germany and France

Basware has signed an agreement to deliver e-invoicing services to a waste
collection and recycling company via its partner ICreative. The services to be
delivered include Basware's Scan & Capture, Supplier Activation services as well
as Basware E-Invoice Email Lite. The customer currently uses Basware's Invoice
Processing solutions to receive e-invoices. This new agreement now enables the
customer to engage their suppliers into the e-invoicing process to remove paper,
increase accuracy, speed up payment and turn around time allowing both the
customer and suppliers to better manage cash flows. The value of the three-year
agreement exceeds EUR 340,000. The services will be deployed in Belgium, The
Netherlands, Germany and France."With these new services, the customer will be able to receive 100% of their
250,000 annual invoice volume as e-invoices. Incoming paper invoices will be
scanned and Supplier Activation services will ensure that suppliers can quickly
ramp up to send and receive their invoices as e-invoices and transact across the
Basware Commerce Network. Basware E-Invoice Email Lite enables the customer's
smaller suppliers to send e-invoices and turn an estimated 50,000 annual
invoices sent via pdf into e-invoices. Email Lite is free to small suppliers,
therefore allowing all suppliers to participate in getting the benefits from e-
invoicing. ICreative has been a Basware re-selling partner since 2003, ICreative
recently signed a new agreement to provide Basware's e-invoicing services to
their customers available across the Basware Commerce Network. This is an
important development of Basware's partner strategy in Europe," 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
Main media
www.basware.com

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