BasWare - Company Announcement

Basware signs accounts payable and e-invoicing agreement with luxury brand retailer in France

Basware Corporation, stock exchange release, April 6, 2016 at 14:30

Basware signs accounts payable and e-invoicing agreement with luxury brand
retailer in France

Basware has signed an agreement for the delivery of accounts payable and e-
invoicing services with a luxury brand retailer, a new customer in France. The
solutions are powered by Alusta, Basware's unified cloud-based platform for
purchase-to-pay. The agreement includes accounts payable automation with 100%
inbound e-invoicing and a scanning solution for paper invoices. The value of the
agreement is approximately EUR 1.1 million over five years.

"We are excited to form a strategic partnership with this new major customer and
provide services that enhance their financial operations and improve relations
with suppliers, who can easily transact globally via Basware's network. E-
invoicing is one of the key enablers of a fully automated accounts payable
function. With Basware's services, the customer can easily and securely receive
100% of their 300,000 annual invoices as e-invoices, which provides significant
cost and process benefits," says Esa Tihilä, CEO, Basware Corporation.

For more information, please contact:

Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation
Tel. +358 50 557 3822

Distribution:
Nasdaq Helsinki
Key media
www.basware.com/investors

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to-
pay solutions, e-invoicing and innovative financing services. Basware's commerce
and financing network connects businesses in over 100 countries and territories
around the globe. As the largest open business network in the world, Basware
provides scale and reach for organizations of all sizes, enabling them to grow
their business and unlock value across their operations by simplifying and
streamlining financial processes. Small and large companies around the world
achieve significant cost savings, more flexible payment terms, greater
efficiencies and closer relationships with their suppliers. Find out more at
www.basware.com/investors.

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