BasWare - Company Announcement

Basware signs accounts payable and e-invoicing agreement with GKN Driveline in the US

Basware Corporation, stock exchange release, February 9, 2016 at 12:00

Basware signs accounts payable and e-invoicing agreement with GKN Driveline in
the US

Basware has signed an agreement for the delivery of accounts payable and e-
invoicing services with GKN Driveline North America, Inc. ("GKN Driveline"), a
new customer in the US. 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 supplier activation
services. Basware is also providing Basware Analytics for gaining immediate
insight into financial performance and a mobile solution, which gives access to
financial processes regardless of time and place. The value of the agreement
exceeds 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 boost the e-invoice
adoption significantly among their suppliers. GKN Driveline can easily and
securely receive 100% of their invoices as e-invoices via the open Basware
Commerce Network. Visual reports will help the management to make better
decisions, while mobility benefits end-users who can review and approve invoices
on the move", says Esa Tihilä, CEO, Basware Corporation.

About GKN Driveline
GKN Driveline is the world's leading supplier of automotive driveline components
and systems. As a global company serving the world's leading vehicle
manufacturers, GKN Driveline develops, builds and supplies an extensive range of
automotive driveline components - for use in the smallest ultra low-cost car to
the most sophisticated premium vehicle demanding the most complex driving
dynamics. GKN Driveline is a leading global producer of CVJ Systems, AWD
Systems, Trans Axle Solutions and eDrive Systems and operates in 22 countries at
45 locations employing approximately 26,500 people.

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

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


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