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2007-04-18 10:00:00 CEST 2007-04-18 10:00:00 CEST REGULATED INFORMATION BasWare - Company AnnouncementBasWare to deliver an Invoice Automation solution to ADTBASWARE CORP. STOCK EXCHANGE RELEASE APRIL 18, 2007 BasWare Corporation will provide security service company ADT, a division of Tyco, with BasWare Invoice Processing and matching solutions as well as the BasWare KPI Reporting Tool. The value of the order is approximately EUR 280 thousand. BasWare's solutions will be implemented in ADT's locations in the UK and will have a total of 1,200 end-users. The solutions are used to process approximately 500,000 purchase invoices annually and will be tightly integrated with ADT's two ERP systems. The BasWare KPI Reporting Tool extracts data from the BasWare solutions to provide ADT with comprehensive information on their purchase to pay process efficiency. Based on specific metrics selected by ADT, the company can continuously monitor and improve their processes. BasWare Invoice Processing, BasWare Contract Matching and BasWare Order Matching as well as the BasWare KPI Reporting Tool are part of the company's Enterprise Purchase to Pay solution suite. BasWare Invoice Processing eliminates manual processing of purchase invoices, enabling electronic workflow, revision, cost allocation and approval of invoices, as well as transfer to the company's accounts payable system. BasWare Contract Matching enables the automatic identification and approval of recurring invoices according to defined approval rules. BasWare Order Matching automatically matches purchase invoices with approved purchase orders. For more information, please contact CEO Ilkka Sihvo, BasWare Corp. Tel. +358 9 8791 7251 or +358 40 501 8251 Distribution Helsinki Stock Exchange Key media www.basware.com |
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