BasWare - Company Announcement

Basware signs purchase-to-pay automation and e-invoicing agreement with major financial institution in New Zealand

Basware Corporation, stock exchange release, December 29, 2015 at 10:00

Basware signs purchase-to-pay automation and e-invoicing agreement with major
financial institution in New Zealand

Basware has signed an agreement for the delivery of purchase-to-pay automation
and e-invoicing services with a major financial institution in New Zealand. The
solutions are powered by Alusta, Basware's unified cloud-based platform for
purchase-to-pay. The agreement includes purchase-to-pay automation and 100%
inbound e-invoicing. Basware is also providing Basware Analytics for gaining
immediate insight into their financial performance. The value of the agreement
exceeds EUR 1 million over five years.

"Basware's globally scalable services to the entire purchase-to-pay cycle
enables our customer to transform their procurement and AP processes and provide
visibility they need to make better financial decisions. They can easily and
securely receive 100% of their invoices as e-invoices via the open Basware
Commerce Network and benefit from networked purchase-to-pay which empowers them
with financial agility and enables deep collaboration between finance, accounts
payable, procurement, treasury and trading partners", says Esa Tihilä, CEO,
Basware Corporation.

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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