BasWare - Company Announcement

Basware signs accounts payable automation and e-invoicing agreement with a major retail company in Sweden

Basware Corporation, stock exchange release, November 16, 2015 at 12:30

Basware signs accounts payable automation and e-invoicing agreement with a major
retail company in Sweden

Basware has signed an agreement for the delivery of comprehensive accounts
payable and e-invoicing services with a major retail company in Sweden. The
solutions are powered by Alusta, Basware's unified cloud-based platform for
purchase-to-pay. The agreement includes accounts payable automation and 100%
inbound e-invoicing with scanning services. Basware is also providing Basware
Analytics for gaining immediate insight into performance and a mobile solution,
which gives access to financial processes regardless of time and place. The
value of the agreement is EUR 1.1 million over three years."We are excited to form a strategic partnership with this customer and provide
comprehensive services that enhance their financial operations and provide
visibility they need to make better financial decisions. Mobility benefits end-
users who can review and approve invoices on the move. With Basware services,
the customer can easily and securely receive 100% of their hundreds of thousands
of annual invoices as e-invoices via the open Basware Commerce Network. Basware
will also support the customer in activating their suppliers who send paper
invoices to send true e-invoices", 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
Key media
www.basware.com

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