BasWare - Company Announcement

Basware signs a significant purchase-to-pay and e-invoicing agreement with a major North American health care corporation

Basware Corporation, stock exchange release, July 10, 2015 at 09:15

Basware signs a significant purchase-to-pay and e-invoicing agreement with a
major North American health care corporation

Basware has expanded its cooperation and signed a significant agreement with a
major corporation in the health care industry in the US for the delivery of
purchase-to-pay (P2P) and e-invoicing solutions. The customer will transition
from its current Basware solutions to Alusta, Basware's unified cloud-based
platform for purchase-to-pay. With the agreement, the customer will have the
full P2P support provided by Alusta, including 100% inbound e-invoicing and
scanning services, as well as supplier portal and supplier activation services,
providing easy options for suppliers to start sending e-invoices. Also included
in the agreement are Basware Analytics, which will provide immediate insight
into their financial performance and a mobile solution, which enables reviewing
and approving of P2P invoices easily, regardless of time and place. The value of
the 5-year services agreement is approximately EUR 2.9 million."We are very pleased to strengthen our relationship with this long-term customer
and to further expand support to their financial operations and core financial
processes. The customer processes approximately 1.5 million invoices annually.
Basware solutions enable them to cut costs and complexity and quickly switch to
100% paperless invoicing. They will gain spending transparency to help make
better financial decisions. At the same time they can experience the true
benefit of connected global commerce via the Basware Commerce Network, an open
network that allows buyers and suppliers of all sizes to collaborate and trade",
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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