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Basware signs e-invoicing services agreement in Belgium, The Netherlands, Germany and France

July 2, 2013 - London

Basware Corporation, Stock Exchange Release, July 2, 2013 at 17:40
Basware signs e-invoicing services agreement in Belgium, The Netherlands, Germany and France
Basware has signed an agreement to deliver e-invoicing services to a waste collection and recycling company via its partner ICreative. The services to be delivered include Basware's Scan & Capture, Supplier Activation services as well as Basware E-Invoice Email Lite. The customer currently uses Basware's Invoice Processing solutions to receive e-invoices. This new agreement now enables the customer to engage their suppliers into the e-invoicing process to remove paper, increase accuracy, speed up payment and turn around time allowing both the customer and suppliers to better manage cash flows. The value of the three-year agreement exceeds EUR 340,000. The services will be deployed in Belgium, The Netherlands, Germany and France.
"With these new services, the customer will be able to receive 100% of their 250,000 annual invoice volume as e-invoices. Incoming paper invoices will be scanned and Supplier Activation services will ensure that suppliers can quickly ramp up to send and receive their invoices as e-invoices and transact across the Basware Commerce Network. Basware E-Invoice Email Lite enables the customer's smaller suppliers to send e-invoices and turn an estimated 50,000 annual invoices sent via pdf into e-invoices. Email Lite is free to small suppliers, therefore allowing all suppliers to participate in getting the benefits from e-invoicing. ICreative has been a Basware re-selling partner since 2003, ICreative recently signed a new agreement to provide Basware's e-invoicing services to their customers available across the Basware Commerce Network. This is an important development of Basware's partner strategy in Europe," says Esa Tihilä, CEO, Basware Corporation.
For more information, please contact
Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098
NASDAQ OMX Helsinki Ltd
Main media

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Source: Basware via Thomson Reuters ONE



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