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Basware signs e-invoicing services agreement with leading distributor of industrial products and services in the UK


December 30, 2013 - London

Basware Corporation, stock exchange release, December 30, 2013 at 15:30

Basware signs e-invoicing services agreement with leading distributor of industrial products and services in the UK

Basware will deliver e-invoicing solutions to Europe's leading distributor of industrial maintenance and repair products and services in the UK. The specific Basware services to be delivered include inbound e-invoicing and scanning services for paper invoices. The value of the agreement is EUR 600,000 over three years. The services will be deployed in early 2014.

"Basware's e-invoicing services will enable this customer to electronically receive all of their 650,000 annual invoices. The customer will benefit from improved vendor relationships through online collaboration, and improved quality and accelerated processing of invoices. We will also help our customer to develop a comprehensive invoice strategy to support their growth and enhance efficiencies further across their current paper based accounts payable process", says Esa Tihilä, CEO, Basware Corporation. "This agreement is yet another step towards our goal to reach 150 million transactions in the Basware Commerce Network by 2015. It is also a great example how our position is strengthening in our key markets", Tihilä continues.

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




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Basware via Globenewswire

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