Basware: Ramirent Group adopts Basware's Transactions Service solution powered by Alusta for processing e-invoices in the Nordic countries, the Baltic countries, and Poland

Basware Corporation, stock exchange release, July 4, 2012 at 16:00

Ramirent Group adopts Basware's Transactions Service solution powered by Alusta for processing e-invoices in the Nordic countries, the Baltic countries, and Poland

Basware will provide Ramirent Group with a comprehensive e-invoice and invoice processing solution in the Nordic countries, the Baltic countries, and Poland. Ramirent will migrate current generation Invoice Processing, Scan & Capture and e-invoicing solutions and services on to Basware's new Alusta platform. The contract consists of both licenses and services and the value of the multi-year deal is significant for Basware. The delivery of the solution will begin in the fall.
                                            
"The Alusta platform combines all of Basware's knowledge of financial processes, which ensures smooth electronic transactions for organizations of all sizes," says Esa Tihilä, CEO, Basware Corporation. "By using Alusta, Ramirent will make its internal invoicing processes even easier and faster, and they will benefit from a fully electronic, smooth, and automated e-invoice process," Tihilä continues.

Ramirent is a leading equipment rental group delivering Dynamic Rental Solutions that simplify business. Ramirents serves a broad range of customers, including construction and process industries, shipyards, the public sector and households. In 2011, Group sales totalled EUR 650 million. The Group has some 3,200 employees at 406 locations in 13 countries in Northern, Central and Eastern Europe.

Basware's new Alusta technology, cloud-based B2B platform for electronic transactions across the Open Network, was launched in February and it is a milestone in Basware's strategic transition and shift towards a service-oriented business model. It provides an open, secure, and global electronic commerce ecosystem that streamlines the purchase-to-pay and invoicing processes of all business partners.

For more information, please contact:
Esa Tihilä, CEO, Basware Corporation
Tel. [phone]

Distribution:
NASDAQ OMX Helsinki Ltd
Key media

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