Basware: Basware expands cooperation with the largest invoice sender in Finland by delivering e-invoicing service to cover all of their outbound invoicing

Basware Corporation Stock Exchange Release, December 19, 2013 at 16:50

Basware expands cooperation with the largest invoice sender in Finland by delivering e-invoicing service to cover all of their outbound invoicing

Basware is expanding cooperation with its customer by delivering an outbound e-invoicing service. The customer's invoice sending volumes are the highest in Finland. The service will allow the customer to send electronic invoices to both private and corporate customers. They are already using Basware's purchase-to-pay and e-invoicing for receiving solutions as a service. The open-ended agreement is of significant value to Basware. The service will be rolled out in phases to private and corporate customers during the spring.

"We are extremely pleased to be able to provide our customer with services that will increase the efficiency of their operations, and deepen our partnership. The customer sends up to 250,000 invoices a day and 8 million annual e-invoices to private and corporate customers. Corporate customers will receive e-invoices directly into their systems which enables automated invoice processing. Private customers will receive e-invoices in their online banking services. The volume of e-invoices will increase with the adoption of SEPA: as e-invoices replace current direct debiting. The customer will achieve significant process and cost benefits and a possibility to use all of our services through the Basware Commerce Network. Our network is constantly growing as companies strive to increase the proportion of invoices sent as e-invoices. Businesses are also working to activate their suppliers and customers to adopt e-invoicing," says Esa Tihilä, CEO, Basware Corporation.

For more information, please contact

Esa Tihilä, CEO, Basware Corporation
Tel. [phone]

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

HUG#1751286