Basware expands its relationship with major brewing company providing cloud based accounts payable and e-invoicing services into North America

Basware Corporation, stock exchange release, June 11, 2014 at 12:00

Basware expands its relationship with major brewing company providing cloud based accounts payable and e-invoicing services into North America

Basware has expanded cooperation with a major brewing company and signed an agreement for the delivery of accounts payable automation and e-invoicing services in North America. The services are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes invoice automation with BasWare Analytics and 100% inbound e-invoicing services. Basware will also support the activation of the many local suppliers to start sending e-invoices as well as provide a portal for supplier collaboration. The value of the agreement exceeds EUR 300,000 over three years. The customer has previously deployed Basware's solutions for accounts payable at their headquarters in Europe.

"We are pleased to continue our relationship with our long-term customer and to further expand support to their financial operations and core financial processes into their North American operations", says Esa Tihilä, CEO, Basware Corporation. "The customer is able to easily collaborate across the Basware Commerce Network, the largest open business network in the world, whilst driving efficiency, scale and strengthening supplier-buyer relationships."

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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Source: Basware via Globenewswire
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