Basware Oyj

Business and Financial Review • Jul 2, 2010

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BasWare - Company Announcement

Basware has signed a large deal with a global home furnishing retailer

Basware Corporation stock exchange release, July 2, 2010 at 13:55 Basware will deliver a complete invoice automation solution to a global retailer of home furnishing. The value of the deal is approximately EUR 1 Million of which around EUR 400 K is estimated to be recognized in 2010. The solutions will be implemented in 30 countries globally."This global deal is an important agreement for us and it proves that companies keep on investing in automation of financial processes. Invoice Automation optimizes process performance in financial departments and business units to gain visibility and generate cost savings," says CEO Ilkka Sihvo, Basware Corporation. Basware Invoice Automation (IA) uses automatic, business-rule based matching to minimize the need for time-consuming, repetitive invoice-handling tasks and enable efficient management of exceptions. Basware Invoice Automation optimizes process performance in financial departments and business units, enabling your organization to focus on creating added value for your customers. BASWARE CORPORATION Ilkka Sihvo For more information, please contact: CEO Ilkka Sihvo, Basware Corporation Tel. +358 40 501 8251 Distribution NASDAQ OMX Helsinki Ltd Key media [HUG#1429319]