Basware Oyj — M&A Activity 2015

Nov 16, 2015

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BasWare - Company Announcement

Basware signs accounts payable automation and e-invoicing agreement with a major retail company in Sweden

Basware Corporation, stock exchange release, November 16, 2015 at 12:30 Basware signs accounts payable automation and e-invoicing agreement with a major retail company in Sweden Basware has signed an agreement for the delivery of comprehensive accounts payable and e-invoicing services with a major retail company in Sweden. The solutions are powered by Alusta, Basware's unified cloud-based platform for purchase-to-pay. The agreement includes accounts payable automation and 100% inbound e-invoicing with scanning services. Basware is also providing Basware Analytics for gaining immediate insight into performance and a mobile solution, which gives access to financial processes regardless of time and place. The value of the agreement is EUR 1.1 million over three years."We are excited to form a strategic partnership with this customer and provide comprehensive services that enhance their financial operations and provide visibility they need to make better financial decisions. Mobility benefits end- users who can review and approve invoices on the move. With Basware services, the customer can easily and securely receive 100% of their hundreds of thousands of annual invoices as e-invoices via the open Basware Commerce Network. Basware will also support the customer in activating their suppliers who send paper invoices to send true e-invoices", says Esa Tihilä, CEO, Basware Corporation. 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 [HUG#1966985]