Basware Oyj

Regulatory Filings • Dec 23, 2013

Disclosure 311599

BasWare - Company Announcement

Basware renews invoice automation agreement with major public organization in Finland

Basware Corporation, stock exchange release, December 23, 2013 at 15:00 Basware renews invoice automation agreement with major public organization in Finland Basware has renewed the agreement on the delivery of invoice automation services with a major public organization in Finland. The services enable the customer to process all received invoices electronically. The customer also uses Basware's procurement solutions as a SaaS service. The value of the renewed contract is approximately EUR 400,000 over the next three years."The renewed agreement proves that we have created a strong strategic partnership with our customer. A transparent Purchase to Pay process that is easy to manage has been created for the client, offering the client cost-savings as well as significant efficiency improvements," says Esa Tihilä, CEO, Basware Corporation. "With businesses increasingly sending e-invoices in addition to receiving them, public organizations are also adopting electronic invoicing and procurement at a rapid pace. All of the parties also have access to the benefits of the Basware Commerce Network, which connects buyers and sellers to facilitate easier and more fluent processing of invoices and more efficient business for everyone in the network." 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#1751853]