Basware Oyj

Regulatory Filings • Dec 19, 2013

Disclosure 311510

BasWare - Company Announcement

Basware expands cooperation with Danish jewelry company by delivering accounts payable automation services powered by Alusta

Basware Corporation, stock exchange release, December 19, 2013 at 13:30 Basware expands cooperation with Danish jewelry company by delivering accounts payable automation services powered by Alusta Basware will deliver accounts payable automation services to a Danish jewelry manufacturer and retailer with global operations. The services are powered by Alusta, Basware's unified cloud-based platform for Purchase-to-Pay. The specific services to be delivered include invoice automation, receiving of e-invoices and the scanning service for paper invoices. The value of the agreement is approximately EUR 700,000 over three years. The services will be implemented globally."We are pleased to support our customer's global expansion by delivering scalable services for automating their entire accounts payable process and enabling 100% of their invoices to be received as e-invoices. This customer is currently using Basware InvoiceReady(TM), an ideal solution for the needs of SMB's. As they are now expanding globally, they need a more comprehensive and globally scalable solution to support their operations. Basware's Alusta technology offers them an agile platform for purchase-to-pay solutions making it easy to scale up as their business requirements demand", 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#1751165]