Basware expands e-invoicing services agreement with major German automotive company in Europe, US and Canada
Basware Corporation, stock exchange release, September 26, 2013 at 13:00
Basware expands e-invoicing services agreement with major German automotive
company in Europe, US and Canada
Basware has expanded the agreement to provide its e-invoicing services to one of
the world's largest automotive companies in 14 European countries, US and
Canada. The services to be delivered include e-invoicing, scan & capture,
supplier portal, and supplier activation. The value of the deal is EUR 450,000
over the next three years. The implementation project will start initially in
Spain, and roll out to the remaining countries during 2014 and 2015.
This agreement is a third extension to the cooperation between Basware and the
customer, previous extensions have covered the Asia Pacific region and China.
"The customer processes 700,000 annual invoices in the countries covered under
the new agreement. Basware has been selected as the global provider of e-
invoicing services as the customer continues on its journey towards 100% e-
invoicing. This way the customer can experience the true benefit of connected
global commerce via the Basware Commerce Network, an open network that allows
buyers and suppliers of all sizes to collaborate and trade", says Esa TihilÃ¤,
CEO, Basware Corporation. "Strengthening our position in the automotive industry
is one of our key strategic goals, and this agreement yet again demonstrates our
ability to expand our reach in the industry", TihilÃ¤ continues.
For more information, please contact:
Esa TihilÃ¤, CEO, Basware Corporation
Tel. +358 40 480 7098
NASDAQ OMX Helsinki Ltd
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Source: Basware via Thomson Reuters ONE