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 Tihilä, 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", Tihilä continues. 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 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Basware via Thomson Reuters ONE [HUG#1731584]