BAS WARE OYJ 
By Basware Corporation, stock exchange release, January 2, 2013, at 17:15
Basware closes significant agreement on the delivery of Purchase-to-Pay services to Fortum
Basware has signed an extensive agreement on the delivery of Purchase-to-Pay (P2P) services to Fortum. Fortum has already been using several Basware services for invoice, purchase management and travel expense report automation, and the new agreement will expand the cooperation even further. The agreement includes purchase and contract lifecycle management, order matching, catalog management, exchange of purchase messages as well as supplier activation services. The value of three-year agreement exceeds EUR 300,000 and it includes both licenses and services. Basware solutions and services will be deployed at the first stage in the Distribution business area in Finland and Sweden.
"We are delighted to be able to expand our cooperation with Fortum. With the new agreement, Basware will allow Fortum to adopt an electronic and fully automated Purchase-to-Pay process. This will streamline the customer's purchase and financial administration processes and increase cost efficiency. The practical benefits achieved by the customer include easier control of purchases and processing of invoices and messages, while related procedures will become increasingly automated, both internally and between companies," says Esa Tihilä, CEO, Basware Corporation "The agreement also proves Basware's extremely strong position as a supplier of Purchase-to-Pay solutions in Finland and other Nordic countries."
For more information, please contact:
Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.basware.com
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Source: Basware via Thomson Reuters ONE
