Basware closes Million deal in the EMEA Region

August 26, 2008  |  Uncategorized

Basware, the leading provider of financial process automation software, today announced that one of the largest global medical products companies has chosen the Basware Enterprise Purchase to Pay (EPP) solution. The solution will be implemented in the EMEA Region, covering some twenty countries, fifteen different languages and over 3,000 employees utilizing a Shared Services Centre approach in Prague. The value of the agreement exceeds EUR 1 Million.

The end-to-end Basware Enterprise Purchase to Pay solution includes procurement, automated order matching, invoice workflow, contract matching and contract lifecycle management as the key components.

“We are pleased to deliver this comprehensive solution to support our customer’s business objectives. This is an important agreement for us in the EMEA Region and via a Shared Services approach. More and more companies are implementing end-to-end solutions from Basware to gain control, realize cost savings, and standardize best practice across disparate units. Many times, as in this case, it is part of an overall finance transformation program,” says Ilkka Sihvo, CEO, Basware Corporation.

About Basware
Basware is the global leader in purchase to pay solutions with more than 1,200 customers and 650,000 users in over 50 countries around the world. Basware solutions automate business-critical financial processes and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners.

In 2007, net sales reached EUR 73 million. The growth target for net sales for 2008 is 15–25%. Founded in 1985, Basware Corporation is a public company listed on the Nordic Exchange Helsinki. Headquartered in Finland, it has seven subsidiaries in Europe and one in the US. www.basware.com

More information:

Euro RSCG Bikker
Jacob-Jan Esmeijer
T (010) 277 44 44
E basware@eurorscg.nl
Basware Corporation
Ilkka Sihvo
Chief Executive Officer
T +358 40 501 8251


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