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Three recent Basware deals, worth over EUR 6 million

1
Basware signs significant accounts payable automation and e-invoicing agreement with a major North American manufacturing company
Basware has signed an agreement for the delivery of comprehensive accounts payable and e-invoicing services with a major North American manufacturing company. The solutions are powered by Alusta, Basware’s unified cloud-based platform for purchase-to-pay. The agreement includes accounts payable automation and 100% inbound e-invoicing. Basware is also providing Basware Analytics for gaining immediate insight into their financial performance and Basware Discount to enable buyer-funded supplier financing. The value of the agreement exceeds EUR 3.3 million over four years. The services will be implemented in six countries globally.
2
Basware expands cooperation with major Finnish corporation in the energy and ICT industry by delivering source-to-pay and e-invoicing services
Basware has signed an agreement on the delivery of source-to-pay and e-invoicing services to a Finnish multinational corporation in the energy and ICT industry. The customer is currently using license-based invoice automation solutions. The new agreement includes a comprehensive source-to-pay solution and inbound e-invoicing. In addition, Basware will deliver a contract management solution, supplier services and the Basware Analytics reporting solution. The new services will be deployed in five countries. The value of the three-year agreement is approximately EUR 450,000.
3
Basware signs a significant purchase-to-pay and e-invoicing agreement with a major North American health care corporation
Basware has expanded its cooperation and signed a significant agreement with a major corporation in the health care industry in the US for the delivery of purchase-to-pay (P2P) and e-invoicing solutions. The customer will transition from its current Basware solutions to Alusta, Basware’s unified cloud-based platform for purchase-to-pay. With the agreement, the customer will have the full P2P support provided by Alusta, including 100% inbound e-invoicing and scanning services, as well as supplier portal and supplier activation services, providing easy options for suppliers to start sending e-invoices. Also included in the agreement are Basware Analytics, which will provide immediate insight into their financial performance and a mobile solution, which enables reviewing and approving of P2P invoices easily, regardless of time and place. The value of the 5-year services agreement is approximately EUR 2.9 million.

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