Basware signs agreement with Siemens

October 6, 2010  |  Electronic Invoicing

Basware will deliver its Connectivity Services to Siemens, the global power house in electronics and electrical engineering.  The value of the deal is approximately EUR 1.5 Million over 3 years.

Connectivity Services include outsourced Scan and Capture which transfers paper invoices into electronic format and Basware Business Transactions Service enables the customer to receive and send invoices in an electronic format. The number of invoices to be transacted through Basware’s service averages approximately one million in a year. The solutions will initially be implemented in Central and Southern Europe, with further deployments planned altogether to 25 countries.

“We are pleased to see that electronic invoicing is gaining more and more ground on the markets which supports our strategy. Our solutions are modular and can expand together with our customers’ businesses to meet their growth demands,” says CEO Ilkka Sihvo, Basware Corporation.
The Basware Connectivity service offers a variety of ways to exchange e-invoices and purchase messages between suppliers and buyers.  Outsourced Basware Scan and Capture services transfers paper invoices into electronic format. Basware Business Transactions Service enables the customer to receive and send invoices in an electronic format.  Basware Supplier Portal publishes or downloads information and completes transactions online.


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