Basware to deliver Enterprise Purchase to Pay Solutions along with
Basware Connectivity Services to
Basware to deliver Enterprise Purchase to Pay Solutions along with Basware Connectivity Services to a Major Healthcare Company in the US
(Thomson Reuters ONE) - Basware Corporation stock exchange release, July 6, 2009 at 12:00Basware will deliver its' Enterprise Purchase to Pay (EPP) solutionalong with Basware Conenctivity services (including scan and capture)to a major healthcare company in the US. The value of the agreementis over EUR one million in a three-year-period including licenses,professional services and Basware Connectivity services witheinvoicing scan and capture. The license and service revenue will berecognized during the last quarter of 2009 and Connectivity servicesduring the next three years.With Basware's Connectivity services companies can receive allinvoices in electronic format into their invoice processing solution.Basware will scan and validate the incoming paper invoices anddeliver them as e-invoices to Basware Invoice Processing."There has been a clear demand for Basware's purchase to paysolutions, including our recently announced Connectivity services, inmarkets around the world and this sale is another example of this.Our purchase to pay solutions enable companies to gain visibility andcontrol over business-critical financial processes. The BaswareConnectivity services allow companies to handle purchase to payprocesses online and make their internal processes more efficient,"said CEO Ilkka Sihvo, Basware Corporation.BASWARE CORPORATIONIlkka SihvoFor more information, please contact:CEO Ilkka Sihvo, Basware CorporationTel. +358 9 8791 7251 or +358 40 501 8251DistributionNASDAQ OMX Helsinki LtdKey mediaThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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