Basware Expands Connectivity Services to Enable Full Purchase-to-Pay Automation

Basware Connectivity Integrates the Entire Purchase-to-Pay Process Including Cataloguing, Procurement, Fulfillment Reporting and e-invoicing

GUILDFORD, England, March 8, 2010 - Basware, the global leader in purchase-to-pay solutions, today announced
the addition of e-procurement functionality to Basware Connectivity services.
Basware Connectivity covers the entire purchase-to-pay process from
cataloguing and procurement to e-invoicing, providing crucial integration
with an organisation's existing stock and resource management systems.
Basware Connectivity benefits both supplier and buyer, reducing cost per
transaction, mitigating error, eliminating paper-based processes and speeding
up payment.

Basware Connectivity for Procurement enhances the buyer-supplier
collaboration capability of Basware Connectivity, adding:

    - Purchase Message Exchange:
    - Integrating electronic order negotiations within one buyer-supplier
      ecosystem
    - Eliminating the errors inherent in manual order management and creating
      a fully auditable trail
    - Catalogue Exchange:
    - Facilitating the electronic delivery of supplier catalogues to the
      buyer's procurement environment, boosting the quantity of catalogue
      items
    - Supplier self service enables 24-hour updating of content
    - Enforces negotiated contract conditions and pricing

Electronic invoice and procurement message exchange significantly
increases data accuracy by replacing error-prone manual processes with
automation. Through Basware Connectivity, electronic documents are created in
procurement systems and fed directly to invoice processing solutions,
enabling better visibility and a full audit trail. Electronic transactions
enable automated order management as well as automated invoice processing and
payment which in turn minimise manual intervention. By turning the
procurement and invoice processes electronic, buyers can automatically match
over 90% of incoming invoices against placed orders.

"With these new additions, Basware Connectivity is the first single
purchase-to-pay solution that enables an organisation to move its entire
procurement process into an electronic environment, fully integrated with
existing stock and finance management systems," said Matt Lees, Country
Manager, Basware UK. "Every time a transaction moves from one system to
another, whether within a single organisation or between supplier and
customer, it adds delays in fulfillment and opens up possibilities for error.
By automating these processes and moving to electronic document exchange with
Basware Connectivity, buyers and suppliers can significantly reduce errors in
the process, so get it right the first time around and halve their processing
costs along the way."

For the supplier, electronic processes reduce order delivery and
invoicing cycle times dramatically, which in turn translate to quicker
payments and improved cash flow. Suppliers can easily generate invoices
directly from the order data which ensures full accuracy and eliminates the
need for credit invoices.

Jyri Virtanen, logistics manager at Plandent, a dental supply company and
Basware Connectivity customer added: "We receive around 450 orders each day,
and with Basware Connectivity the entire process has become much faster and
more efficient. Previously, a single order might contain 50 hand-written
order rows, but with an electronic system we can easily receive consolidated
orders. Basware Connectivity enables us to fulfill our customers' orders
quicker and has also substantially reduced error levels. Now, with the
elimination of the delay resulting from manual ordering and shorter delivery
times, we can focus more on actual customer service."

About Basware

Basware is the global leader in purchase-to-pay solutions with more than
1,500 customers and 850,000 users in over 50 countries around the world. With
Basware, organisations can reduce the cost of buying and paying for goods and
services and gain visibility and control of their entire spending process by
automating manual processes, from sourcing, contract management, purchasing
and supplier collaboration to invoice automation. Basware solutions and
services enable substantial cost reductions across businesses and deliver
value by providing compliance and control, as well as fast return on
investment. The solutions are distributed and implemented, either on site or
as a service, in Europe, the US, and Asia-Pacific through an extensive
network of Basware offices and business partners. www.basware.com

Press contact: Lakshmi Rajendran / Sarah Martinez, Octopus Communications, baswareuk at octopuscomms.net, +44-845-700-655; Karen Airey, Head of Marketing, Basware UK, karen.airey at basware.com