Basware Expands Global e-Invoicing Open Network to Include 80 Partners

GUILDFORD, England, March 29, 2010 - Basware, the leading provider of purchase-to-pay solutions, has expanded
the global reach of its e-invoicing network, to 80 partners across the globe.
New partners include Ximantix and Digital Invoice Gateway in Germany,
Anachron, ClearBizz-Accounting plaza, TNT and Unified Post in the
Netherlands, Husera TSP, GlobalEDI, InExchange and Locus in Sweden as well as
Leadtec in Australia. With these new agreements, Basware extends its network
to Australia, so that it is operating across all continents as a truly global
network. The open network, which connects buyers and suppliers by forming
interoperability agreements with local and global e-invoicing partners,
supported millions of global transactions in 2009.

Basware's global open network allows suppliers to take advantage of their
existing e-invoicing solution without needing to install proprietary
technologies for connecting buyers and suppliers, which is often the case
with traditional networks. Basware enables buyers and suppliers to use one
single interface to connect with their business partners either directly via
Basware or through its e-invoicing network partners.

By making it easier for suppliers to submit e-invoices, customers that
use the Basware network can benefit from the complete control over cash flow
and improved process efficiency that shifting to fully electronic processes
provides. When coupled with e-invoicing, invoice automation accelerates
payment times and reduces errors, speeding up processing and improving
productivity by reducing manual workloads, inevitably improving customer
relations as satisfaction levels rise. By introducing Invoice Automation and
making the move to a full e-invoicing managed service, one of UK's leading
pharmaceutical chains, Lloydspharmacy, has been able to increase invoice
processing volumes by 40% without any additional headcount.

In order to take full take advantage of e-invoicing, the buyer-supplier
relationship needs to work effectively. Traditional e-invoicing networks -
those that allow suppliers and buyers to connect through the buyer's service
provider only - usually limited to specific industries or countries. In a
traditional network model, suppliers have to engage with multiple networks in
order to access different buyers, a set up with considerable cost
duplications. For large organizations wanting to reap the benefits of
e-Invoicing, supplier activation is key. Basware's open network enables
suppliers to connect freely with their local operator which then
automatically process e-invoices to the buyer, regardless of their operator
or location.

In the report "Enterprises Should Push Supplier Networks To Deliver
Interoperability," Forrester Research, Inc., July, 2009, Forrester states
that "Currently, most supplier network traffic goes through a single-hub
model in which one network connects the buyer with its suppliers. A
double-hub model, supported by network interoperability…would eliminate the
need for companies to connect with multiple networks. Interoperability would
accelerate supplier network adoption because: Suppliers would be happy to
enroll in a network if it connected them with all their customers,
enterprises would adopt networks enthusiastically, without the enablement
barrier, Networks would be able to increase their revenues much faster."

"At Basware, we have seen clear demand for expanding our network and we
are excited to be able to offer an extensive supplier/buyer network to our
customers, especially as we move into new territories," commented Esa Tihila,
SVP of Connectivity Services at Basware. "We are offering services that ease
e-invoicing enablement, without forcing companies to commit to long term fees
and multiple costly integration processes. As Basware continues to grow
globally, we expect the network to continue to scale to meet our customers'
needs."

For more information on Basware e-invoicing solutions, visit
www.basware.com.

Basware's e-invoicing partners are listed at:
www.basware.com/e-invoicingnetwork.

About Basware

Basware is the global leader in purchase-to-pay solutions with more than
1,500 customers and 1,000,000 users in over 50 countries around the world.
With Basware, organizations 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