Basware Launches Connectivity Services to Accelerate Purchase to Pay Process Automation

ESPOO, Finland - Basware Connectivity Enables Suppliers and Buyers to Eliminate Paper
From Purchase to pay Processes, Reduce Cost per Transaction, Speed up Time to
Payment and Communicate Better With Trading Partners

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Basware (www.basware.com), the leading provider of purchase to pay
solutions, today announced the launch of Basware Connectivity (
www.basware.com/our_solutions/supplier_connectivity/Pages/default.aspx
), a new set of enabling services to increase the adoption of electronic
document exchange in difficult economic times for businesses. Basware
Connectivity services allow suppliers and buyers of all sizes and maturity to
transact electronically across the Basware partner network to drive down
processing costs and increase internal visibility between procurement and
finance. With the Basware services, transaction and processing costs can be
cut by half.

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Basware Connectivity services include Basware Scan and Capture
(www.basware.com/our_solutions/supplier_connectivity/scan_and_capture/Pages/default.aspx),
a completely outsourced scanning service that reduces
the manual burden on internal departments and enables buyers to receive all
their invoices in electronic format. To encourage suppliers to start sending
invoices electronically, Basware offers the buyers an outsourced supplier
activation service
(www.basware.com/our_solutions/supplier_connectivity/supplier_activation_services/Pages/default.aspx).
Basware Business Transactions
(www.basware.com/our_solutions/supplier_connectivity/e_invoicing/Pages/default.aspx),
a monitored transfer and conversion service, supports the
integrated exchange of e-invoices and purchase messages, enabling faster
processing and improving accuracy. Basware Supplier Portal
(www.basware.com/our_solutions/supplier_connectivity/purchase_message_exchange/Pages/default.aspx)
completes the services, allowing buyers and suppliers to upload or download
purchasing related documents and complete transactions, such as submitting
an invoice, online.

The new services complete Basware’s existing purchase to pay offering,
allowing customers to further enhance process automation by including their
business partners as part of their accounts receivable, accounts payable and
procurement functions. With the Basware Connectivity services, companies gain
visibility to an audit trail that can be traced from order to goods delivery
and invoice. The services generate savings in time and resources, by
increasing accuracy in order based deliveries as well as data quality of
invoices. Thanks to reduced invoice processing times, buyers are able to
negotiate cash discounts, prevent late payment fees and improve working
capital management. In turn, suppliers are able to secure invoice delivery
via the Basware Business Transactions platform and gain competitive advantage
by offering an environmentally friendly and accurate way of invoicing, as
well as providing more timely and efficient customer service.

According to Forrester Research reports by Duncan Jones, the clear,
demonstrable benefits, such as operational savings and error reduction, and
the large, available market for automation of purchase to pay processes
continue to drive market growth, particularly with the prevailing economic
pressures on businesses and their supply chains. Companies see their current
inefficient, error-prone invoice-to-pay (I2P) processes as an opportunity for
rapid savings through judicious use of technology, but are unsure where to
start. Best practice research from Forrester highlights that embarking on
this journey, it is important to work with cross-functional stakeholders
within the company, strive for 100% straight through processing, as well as
looking to maximize supplier participation.

Basware Connectivity services are offered without any need to implement
or maintain the solution in a customer’s IT environment. This reduces claims
on internal IT resources, lowers the total cost of ownership and above all,
lets organizations start communicating electronically with their business
partners quickly, regardless of their size or current purchase to pay
processes.

“With our Basware Connectivity services, we are the first to able to
deliver all purchase to pay related documents through one solution. We are
making this far simpler for our customers by managing the process for them
both internally and externally,” said Esa Tihila, SVP, Basware Global
Operations. “By offering different services for companies at different stages
in their purchase to pay journey, we will accelerate the process of enabling
more transactions to take place globally.”

Over 3,500 organizations are currently integrated to the Basware Business
Transactions platform through the Basware Connectivity services. Basware has
over 150,000 suppliers transacting electronically through its platform and
processes over 8 million invoices across its network annually. With the
launch of Basware Connectivity services, the goal is to increase this
exponentially and allow more suppliers and buyers to build better
transactional relationships both at home and overseas.

“We decided to make a strategic move to e-invoicing already in 2002. Our
goal is to expand e-invoicing as much as possible, both in Accounts
Receivable and Accounts Payable processes,” says Kari Littunen, President,
Shared Services at Metso, an early Basware Connectivity customer. “Our
strategy is to have one technical partner, which enables a controlled way of
exchanging messages and information. With Basware Connectivity services we
are able to reach all our business partners through one single solution.”

About Basware Connectivity

Basware Business Transactions

(www.basware.com/our_solutions/supplier_connectivity/e_invoicing/Pages/default.aspx)

- A monitored transfer and conversion service for e-invoices
and other purchasing related documents, such as e-orders. Basware Business
Transactions converts e-invoices and other purchasing related documents into
the correct format and delivers them to the right recipients through one
single connection to suppliers and buyers.

Basware Supplier Portal

(www.basware.com/our_solutions/supplier_connectivity/purchase_message_exchange/Pages/default.aspx)

- A web interface for suppliers to key-in invoices, to receive orders
electronically, send order confirmations as well as upload and create
electronic catalogs. The buyer is able to use the same Business Transactions
platform to integrate to their invoice processing and
procurement solutions.

Basware Scan and Capture

(www.basware.com/our_solutions/supplier_connectivity/scan_and_capture/Pages/default.aspx)

- A fully outsourced service to convert all paper invoices
to electronic format. Basware provides the scanning and validation of
incoming paper invoices and delivers them to the buyer’s invoice processing
system. Coupled with the Basware Supplier Activation service, converting from
paper invoices to true e-invoices enables to reduce processing costs even
further.

Basware Supplier Activation

(www.basware.com/our_solutions/supplier_connectivity/supplier_activation_services/Pages/default.aspx)

- An outsourced service to communicate with the suppliers, assist and
activate them to connect to the buyers’ purchase to pay process.

Learn more about these services at connectivity.basware.com.

Forrester Research references taken from reports by analyst Duncan Jones

The Forrester Wave(TM): AP-EIPP, Q2 2008
(www.forrester.com/Research/Document/Excerpt/0,7211,42711,00.html)

Best Practices: Invoice-To-Pay Process Automation
(www.forrester.com/Research/Document/Excerpt/0,7211,46909,00.html)

About Basware

Basware is the global leader in purchase to pay solutions with more than
1,500 customers and 650,000 users in over 50 countries around the world.
Basware solutions automate business-critical financial processes and deliver
value by providing compliance and control, as well as fast return on
investment. The solutions are distributed and implemented in Europe, the US,
and Asia-Pacific through an extensive network of Basware offices and business
partners.

In 2008, net sales reached EUR 86 million. Founded in 1985, Basware
Corporation is a public company listed on the NASDAQ OMX Helsinki Ltd.
Headquartered in Finland, it has seven subsidiaries in Europe and one in the
US. For more information, visit www.basware.com.

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Source: Basware OYJ

Press contact: Chris Ewens, Lakshmi Rajendran and Sarah Martinez, Octopus Communications, basware at octopuscomms.net or +44(0)845-700-655