Every Second Counts - Basware Processed One e-Invoice per Second in March 2010

Purchase-to-pay Solution and Service Provider Achieves Milestone of Processing Over 1 Million Electronic Transactions in a Month

GUILDFORD, England, May 4, 2010 - Basware, the leading provider of purchase-to-pay solutions, has announced
that it processed more than 1 million e-invoices and purchase messages in
March 2010 through its Business Transactions service, an average of one per
second. The milestone was passed in a 30 percent surge in transaction growth
in the first quarter of 2010, compared with the same period in 2009. Over 10
million transactions were routed through the service in 2009, and the company
expects this to rise as electronic document exchange continues to gain
traction globally.

Basware Business Transactions is a monitored transfer and conversion
service for sending and receiving electronic invoices and other electronic
documents such as purchase messages. The service formats and routes invoices
between sender and recipient, converting the documents automatically to the
recipients' preferred format. By adopting electronic invoicing, businesses
are able to reduce the errors that occur during manual invoice processing,
accelerate the workflow and approval processes as well as achieve significant
cost savings while gaining complete control over cash flow and improved
process efficiency that shifting to fully electronic processes provides.

"Organisations are becoming attuned to the benefits that e-invoicing can
bring to their business, in particular the bottom line, which is key in the
current economic climate," said Esa Tihila, SVP of Connectivity Services at
Basware. "Having achieved this milestone, we are confident that these figures
will continue to increase as businesses realize the savings that can be
attained. There is a great opportunity for the expansion of e-invoicing
across all markets globally, and Basware is anticipating a 'boom' in the near
future, as businesses realize the benefits that it can bring, both fiscally
and in terms of time saved."

Currently less than 10% of all B2B invoices in Europe are transmitted
electronically. According to independent research institution Billentis,
e-invoicing volumes are expected to grow by 37% in Europe in 2010.
Correspondingly in the US, research company PayStream Advisors estimates that
the number of electronic invoices traded within the US will overtake paper
invoice volume by 2011. The recent volcanic eruption in Iceland and resulting
air travel disruption caused by the ash cloud is a great example of the
problems that can arise unexpectedly, causing disruption to ­business
processes. Paper invoices were not able to be delivered via air, delaying
processing and subsequent payment - putting the whole payment cycle behind,
and many businesses had to wait for stranded employees to return to work to
be able to process approvals. E-invoicing negates this issue, as everything
is controlled electronically, so invoices can be received and processed in
real-time. Recently, Toshiba (www.toshiba.co.uk/) announced a 75% drop
in invoicing costs by shifting to an electronic sales invoice process with
Basware - demonstrating just how much of an effect e-invoicing can have on
the bottom line.

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