Qvantel Provides Basware With a Billing Platform for Their e-Invoicing Business

By Basware Qvantel, PRNE
Tuesday, February 8, 2011

ESPOO, Finland, February 9, 2011 - Qvantel, an international IT services company, is enhancing Basware's
invoicing processes with a new, innovative solution with whose help Basware
will be able to decisively expand its e-invoicing services and grow its

The Qvantel application collects information about e-invoices and other
electronic documents relayed through Basware's Business Automation services
and calculates prices for the events and provides customer-specific invoicing

The application automates the collection, pricing and invoicing processes
of events. It significantly enhances Basware's operations in an environment
where the volume of transmitted documents is in the tens, even hundreds of
millions per month for tens of thousands of different organisations. In
addition to processing efficiency, the application offers advantageous
pricing, discount and product packaging solutions for Basware's services.

"We chose the Qvantel solution because Qvantel has years of experience in
the collection of large event masses as well as pricing and billing in the
telecom business. Qvantel offers Basware a centralised, effective and
globally scalable application, with which we can ensure controlled growth of
our business," commented Baseware General Manager Esa Tihila.

"Basware is the market leader in electronic processing and automation of
businesses' financial processes. Cooperation with Basware is an excellent
start to the wider offering of Qvantel's core competencies on a growing
market," says Qvantel Oy Chairman of the Board of Directors Ilkka Aura.

"Qvantel has specialised in handling large amounts of events with small
economic value cost-effectively and accurately. We believe that electronic
documents replace paper printouts at an ever accelerating pace, and that the
market for automation of businesses' financial processes will be growing by
tens of percents annually in the coming years," Aura says.

Qvantel Group

The Qvantel Group is a 150-person strong international information
technology services company. Qvantel offers demanding, business-critical IT
consulting services and business support systems those are easily implemented
and cost effective. Customers include TDC Nordic, TeliaSonera Group, Elisa
Group, Finnet Group as well as Academica Oy, Ericsson AB and ST Ericsson AB.
Qvantel has customers in Finland, Sweden, Norway, Estonia, Spain and
Indonesia. The privately owned Qvantel Group has offices in Espoo and
Jyvaskyla in Finland, Malmo in Sweden, Singapore, as well as Hyderabad and
Bangalore in India.

More information about Qvantel Oy's services is available at:


Basware Oy

Basware develops successful solutions for electronic processing of
procurements, purchase invoices, travel expenses, online billing and
financial management. More than one million users utilise Basware products
for automation of financial processes. Basware Oyj was founded in 1985 and
its shares are listed on the Helsinki Stock Exchange.

More information about Basware Oy's services is available at:


Further information: General Manager Esa Tihila, Mobile +358(0)40-480-7098, E-mail: esa.tihila at basware.com; Chairman of the Board of Directors Ilkka Aura, Mobile +358(0)45-6345252, E-mail: ilkka.aura at qvantel.com

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