Basware to deliver an extensive e-invoicing service to ISS Palvelut

Basware Corp. stock exchange release April 28, 2011 at 11:05 Basware has agreed to deliver an extensive e-invoicing solution to ISS Palvelut. The value of the agreement is approximately 700,000 Euros over the next three years. The services will be implemented at the Finnish business units of ISS Palvelut by the beginning of June 2011. The services include the transaction of e-invoices, data recognition services for scanned invoices, a printing service, supplier portal as well as supplier and customer activation. Basware's e-invoicing services enable automated invoicing as well as allow organizations to immediately shift to 100 percent electronic invoicing. The service sends invoices in electronic format from the invoicing solution, transfers the documents to the desired format and transmits them to the buyer's invoice processing solution or printing service, depending on the preferred solution. Additionally Basware activates suppliers to start using e-invoicing. "We are pleased to be able to deliver an extensive e-invoicing solution to ISS Palvelut. With the Basware service, companies can automate their invoice processing and quickly benefit from lower costs per invoice. The service can also be easily scaled as invoice volumes grow," says Ilkka Sihvo, CEO, Basware Corp. For more information, please contact: Ilkka Sihvo, CEO, Basware Corp. Tel. +358 40 501 8251 Distribution: NASDAQ OMX Helsinki Key media ISS Palvelut is the third largest private employer in Finland, and a leading real estate and business facility company. We produce personnel support services for private companies and organisations, and the public sector. Through our operations, we create qualitative and financial value for our customers' business operations. Our annual turnover is EUR 516 million, and we employ about 12,000 people. ISS Palvelut is part of the international ISS Group which operates in over 50 countries., This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Basware via Thomson Reuters ONE [HUG#1510028]