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
"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
For more information, please contact:
Ilkka Sihvo, CEO, Basware Corp.
Tel. +358 40 501 8251
NASDAQ OMX Helsinki
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. www.iss.fi, www.issworld.com
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Source: Basware via Thomson Reuters ONE