Basware to deliver Invoice Automation Solution to Invensys plc in the United Kingdom
Basware Corporation stock exchange release, July 28, 2010 at 13:15
Basware, the global leader in purchase-to-pay solutions, announced today that it
had signed a contract to provide its invoice automation solution to Invensys
plc. The value of the deal exceeds EUR 500,000 over 3 years. The solution will
be deployed as a Software as a Service (SaaS) delivery.
Invensys plc develops and applies advanced technologies that enable the world's
manufacturing and energy generating facilities, mainline and mass transit rail
networks and appliances to operate safely and efficiently. Invensys brings its
technologies to a global customer base: InvensysÂ® solutions are used in around
180 countries worldwide, and Invensys has offices in more than 50 countries,
employing around 20,000 people. Invensys is listed on the London Stock Exchange
and is a constituent of the FTSE100 Index.
"We are pleased to be delivering the Basware Invoice Automation solution to yet
another global company. Our solutions are industry-independent supporting
multilingual and currency needs, modular and applicable to companies of all
sizes," said Ilkka Sihvo, CEO, Basware Corporation.
Basware Invoice Automation (IA) uses automatic, business-rule based matching to
minimize the need for time-consuming, repetitive invoice-handling tasks and
enable efficient management of exceptions. Basware Invoice Automation optimizes
process performance in financial departments and business units, enabling your
organization to focus on creating added value for your customers.
For more information, please contact:
CEO Ilkka Sihvo, Basware Corporation
Tel. +358 40 501 8251
NASDAQ OMX Helsinki Ltd
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