Basware win $NZ4M e-invoicing deal

Basware has been awarded a $NZ4 million contract with a leading New Zealand construction company to deliver accounts payable automation and e-invoicing services. 

The agreement includes a license-based solution for invoice automation powered by Alusta, Basware's unified cloud-based platform for Purchase-to-Pay and services for receiving e-invoices and scanning paper invoices. Basware is helping the customer to activate their suppliers to send e-invoices and provides a portal for supplier collaboration. The solution and services will be implemented in New Zealand and Australia.

 "This major customer processes close to 4 million invoices annually" explains Esa Tihilä, CEO of Basware Corporation. 

"This major customer processes close to 4 million invoices annually. Besides significant improvements in the customer's accounts payable process and standardization in invoicing via the Basware Commerce Network, an open network that allows buyers and suppliers of all sizes to collaborate and trade, the acquired services will enable this customer to benefit from vastly improved vendor relationships through online collaboration. Activating suppliers to send their invoices electronically speeds up the e-invoice adoption and enables all parties to benefit from e-invoicing, easily", says Esa Tihilä, CEO, Basware Corporation. 

"Our global presence including one the newest markets for us, the Asia-Pacific region, has been strengthening and we are very pleased to see our business expanding in the region."