Under the terms of the deal, Basware is set to provide its most recent partner, whose identity has not yet been disclosed, with its Invoice Automation as a Service, together with the Basware Connectivity services including Scan & Capture, Supplier Portal and e-invoicing.
Baswares e-invoicing 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. The service sends invoices in electronic format from the invoicing solution, transfers the documents to the desired format and transmits them to the buyers invoice processing solution or printing service.
The value of the deal over the three-year contractual period is approximately EUR 650.000.
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