Tuesday 2nd September, 2014

Finnish e-procurement and e-invoicing software company Basware has extended its relationship with a global brewer and signed an agreement for the delivery of e-invoicing services in Denmark.

The agreement is an extension to the current e-invoice sending solution that provides an outsourced service including printing and activation services. The value of the agreement is EUR 600,000 over three years.

In fact, the company has today reported that it continues to achieve record growth, with over 80 million annualised e-invoice and purchase order transactions sent and received across its Basware Commerce Network. This milestone highlights the success of Basware's commitment to helping businesses unlock the value in their financial operations.

According to recent industry surveys, e-invoicing has grown into an everyday element of day-to-day business transactions and its volume has increased significantly across the world. A survey among European E-Invoicing Service Providers Association (EESPA) members shows that e-invoicing continues to grow 19 per cent year-on-year, with 840 million e-invoices processed and delivered by its members in 2013.

“Connected commerce and e-invoicing adoption are on the rise across every sector and businesses of different sizes. That’s because companies relying on manual processes to receive and pay invoices frequently end up paying late, slowing payment activity and creating stagnation in the wider economy. It is through our continued focus on delivering innovations, designed to enable easy connectivity to the network for companies of all sizes and removing common obstacles to connected commerce that we have been able to boost the number of companies using our network,” said Esa Tihilä, CEO, Basware.