BasWare Customer Finnair Recognized For Operational Excellence In Accounts Payables; Aberdeen Group Analyst to Discuss Findings During BasWare Webinar July 27.

STAMFORD, Conn. -- BasWare, Inc., the North American subsidiary of Finland-based BasWare Corporation (HEX:BAS), the world-leading provider of enterprise purchase to pay software, today announced that the Aberdeen Group, a prominent industry research firm, has selected BasWare's customer Finnair, as a model of best practices in accounts payable processes. Finnair was included in the recently published Aberdeen Group research report, Invoice Reconciliation and Payment Benchmark Series:Accounts Payable Success Stories. The report will be discussed by lead author, Jeff Pikulik, Director of Research for the Aberdeen Group, during a BasWare webinar, Wednesday, July 27 at 2:00 p.m. (EDT).

Finnair, one of the world's oldest operating airlines, was singled out for its successful implementation deployment of accounts payable best practices. Using BasWare purchase to pay software, the company's paper-based payables process has been transformed. The airline has moved to an entirely paperless invoicing receipt and approval process, slashing costs per invoice by up to 50 percent.

Aiming to uncover the strategies for success in accounts payable, the Aberdeen Group conducted a benchmark study of more than 700 companies and performed a detailed analysis of AP practices at 25 major organizations. The report is available at http://www.aberdeen.com/link/sponsor.asp?spid=30410172&cid=1948. The Aberdeen Group's research uncovered that organizations that address and deploy accounts payable technology solutions holistically across four key elements of the invoice reconciliation and payment solution framework realize substantial benefits, including reductions in invoice processing costs, and accounts payable labor, as well as on-time payment improvements and greater early-payment discounts.

"Aberdeen's research reinforces the lessons learned at major worldwide organizations such as Finnair," said David Furth, general manager of BasWare, Inc. in North America. "Finnair is certainly a perfect example of how companies -- in all industries and regions -- can leverage technology to drastically reduce invoice processing time and costs, reduce invoicing errors and help companies capture early-payment discounts. We're proud to partner with Finnair, and we look forward to partnering with other companies as they work to automate their accounts payable processes through today's most advanced enterprise purchase to pay solutions."

BasWare's enterprise purchase to pay software solutions are based on 20 years of technology expertise and incorporate the best practices of more than 1,000 world-class companies. Its out-of-the-box invoice automation solutions boost customers' operational efficiencies, while providing the accuracy, visibility, timeliness, and auditability that enable companies to be Sarbanes-Oxley (SOX) compliant and financially agile. Unlike customized solutions, which can be very time-consuming and costly to implement, BasWare's robust technology is deployed quickly and offers a fast return on investment, providing cost savings of up to 60 percent.

Webinar Logistics

BasWare's July 27 webinar, scheduled from 2:00-2:45 pm. (EDT): Strategies for Success in Accounts Payable: Best Practices and Recommendations, will be hosted by BasWare's David Furth, along with Aberdeen's Jeff Pikulik. The webinar will address the drivers influencing the accounts payable transformation, best practices that are being deployed and recommendations for improvement. During the webinar, participants will learn how to:

--Create a more strategic role for their accounts payable departments

--Reduce invoice processing costs by 30-60 percent

--Achieve labor reductions of 25-40 percent

--Increase on-time payments earnings discounts up to 500 percent

--Decrease processing cycle times by up to 65 percent

Members of the press and other interested parties are invited to attend the BasWare webinar. Please call 203-487-7905 or visit https://baswareevents.webex.com/baswareevents/j.php?ED=86582967&RG=1 to register for the event.

About BasWare

BasWare Corporation (HEX: BAS) is a profitably growing global software company with more than 300,000 users in 21 countries. BasWare offers best-of-breed solutions that enable companies and organizations to reduce costs, expedite processes and achieve full control over the entire purchase to pay cycle. Headquartered in Espoo, Finland, the company has eight subsidiaries located in the United States, United Kingdom, France, Germany, Sweden, Denmark, Norway and the Netherlands. Founded in 1985, BasWare's net sales in 2004 were more than (US) $40 million. The company currently employs more than 350 people. Additional information is available at www.basware.com/us.

The BasWare name is a registered trademark of BasWare Corporation. The BasWare logo, BasWare Invoice Processing, BasWare Purchase Management and BasWare Document Archiving are trademarks of BasWare Corporation.