Basware's Jari Tavi Named 2008 Pro to Know by Supply and Demand Chain Executive Magazine.

Chief Technology Officer Recognized for Helping Customers Achieve Real-Time Visibility into their Enterprise Purchase-to-Pay Processes Across the Supply Chain

STAMFORD, Conn. -- Basware, the leading provider of financial process automation software, today announced that its chief technology officer, Jari Tavi, has been named one of the Provider Pros to Know by Supply & Demand Chain Executive magazine. The eighth annual listing, which appeared in the magazine's Feb/March 2008 issue, identifies the most successful corporate executives from software firms, service providers, consultancies, and analyst or research firms who have a vision for the 21st-century supply chain and who have personally helped customers apply technology processes to modernize their supply chains.

Tavi was recognized in the Provider Pros to Know category for helping customers navigate a major supply chain challenge: mastering control and real-time visibility into their enterprise Purchase-to-Pay processes. Using traditional methods, many companies are vulnerable to unrecorded liabilities caused by incorrect or missing purchase orders (POs) and non-PO-based purchases and invoices. Tavi has helped develop technology solutions to effectively address these problems and help companies receive the control, visibility and accuracy in Purchase-to-Pay processes that are also needed for Sarbanes-Oxley (SOX) and other types of compliance.

"Best-in-class companies are realizing that when it comes to their financial automation processes it is critical to take a holistic approach and streamline both procurement and accounts payable operations into an integrated business flow," said Tavi. "They also realize the importance of learning through continuous improvement to not only gain efficiency, visibility and added value but also to transform operations throughout the financial supply chain."

Tavi has played a key role in introducing numerous technology innovations, including using Key Performance Indicators (KPIs) in Purchase-to-Pay technology deployment. Basware is the only Purchase-to-Pay solutions provider to offer a KPI tool, enabling companies to achieve continuous and incremental financial process improvements that provide quick benefits, in contrast to the traditional approach of undertaking major re-engineering projects. Major corporations have credited Basware - under Tavi's technology leadership - with helping them achieve significant gains through accounts payable and purchasing automation.

"This year's Provider Pros to Know, such as Jari Tavi, have shown themselves to be thought leaders in their respective supply chain segments," said Andrew K. Reese, editor of Supply & Demand Chain Executive. "Their efforts in developing the tools and processes necessary for supply chain transformation, and in promoting new approaches to supply chain enablement, are helping to raise the supply chain's status within the enterprise."

The Supply & Demand Chain Executive's annual Provider Pros to Know listing was broken down into specific areas reflecting unique specialties. Tavi was chosen within the Financial Supply Chain Management area.

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply chain management professionals through the complicated, yet critical world of supply and demand chain enablement to gain competitive advantage. The full listing of the 2008 Pros to Know is available in the February/March print of the magazine and on the Supply & Demand Chain Executive website at www.SDCExec.com.

About Basware

Basware is the global leader in Purchase-to-Pay solutions with more than 1,200 customers and 650,000 users in over 50 countries around the world. Basware solutions automate business-critical financial processes and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented in Europe, the U.S., and Asia-Pacific through an extensive network of Basware offices and business partners.

In 2007, net sales reached more than US $107 million. The growth target for net sales for 2008 is 15-25%. Founded in 1985, Basware Corporation is a public company listed on the OMX Nordic Exchange Helsinki. Headquartered in Finland, it has seven subsidiaries in Europe and one in the U.S. The company's U.S. business, Basware, Inc., is headquartered in Stamford, Conn. More information can be found at www.basware.com/us.

The Basware name is a registered trademark of Basware Corporation. The Basware logo is a trademark of Basware Corporation. All other trademarks are the property of their respective companies.