Qvantel Provides Basware With a Billing Platform for Their e-Invoicing Business

ESPOO, Finland, February 9, 2011 /PRNewswire/ -- Qvantel, an international IT services company, is enhancing Basware's invoicing processes with a new, innovative solution with whose help Basware will be able to decisively expand its e-invoicing services and grow its business.

The Qvantel application collects information about e-invoices and other electronic documents relayed through Basware's Business Automation services and calculates prices for the events and provides customer-specific invoicing data.

The application automates the collection, pricing and invoicing processes of events. It significantly enhances Basware's operations in an environment where the volume of transmitted documents is in the tens, even hundreds of millions per month for tens of thousands of different organisations. In addition to processing efficiency, the application offers advantageous pricing, discount and product packaging solutions for Basware's services.

"We chose the Qvantel solution because Qvantel has years of experience in the collection of large event masses as well as pricing and billing in the telecom business. Qvantel offers Basware a centralised, effective and globally scalable application, with which we can ensure controlled growth of our business," commented Baseware General Manager Esa Tihila.

"Basware is the market leader in electronic processing and automation of businesses' financial processes. Cooperation with Basware is an excellent start to the wider offering of Qvantel's core competencies on a growing market," says Qvantel Oy Chairman of the Board of Directors Ilkka Aura.

"Qvantel has specialised in handling large amounts of events with small economic value cost-effectively and accurately. We believe that electronic documents replace paper printouts at an ever accelerating pace, and that the market for automation of businesses' financial processes will be growing by tens of percents annually in the coming years," Aura says.

Qvantel Group

The Qvantel Group is a 150-person strong international information technology services company. Qvantel offers demanding, business-critical IT consulting services and business support systems those are easily implemented and cost effective. Customers include TDC Nordic, TeliaSonera Group, Elisa Group, Finnet Group as well as Academica Oy, Ericsson AB and ST Ericsson AB. Qvantel has customers in Finland, Sweden, Norway, Estonia, Spain and Indonesia. The privately owned Qvantel Group has offices in Espoo and Jyvaskyla in Finland, Malmo in Sweden, Singapore, as well as Hyderabad and Bangalore in India.

More information about Qvantel Oy's services is available at:

http://www.qvantel.com.

Basware Oy

Basware develops successful solutions for electronic processing of procurements, purchase invoices, travel expenses, online billing and financial management. More than one million users utilise Basware products for automation of financial processes. Basware Oyj was founded in 1985 and its shares are listed on the Helsinki Stock Exchange.

More information about Basware Oy's services is available at:

http://www.basware.fi.