NBCUniversal Selects Basware’s Commerce Network and Accounts Payable Automation Solutions

Stamford, CT - 20 May 2013

Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that NBCUniversal Media, LLC, a major media and entertainment company, has selected Basware Accounts Payable Automation and Basware e-invoicing delivered across the Basware Commerce Network for connecting and transacting with suppliers, and automating the invoicing process. These solutions, which will be implemented in the U.S. and other regions globally, will enable NBCUniversal to conduct e-invoicing; gain visibility and control over invoices; and improve relationships with suppliers.

Basware Accounts Payable Automation will be implemented via SaaS on Basware’s Alusta, a cloud-based platform for purchase to pay. Additionally, NBCUniversal will implement Scan & Capture and Basware e-invoicing over the Basware Commerce Network.

“We are pleased to help such a prestigious media company gain critical visibility and control over its key finance processes,” said Mike Cassano, VP, Basware North America. “Through e-invoicing and AP automation, NBCUniversal will be able to dramatically increase accuracy and compliance, while uncovering discounts and other opportunities for savings. This will result in greater efficiencies, costs savings and improved communication with suppliers.”

The Basware Commerce Network is founded on the principles of openness to encourage all types of organizations to collaborate and trade, and the number of active buyers and suppliers trading in the network is now more than 900,000. Seamless connections with more than 160 international e-invoicing platforms make it the largest inter-operator network in the world, with buyers and suppliers exchanging e-orders and e-invoices.

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