Basware lands $A5.7M SA Govt deal

September 30, 2009:The South Australian Government is embarking on an ambitious state-wide program to automate the processing of more than two million invoices annually, using technology and workflow from Basware and Readsoft

It has already begun the implementation of Basware's Purchase to Pay solution in a deal worth $A5.7 million Australian Dollars with a 12-month schedule to complete the the rollout to all 19 agencies by December 2010.

"We are extremely happy to start working with such an important new customer in Australia right after our recent acquisition in Australia and to further extend our presence on the continent. Basware Enterprise Purchase to Pay solution will unify the processes across the State of South Australia resulting in cost savings for the State", said CEOIlkka Sihvo, Basware Corporation.

The Finnish company recently announced the purchase of local reseller and integrator TAG Services.

ReadSoft will be supplying a $US800,000 package of optical character recognition (OCR) software as part of the Basware solution.

"We are pleased to be able to support our partner in helping this Australian government organization to improve the efficiency of their accounts payable processes," says JanAndersson, President and CEO of ReadSoft.

"More and more government organizations are seeing the benefits of document automation solutions. This cooperation demonstrates once againReadSoft's commitment to both building strong relationship with its partners as well as strengthening its position in the Oceania market."