Basware signs five-year agreement with GKN Driveline
Finnish company Basware is to deliver accounts payable and e-invoicing services to GKN Driveline North America.
GKN Driveline is the world’s leading supplier of automotive driveline components and systems.
The five-year agreement is the first between the two companies, and includes accounts payable automation with 100 per cent inbound e-invoicing and supplier activation services, as well as Basware Analytics.
“We are excited to form a strategic partnership with this new major customer and provide services that enhance their financial operations and boost the e-invoice adoption significantly among their suppliers,” says Esa Tihilä, CEO of Basware Corporation. “GKN Driveline can easily and securely receive 100 per cent of their invoices as e-invoices via the open Basware Commerce Network. Visual reports will help management to make better decisions, while mobility benefits end-users who can review and approve invoices on the move.”
Overall, the value of the agreement exceeds 1.1 million euros.