February 10, 2016

Basware signs five-year agreement with GKN Driveline

GKN Driveline is present in more than 56 locations across 22 countries. Pictured is its office in Eskişehir, Turkey.
GKN Driveline is present in more than 56 locations across 22 countries. Pictured is its office in Eskişehir, Turkey.
GKN plc

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.

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